Attack the Week (ATW)
Monday Thoughts
I am travelling today, so I will keep this short and sweet. As we are closing a quite volatile Q3, I am looking forward to what the closing three months of the year will bring. One thing is for sure: I will keep an eye on the price in all relevant macro markets as before. It’s been a great year so far, and we will try and read and anticipate the currents as they come in. As we are heading into an election cycle, things could get a bit more volatile than usual, but in the end, the overarching macro currents usually prevail.
Thank you for being part of this journey, and I am ever so grateful to all my readers and followers.
Let’s now hear my good friend Macro D and his current thoughts on markets as we attack the first week of Q4. Thereafter, we scan the busy upcoming calendar before scanning 10 of the most important charts as we cross into October.
Macro D’s Musings
I closed my last piece (on Friday Chart Book) with a question:
But where is the economic recession?
I saw no sign of the recession, then... I hadn't thought about it for months. Last night, it was a flash. My mind returned to what had always been my favourite animal in childhood: the owl. What a show! They fly in absolute silence (much less like electric cars) and move mainly at night, using the darkness to hunt. The owl has always rhymed with the most mysterious meanders of nature, and with its dark gait, it has crossed millennia of history and legends, passing from the misfortunes of the Maya to the fabulous Harry Potter saga. The owl, as a synonym for wisdom, has filled the screens of televisions worldwide. However, the owl to which I remain intimately linked is still Uncle Horned Owl (one of the protagonists of the cartoon Bannertail (Seton Dobutsuki Risu No Banner: is a Japanese anime produced by Nippon Animation, based on the novel Bannertail).
Let’s explore this fictitious story further …