Notes From the Rabbit Hole - NFTRH

https://nftrh.com/2026/06/19/a-goldilocks-market-arrives/

A 'Goldilocks Market' Arrives - Notes From the Rabbit Hole Warsh appeared more hawkish than expected. The bond market reacted, driving up short rates relative to long rates, flattening yield curves.

https://nftrh.com/2026/06/17/ta-on-the-hui-gold-bugs-index/

TA on the HUI Gold Bugs Index - Notes From the Rabbit Hole Notes From the Rabbit Hole TA on the HUI Gold Bugs Index % - Gold Stocks

https://nftrh.com/2026/06/01/profitable-trades-have-come-too-easy/

Profitable Trades Have Come Too Easy - Notes From the Rabbit Hole Notes From the Rabbit Hole Profitable Trades Have Come Too Easy % - Public

https://nftrh.com/2026/05/31/notes-from-the-rabbit-hole-917-public/



Look no further for REAL market analysis at an important juncture as mania will end and a macro pivot will ensue. It's indicated coming and NFTRH 917 shows how and why.

Notes From the Rabbit Hole, #917 (complimentary to the public) The 917th edition of Notes From the Rabbit Hole reviews rotations in software, mania in AI/Semi and a coming pivot back to a primary macro theme.

https://nftrh.com/2026/05/27/the-ai-driven-semiconductor-bubble-is-more-than-just-a-bubble/

The AI-Driven Semiconductor Bubble is More Than 'Just a Bubble' - Notes From the Rabbit Hole Despite excellent fundamentals, valuation and momentum will send the Semi sector into correction. There will be less sexy areas to this play.

https://nftrh.com/2026/05/26/golds-leadership-handoff/

Gold's Leadership Handoff - Notes From the Rabbit Hole Gold's leadership of 2025 handed off to silver. In 2026 a resumption of silver/s leadership should lead broad commodities higher.

https://nftrh.com/2026/05/13/phase-2-commodity-related-stocks/

Phase 2; Commodity Related Stocks - Notes From the Rabbit Hole The leadership chain is Gold > Silver > Commodities. With Semi going parabolic, focus shifts to the picks & shovels of modern technology.

https://nftrh.com/2026/05/12/market-wax-on-wax-off-plus-silver-gold-ratio/

Market Wax On, Wax Off (Plus Silver/Gold Ratio) - Notes From the Rabbit Hole A focus on Semiconductors, AI and Software, along with GLP-1 effects on the Healthcare industry. Also, silver's important signal.

https://nftrh.com/2026/05/08/april-payrolls-report/

April Payrolls Report: Back to the Future Under Trump... w/ One Notable Exception - Notes From the Rabbit Hole The April Payrolls report came in higher than expected, with the usual suspects (services) as the driver and manufacturing in decline.

https://nftrh.com/2026/05/05/spx-gold-ratio-rally-approaches-anticipated-decision-point/

SPX/Gold Ratio: Rally Approaches Anticipated Decision Point The stock market has rallied vs. gold, as expected. But this rally was anticipated and is a counter-trend move in the new macro.