Everything All At Once.

Markets plunging in sequence — What's next?

Something important happened this week:

Markets looked into the abyss, and some broke.

Bonds and Metals are plunging in sequence, threatening to get unhinged.

What’s next?

Looking through the data this week, the message rang clear…

Surprisingly: it reminded me of 2025, when everything was working.

Markets are “loud and clear”:

Last year, for most of the market rally, and especially from May-October, we ran a series of Special Reports.

In those reports, we revisited the idea of “No Stone Left Unturned”.

(Old readers will remember this well…)

For that entire rally, we came in every day with a clean notepad, looking for new opportunities, flagging ETFs and stocks that were “ready to join the rally”.

We would find an ETF or stock that was ready to rally, and within a few hours/days it was up 10-20%.

The market was loud and clear: “follow the money, keep looking for ideas, stay focused”.

Every step of the way, we noted:

“Buyers are out there, looking for good stocks at good prices, leaving no stone left unturned.”

Market conditions were transparent — buyers were responding, consistently showing up every day.

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One of the most important strengths we can have as investors is to listen to the market, especially when it sends a strong message like this.

Last year was an invaluable lesson in listening.

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“How does this apply to 2026 — this market stinks!”

Well:

Since February, we’ve been gradually getting more cautious.

Every week, markets have continued to weaken, little by little.

Every week, more ETFs and stocks rolled over.

Last week we were cautious, and ended the week with more concerns.

Same thing happened this week.

Listening to the market, we’ve been fortunate to stay ahead of the tape — and sidestepped a lot of volatility:

1. We talked about the topping structure in Tech, which included widespread negative reactions to good news (earnings beats). The market was saying: “get ready”.

2. We talked about ETFs and stocks rolling over in sequence (ARKK for instance). Now some have started to break down.

3. Long before this crisis even began, we talked about the risk of a Dollar rally, and EURUSD being one of the most vulnerable currencies in the world. It still is.

4. We talked about a top in Precious Metals in January, also long before this war broke out. We warned as they rolled over again this week, and the next day they plunged. Copper and industrial metals too.

Now what?

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No Stone Left Unturned — 2026 edition

Buyers did not hesitate in 2025, and Sellers are not hesitating today.

In the last two weeks:

ANY asset which got in position to roll over, was sold immediately the next few hours/days.

Sellers are “out there”, looking for good exits, taking them without hesitation, and leaving no stone left unturned…

They came after every market in sequence, so far.

And after this week’s reactions, new markets may be starting to break.

Our job in 2026 is the same:

Show up to work every day with a clean notepad, look for potential new signals, and track IF and HOW the market is responding.

The market’s response so far: “follow the money, keep looking for defense, lose the least amount possible, and be mentally and financially ready on the other side”.

What’s next?

1. We are monitoring markets which could break next. And more importantly, how the tape responds.

2. We’ll cover new risk areas which MAY be ready to join the global decline — and IF sellers come in next week, then the defensive message will be reinforced yet again.

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Bull or Bear, we will listen to the tape.

This trend will continue until it stops, and the MARKET will tell us when.

No opinion or emotions. Follow the tape, and survive / be ready for when this is over.

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In today’s report:

• Week after week, the weight of the evidence showed risks were increasing. “Slowly, then all at once.”

• Preparing for next week: this report will update my plan at this critical moment.

• We continue to hold elevated cash balances, looking for an opportunity to make a significant move.

• Always remember: experience to understand what’s happening, paired with the discipline to execute under extreme conditions, is what sets true winners apart — especially in rough times. Stay focused — and good luck to all next week.