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Economy

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Gold can experience short rallies within a bear supercycle

Gold can experience short rallies within a bear supercycle.png

Gold vs. bonds, stocks, and home prices

Gold vs. bonds, stocks, and home prices.png

Commodity cycles have been shortening since 1803

Commodity cycles have been shortening since 1803.png

Commodities tend to run opposite of equities

Commodities tend to run opposite of equities.png

International markets: bulls and bears

International markets bulls and bears.png

By our measures this bull is the longest on record

By our measures this bull is the longest on record.png

Housing data is mixed

Housing data is mixed.png

New York Fed recession probability model since 1960

New York Fed recession probability model since 1960.png

Globalization and global profit margins since 1995

Globalization and global profit margins since 1995.png

Average tariff rate for select countries since 1830

Average tariff rate for select countries since 1830.png

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