Macro briefings &
signal research.

The daily desk now runs as The 65 — the live show at 65signals.com.

• 193 Jun 15, 2026 Gold Just Hit $4,361 — Here’s Why
• 192 Jun 14, 2026 Snider Says Dollar Is Fine. The Data Says Otherwise.
• 191 Jun 13, 2026 Gold Just Hit $4,215 — What It Means
• 190 Jun 12, 2026 Gold Just Surged $144 While Stocks Rose
• 189 Jun 11, 2026 Snider Says Dollar Is Fine. The Data Says Otherwise.
• 188 Jun 10, 2026 2 Signals Just Flipped — Here’s What Changed Overnight
• 187 Jun 09, 2026 Ceresna Says Volatility Is Fine. The Data Says Otherwise.
• 186 Jun 08, 2026 S&P 500 Hits the 92nd Percentile — Here’s What Happened Last Time
• 185 Jun 06, 2026 S&P 500 Hits the 92nd Percentile — Here’s What Happened Last Time
• 184 Jun 05, 2026 3 Signals Just Flipped — Here’s What Changed Overnight
• 183 Jun 04, 2026 Snider Says Dollar Is Fine. The Data Says Otherwise.
• 182 Jun 03, 2026 3 Signals Just Flipped — Here’s What Changed Overnight
• 181 Jun 02, 2026 Snider Says Dollar Is Fine. The Data Says Otherwise.
• 180 Jun 01, 2026 MacIntosh Says Buy — Oil at $90.6 Backs It Up
• 179 May 31, 2026 Snider Says Dollar Is Fine. The Data Says Otherwise.
• 178 May 30, 2026 MacIntosh Says Buy — Oil at $87.4 Backs It Up
• 177 May 29, 2026 Snider Says Dollar Is Fine. The Data Says Otherwise.
• 176 May 26, 2026 MacIntosh Says Buy — Oil at $91.9 Backs It Up
• 175 May 25, 2026 Everyone Agrees on Credit — That’s Usually When It Breaks
• 174 May 24, 2026 MacIntosh Says Buy — Oil at $96.6 Backs It Up
• 173 May 23, 2026 Everyone Agrees on Credit — That’s Usually When It Breaks
• 172 May 22, 2026 3 Signals Just Flipped — Here’s What Changed Overnight
• 171 May 21, 2026 MacIntosh Says Buy — Oil at $100.9 Backs It Up
• 170 May 20, 2026 3 Signals Just Flipped — Here’s What Changed Overnight
• 169 May 19, 2026 10-year yield Hits the 99th Percentile — Here’s What Happened Last Time
• 168 May 18, 2026 Ceresna Says Volatility Is Fine. The Data Says Otherwise.
• 167 May 17, 2026 Why Is HY spread Moving When Nobody’s Watching?
• 166 May 16, 2026 MacIntosh Says Buy — Oil at $105.4 Backs It Up
• 165 May 15, 2026 2 Signals Just Flipped — Here’s What Changed Overnight
• 164 May 14, 2026 MacIntosh Says Buy — Oil at $101.4 Backs It Up
• 163 May 13, 2026 MacIntosh Says Buy — Oil at $102.1 Backs It Up
• 162 May 12, 2026 3 Signals Just Flipped — Here’s What Changed Overnight
• 161 May 11, 2026 MacIntosh Says Buy — Oil at $97.7 Backs It Up
• 160 May 10, 2026 Gold Just Hit $4,730 — Here’s The Warning
• 159 May 09, 2026 3 Signals Just Flipped — Here’s What Changed Overnight
• 158 May 07, 2026 Gold Just Hit $4,746 While Oil Crashes
• 157 May 06, 2026 Oil Just Crashed 11% — Here’s Why
• 156 May 04, 2026 Oil Just Hit $105 — Here’s The Trap
• 155 May 03, 2026 MacIntosh Says Buy — Oil at $101.9 Backs It Up
• 154 May 02, 2026 Gold Just Hit $4,629 — Something Broke
• 153 May 01, 2026 Why $105 Oil Means Trouble for Your Wallet
• 152 Apr 30, 2026 Gold Just Hit $4,649 While Bonds Break
• 151 Apr 29, 2026 MacIntosh Says Buy — Oil at $103.2 Backs It Up
• 150 Apr 28, 2026 2 Signals Just Flipped — Here’s What Changed Overnight
• 149 Apr 27, 2026 MacIntosh Says Buy — Oil at $95.4 Backs It Up
• 148 Apr 26, 2026 3 Macro Calls Are Now Wrong — The Data Just Moved Against Them
• 147 Apr 25, 2026 Gold Just Hit $4,722 — Here’s What’s Next
• 146 Apr 24, 2026 Oil Just Surged 11% — Here’s The Trap
• 145 Apr 23, 2026 MacIntosh Says Buy — Oil at $94.5 Backs It Up
• 144 Apr 20, 2026 What If 2 of the Top Macro Calls Are Already Wrong?
• 143 Apr 19, 2026 MacIntosh Says Buy — Oil at $82.6 Backs It Up
• 142 Apr 18, 2026 Oil Crashed 11% — Here’s What Breaks Next
• 141 Apr 17, 2026 MacIntosh Says Buy — Oil at $88.0 Backs It Up
• 140 Apr 16, 2026 HY spread Just Made Its Biggest Move in Months — What It Means
• 139 Apr 15, 2026 MacIntosh Says Buy — Oil at $92.8 Backs It Up
• 138 Apr 14, 2026 MacIntosh Says Buy — Oil at $97.2 Backs It Up
• 137 Apr 13, 2026 80020 Broomfield Housing Market — What the Data Says | BuildersLens
• 136 Apr 13, 2026 3 Signals Just Flipped — Here’s What Changed Overnight
• 135 Apr 12, 2026 MacIntosh Says Buy — Oil at $96.6 Backs It Up
• 134 Apr 11, 2026 3 Signals Just Flipped — Here’s What Changed Overnight
• 133 Apr 10, 2026 Why High-Yield Debt Just Dropped 5.8%
• 132 Apr 10, 2026 80020 Broomfield Housing Market — What the Data Says | BuildersLens
• 131 Apr 09, 2026 80020 Broomfield Housing Market — What the Data Says | BuildersLens
• 130 Apr 09, 2026 MacIntosh Says Buy — Oil at $99.27 Backs It Up
• 129 Apr 08, 2026 2 Signals Just Flipped — Here’s What Changed Overnight
• 128 Apr 07, 2026 Oil Just Hit $114 While Stocks Soar
• 127 Apr 06, 2026 Gold Just Hit $4,718 — Something Broke
• 126 Apr 05, 2026 MacIntosh Says Buy — Oil at $112.10 Backs It Up
• 125 Apr 04, 2026 MacIntosh Says Buy. Our Data Scored It $111.5.
• 124 Apr 03, 2026 2 Signals Just Flipped — Here’s What Changed Overnight
• 123 Apr 02, 2026 VIX (Spot) Drops 17.5% — Daily Signal Report (Apr 2)
• 122 Apr 02, 2026 HY spread Just Made Its Biggest Move in Months — What It Means
• 121 Apr 01, 2026 Snider Says One Thing. The Data Says Another. — BuildersLens (Apr 01)
• 120 Mar 31, 2026 Ceresna Says One Thing. The Data Says Another. — BuildersLens (Mar 31)
• 119 Mar 30, 2026 Ceresna Says One Thing. The Data Says Another. — BuildersLens (Mar 30)
• 118 Mar 05, 2026 The Housing Reset May Already Be Quietly Starting
• 117 Mar 05, 2026 Why Lower Rates May Not Save Housing This Cycle
• 116 Mar 05, 2026 The Tariff Ruling Markets Celebrated May Change the Cycle
• 115 Mar 05, 2026 Why Gamma Levels Matter More Than The Earnings Beat
• 114 Mar 05, 2026 Housing Corrections Are About Clearing, Not Forecasts
• 113 Mar 04, 2026 When Commodities Become Strategic Assets: The Copper Signal
• 112 Mar 04, 2026 The Private Credit Signal Markets May Be Ignoring
• 111 Mar 04, 2026 Nothing Stops the Train: Lyn Alden on Fiscal Dominance, AI, and the Global Economy
• 110 Mar 04, 2026 The Pattern That Appears Before Financial Crises
• 109 Mar 04, 2026 The Three Forces Quietly Holding the Economy Up
• 108 Mar 03, 2026 Liquidity Clusters, Tariffs, and Oil: Late Cycle Pressure Building
• 107 Mar 03, 2026 Migration Is Slowing — Housing Still Falling
• 106 Mar 03, 2026 Walmart’s “Hiring Recession” Signal: When Household Buffers Run Thin
• 105 Mar 03, 2026 The Monetary Shift Markets Haven’t Priced Yet
• 104 Mar 03, 2026 The Hidden Mechanism Behind “Saving Is For Losers”
• 103 Mar 02, 2026 Odds of New Highs Are Rising — But Here’s the Catch
• 102 Mar 02, 2026 The Starter Home Isn’t Gone — It’s Being Reengineered
• 101 Mar 02, 2026 Gold Is Rising With Stocks. Here’s What That Really Signals
• 100 Mar 02, 2026 When Falling Yields Stop Helping Stocks
• 099 Mar 02, 2026 Property Taxes, Debt Expansion, and Housing Phase Pressure
• 098 Feb 27, 2026 Settlement Risk and Liquidity Phases: Where Stress Starts Before Price
• 097 Feb 27, 2026 Primary Dealers, Repo Stress, and the Quiet Rise in Phase Two Pressure
• 096 Feb 27, 2026 GDP Runs Hot, Bond Market Pushes Back: Sequencing the Late-Cycle Constraint
• 095 Feb 27, 2026 Sector Rotation, Concentration Risk, and the Transition from Melt-Up to Compression
• 094 Feb 27, 2026 Labor Revisions and the Rise of Rent Installment Credit: A Late-Cycle Compression Signal
• 093 Feb 26, 2026 Silver Expiration Stress and Hidden Liquidity Signals
• 092 Feb 26, 2026 The ProSec Shift: Electricity, Security, and Market Risk
• 091 Feb 26, 2026 When Everything Becomes One Trade: Correlation Risk Rising
• 090 Feb 26, 2026 Defensive Rotation Is Rising Beneath the Surface
• 089 Feb 26, 2026 Builders Just Flipped the Housing Signal
• 088 Feb 25, 2026 How Market Cycles Reveal Hidden Turning Points
• 087 Feb 25, 2026 China’s Banks Are Already Inside the Trap
• 086 Feb 25, 2026 The Correlation Break Behind the AI Trade Shift
• 085 Feb 25, 2026 Why Housing Isn’t Crashing — The Real Mechanism
• 084 Feb 25, 2026 Inflation Is Cooling — So Why Does Everything Feel More Expensive?
• 083 Feb 24, 2026 Daily Signal Check — February 24, 2026
• 082 Feb 24, 2026 The Worst Housing Demand Market in Modern History
• 081 Feb 24, 2026 Real Estate Works Until Liquidity Shifts
• 080 Feb 24, 2026 Japan’s Rising Yields and the Hidden U.S. Risk Link
• 079 Feb 24, 2026 The Currency Reset Nobody Sees Coming
• 078 Feb 24, 2026 Silver’s Move Is About Incentives, Not Headlines
• 077 Feb 23, 2026 Commercial Real Estate Stress Is About Refinancing, Not Just Vacancy
• 076 Feb 23, 2026 Housing Weakness Reveals the Labor Market Shift
• 075 Feb 23, 2026 AI Is Rewriting Software Business Models
• 074 Feb 23, 2026 When Crowded Trades Break: Bonds, Bitcoin, and Late Cycle Signals
• 073 Feb 23, 2026 The Payroll Revision That Rewrote the Cycle
• 072 Feb 20, 2026 Why Technical Analysis Fails Without Liquidity Context
• 071 Feb 20, 2026 The Truth About Seven Hundred Fifty Million in Debt
• 070 Feb 20, 2026 The Silver Crash Explained Through Market Structure
• 069 Feb 20, 2026 Why Housing Feels Cheaper but Isn’t
• 068 Feb 20, 2026 Jobs, AI, and the Late-Cycle Misread: A Mechanism-First Translation
• 067 Feb 19, 2026 Growth Strong, Markets Fragile? The Late-Cycle Tension
• 066 Feb 19, 2026 The UK Government Fell — But Labor Was the Real Signal
• 065 Feb 19, 2026 Is Post-Inflation Deflation the Real 2026 Trade? Signals Behind Stocks, Bitcoin and Bonds
• 064 Feb 19, 2026 Housing Demand Is Collapsing — But Prices Haven’t Broken
• 063 Feb 19, 2026 Tech Spreads Are Widening Beneath the Surface
• 062 Feb 18, 2026 S&P 7,000 Stalls: Rotation or Phase Shift?
• 061 Feb 18, 2026 China, Treasuries, and the Deflation Signal Beneath the Noise
• 060 Feb 18, 2026 The Hidden Credit Risk Inside U.S. Manufacturing
• 059 Feb 18, 2026 Wage Growth Just Slowed — Housing Risk Is Rising
• 058 Feb 18, 2026 Breadth Is Breaking While Indexes Hold: A Phase 2 Warning
• 057 Feb 17, 2026 Gold Parabolic, Volatility Quiet: Our Strategy’s Late-Cycle Risk Map
• 056 Feb 17, 2026 COMEX Silver Isn’t Just a Metal Story — It’s a Settlement Story
• 055 Feb 17, 2026 Wealth Is Built on Structure, Not Income
• 054 Feb 17, 2026 California Wealth Tax, Capital Flight, and Housing Stress
• 053 Feb 16, 2026 Asset Inflation or Late-Cycle Compression? Mapping the Signal
• 052 Feb 16, 2026 Globalization Has Failed. What Replaces It?
• 051 Feb 16, 2026 Labor Is Rolling Over—Why Risk Assets Reacted First
• 050 Feb 16, 2026 The Wash Sale Rule Most Investors Misunderstand
• 049 Feb 16, 2026 Wage Growth Is Slowing — Housing Phase 2 Pressure Is Building
• 048 Feb 16, 2026 Dow 50,000 — But Rotation Is the Real Signal
• 047 Feb 13, 2026 The Correlation Shift After February OPEX
• 046 Feb 10, 2026 Commodity Prices Moved First — Supply Still Hasn’t
• 045 Feb 10, 2026 Labor Data Is Not Confirming a Rebound Narrative
• 044 Feb 10, 2026 Why calm markets can be the wrong signal
• 043 Feb 10, 2026 Capitulation vs Bottom: Reading Bitcoin’s Structure
• 042 Feb 10, 2026 Markets Surge, But Positioning Signals Late-Cycle Fragility
• 041 Feb 09, 2026 Japan’s February 8 Decision: A Global Funding Signal, Not a Headline
• 040 Feb 09, 2026 Silver’s Breakdown Was a Structure Signal, Not a Surprise
• 039 Feb 09, 2026 When Prices Outrun Cash Flow: Rotation, Fragility, and Market Internals
• 038 Feb 09, 2026 January 2026 Labor Market: Surge in Job Cuts, Weak Hiring Plans
• 037 Feb 09, 2026 Housing Is Repricing Through Time, Not Just Price
• 036 Feb 06, 2026 When Liquidity Stops Being Smooth
• 035 Feb 06, 2026 Markets Hit Highs as Jobs Weaken: A Late-Cycle Signal
• 034 Feb 06, 2026 If Top Earners Pull Back, The Economy Reprices
• 033 Feb 06, 2026 Private Credit Stress Is Spreading Beyond “Cockroaches”
• 032 Feb 05, 2026 Private Credit Cracks in Multifamily: A Late-Cycle Credit Signal
• 031 Feb 05, 2026 Silver’s Violent Reversal: What This Volatility Signals Late-Cycle
• 030 Feb 05, 2026 Sovereign Debt, Dollar Confidence, and the Gold Signal — Our 5-Phase Lens
• 029 Feb 05, 2026 Housing Policy Is Hitting Structural Limits — A Late-Cycle Signal
• 028 Feb 05, 2026 Private Credit Stress Is Surfacing — A Late-Cycle Signal in Our Framework
• 027 Feb 04, 2026 The Sahm Rule Is Flashing — What Labor Stress Signals Late Cycle
• 026 Feb 04, 2026 Liquidity Timing, Not Policy: What a Warsh-Style Fed Would Change
• 025 Feb 04, 2026 Kevin Warsh, the Fed, and Why Liquidity Doesn’t Disappear—It Just Moves
• 024 Feb 04, 2026 Silver’s Crash Was Mechanical — What the Paper vs Physical Split Signals Late-Cycle
• 023 Jan 31, 2026 Kondratiev Wave (K-Wave)
• 022 Jan 31, 2026 Gold / Hard-Asset Cycles (Peter Schiff / Monetary Trust)
• 021 Jan 31, 2026 MARKET CONCENTRATION / NARROW BREADTH
• 020 Jan 31, 2026 Buffett Indicator (Market Cap to GDP)
• 019 Jan 31, 2026 Minsky Financial Instability Hypothesis
• 018 Jan 31, 2026 Dalio – Long-Term Debt Cycle
• 017 Jan 31, 2026 Dalio – Short-Term Debt Cycle
• 016 Jan 31, 2026 Credit Spreads (HY / IG)
• 015 Jan 31, 2026 SAHM RULE
• 014 Jan 31, 2026 Yield Curve Re-Steepening
• 013 Jan 31, 2026 Yield Curve Inversion
• 012 Jan 30, 2026 Most people watch “stress” and assume it automatically means “crash.” In credit, that’s not how it works.
• 011 Jan 30, 2026 China can look “stable” on the surface while its credit engine is quietly breaking underneath.
• 010 Jan 30, 2026 Markets Rebound as Oil Falls and AI Earnings Beat — Late Cycle Signals Explained
• 009 Jan 30, 2026 Markets Near Highs, But Institutions Are Selling — A Late Cycle Signal
• 008 Jan 29, 2026 Markets Are Up, But Chart Structure Signals Late Cycle Risk
• 007 Jan 29, 2026 Markets Are Up, But Leadership Is Slipping and Silver Is Screaming Stress
• 006 Jan 29, 2026 Markets Look Strong, But This Corporate Cash Wave Changes the Risk
• 005 Jan 29, 2026 Asian Currencies Are Sliding — A Late Cycle Funding Signal
• 004 Jan 29, 2026 Markets Are Holding Up — But This Late Cycle Signal Is Cracking
• 003 Jan 29, 2026 Private Credit Stress Is Rising — What It Signals in Our Five Phase Framework
• 002 Jan 29, 2026 Wealth Thresholds That Change Behavior — And Why Phase Two Punishes the Unprepared
• 001 Jan 29, 2026 Gold Is Surging, But the Real Signal Is Dollar Confidence and Rates