Macro Charts

Macro Charts

Updated Key Charts & Market Commentary.

New Signals, Themes, and TOP Setups.

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Macro Charts
Nov 06, 2025
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In this report:

✅ Updated Key Charts + Market Commentary.

✅ New Signals and Themes.

✅ TOP Setups.

A lot to discuss today — let’s get started.


Following up on Tuesday’s note:

Working on an important update for publication today/tomorrow, with new charts and commentary on key markets. The stock market is in a classic unwind of low-quality/garbage stocks, which we warned with high priority (and exited completely) at the October top.

We couldn’t have asked for a clearer signal at the time, and there were many. Everything we’ve written since then still applies, and has been reinforced by price confirmation.

Meanwhile, core indexes S&P/NDX are down 1.7%-2.6% from their October closing highs. Right on schedule, this article was published among the top featured stories on Bloomberg this morning...

Summary: indexes are down ~2% from all-time highs, and investors are “questioning” if the bull market is over:


UPDATED KEY CHARTS

Strong confirmation of Core Views this week:

EQUITIES

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