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Benjamin Cowen

A Deeply Concerning Chart for Stocks

A Deeply Concerning Chart for Stocks

While headlines cheer nominal highs, the S&P 500/Gold ratio reveals a precarious reality. Testing the critical 1.45 support—a level linked to the Great Depression and 70s stagflation—this chart warns of a potential recession and major capital rotation imminent for investors.

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Gold: Dubious Speculation

Gold: Dubious Speculation

With gold near $4,600, the long-term thesis from 2020 is playing out. Is this the top or just the start? We analyze why RSI signals might be misleading and why the trajectory to $6,000 by 2026 remains the primary outlook.

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Bitcoin: Dubious Speculation

Bitcoin: Dubious Speculation

Bitcoin is navigating a complex counter-trend rally, leaving investors questioning if this is a dead cat bounce. Analyzing liquidity cycles and the "ghost town" effect in retail engagement, evidence suggests a phase of market apathy and digestion rather than immediate growth.

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Crypto Ghost Town

Crypto Ghost Town

While Bitcoin hits new highs, the broader market feels empty. This "Crypto Ghost Town" cycle is driven by institutions, not the retail mania of 2021. We analyze social metrics and market structures to explain why retail investors have abandoned the ecosystem despite ETF launches.

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Ethereum: Logarithmic Regression

Ethereum: Logarithmic Regression

Since 2019, logarithmic regression has defined Ethereum's price action, accurately predicting the 2022 lows. We analyze this model's trajectory and why it projects a "fair value" consolidation around $2,100 by 2026.

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