Apr. 6 at 7:27 PM
$SLV $GLD $JNUG $B $GDX
❌2026 Today ~40x CAPE @ PEAK || Drawdown not likely with lower rates & acceleration of newly printed dollars coming 2.5 months❌
In the cold arithmetic of power, deficits swollen beyond
$2 trillion are not aberrations but instruments—TOOLS TO PROP UP A SYSTEM that feeds on illusion. They flood the markets w/liquidity, inflating earnings & dulling the tremors that should, by any honest measure, trigger a reckoning in the face of CAPE-driven excess. It is a familiar ritual, 1 we witnessed in the long shadow of the financial crisis, where collapse was not cured but anesthetized—its consequences deferred, its contradictions deepened.
PIMCO:
.. US budget deficits likely “grow to ~7% of GDP for 2026. Even if the amount of the supplemental request were halved to
$100BN, deficits could grow to ~6.6% ..”
