Issue #6 of Dr. Jeff's Macro Chartbook is live! π
The Other Side of the Storm
I have a confession: I have been spending too much time in the doom loop. This issue is different.
β AI is augmenting workers, not replacing them -- the data says so
β US unemployment near historic lows despite decades of automation fears
β S&P 500 earnings growing at 18-22% -- the AI productivity story is real
β Bitcoin priced in gold: strikingly similar to the Dec. 2022 bottom
β Bitcoin short-term: bearish ascending channel resolved to the upside, now knocking on the 200-day SMA
β Silver: third test of upper boundary resolved to the upside THIS MORNING
"Great nations and economies are built on proof of work. And they die on proof of stake."
Plus: proof of work nutrition. Yes, really.
Not investment advice. Not medical advice. Just a curious observer sharing what is on his charts.
Read it here: 

The Other Side of the Storm
Issue #6 -- Dr. Jeff's Macro Chartbook