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The Signal and Noise

Dec 19, 2025

Ending December 19, 2025

Steve's Thoughts

THIS IS VERY IMPORTANT

The NASDAQ is well and truly in bubbly territory.

Macro Moments

US unemployment rises.

China's property market is sliding - 4 Years and counting....

China's home prices slide further in November

China's new home prices extended declines in November, official data showed on Monday, indicating that a recovery in demand remains elusi...

www.reuters.com

EU hits reverse gear. More ICE cars after 2035. Thanks China.

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The Signals and Noise

Ending February 20, 2026 The Members Message A physicist, a chemist, and an economist are stranded on a deserted island, with nothing to eat but a single can of soup that washed ashore. The physicist says, "Let’s smash the can open with a rock." The chemist says, "No, let’s build a fire and heat the can until it bursts." The economist interrupts and says, "You’re both making it too compl...

The Signals and Noise

Ending February 13, 2026 A Members Message Last Friday, February 6th, the ASX fell around 2% which is a pretty big move in the scheme of things. However, when we look at history, we see that these 2% days are not that common but also not unexpected as they occur a few times, and are especially common in bear markets or when the overall market is below the 200 moving average. These days can...

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Macro Moments

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