Notes from a Napkin -May 2020 episodeThe US economy from the 1800s relative to nominal GDP per capita.Learn about the most important of trends of the US economy. What is waiting for us down the road?In this podcast, I present the inflation cycle that is set to reverse this year or next. This can affect our economy and markets into the 2030s.

No news or fundamentals or expanded opinion.Just a model output on US equities for today into Jul.An L4 trend peaked overnight. May not bottom until Monday, but a positive close today would suggest the intraweek swing buyer returned. L4 bottomed.Have a great and safe weekend.

Stock Market Vs US-China-Hong Kong Vs the ModelAdditional initial jobless claims were reported today. Overall momentum slows. 2.1 million shown in the report.However, total unemployed shrank.

Crude oil's price recovers well. Closing in on a gap. It is overbought on an intermediate trend basis.A setback by Jul?The long-term and super long-term opinion included.Price by the 2030s?Will oil be eliminated with coal by the next century?

Post-holiday trade started bullishly.Virus cases climb as the economy reopens. A vaccine begins a test phase. Brazil is the newest epicenter of the virus.US-China trade tensions persist.US stock market is overbought, but investors chip away at major technical resistance.

The NASDAQ leads the overall stock market higher. Relative strength.The next critical point?

A business cycle point of view on gold.Near-term to super long-term opinion. Near-term potential signal.

Commentary and business cycle model of Bitcoin.USD.