This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com

Housekeeping: Good Morning

Hartnett’s Weekly report is presented 3 ways: 1) Video walk-through with analytical comments transcribed, 2) Hartnett’s main points broken out below, 3) and original format at bottom. Enjoy.

Hartnett’s Flow Show: Inflows to Humans (almost)

Overview:

Short and sweet as most of his efforts this week are in a second report called The Hitchhiker’s Guide to the Investment Universe which we will also share with premium later today.

Main Flow Show Points:

* Signs of a soft landing start to tentatively grow- NFIB, and Active Mgt, and Dispersion, Yen Trade “unwind”

* Re-emphasis on Why the Fed will cut: offset reduction in fiscal reductions, Lower the interest cost

Interest payment on debt set to rise….even if Fed cuts 200bps to $1.2tn (Chart 5)

-Michael Hartnett