Happy Memorial Day lads,
Hopefully your weekend is going well and is serving to refresh your mind and spirit as we head into the impressive heat of summer, a season which continues to become more fierce with every passing year.
I have been living a fringe lifestyle, predominantly lodging myself in a van in the city, enjoying an authentic urban camping experience. Detroit is alive with the steady thump of house music—a simple genre of music that resembles the sound of automation—here in a city that will continue to be on the cutting edge of autonomy and artificial intelligence.
I rose early this morning to return to mothership and run the IndexModel before the sun came overhead and made the main control station unbearably hot. The model fired out a bullish bias heading into next week.
Therefore, come Tuesday morning, it will be our expectation that a calm drift will take hold, at least until Wednesday when the Federal Reserve tries to low-key modify the Volcker Rule, likely in a way to benefit bankers of the private equity variety. That open meeting may tick volatility higher, but aside from their transparent acts of capitalism, the week is likely to be calm.
And hopefully you’re felling calm because it is hard to be wound up in this heat. Goodness, 94 degrees on deck today. The city holds that heat, with every surface from walls to ground, then it radiates like a convection oven. But it is these very city centers that are being repopulated and rebuilt by the millennial generation. From St. Louis to Philadelphia, the narrative of urban centers being cesspools of violent minorities is being upended by ambitious upstarts and opportunistic real estate developers.
Soon it will be the suburban setting, where people ran to in fear, shaken by the race riots, that will be less desirable for human habitat. Funny how fear fueled a 35 year mistake, a wasteful sprawl of civilization that has destroyed hundreds of miles of productive farm land, all in the name of owning a stamp’s worth of the American dream.
But as always, time will tell, and our time here is brief, and this Memorial Day is already slipping behind me. Therefore I must wish you well and be on my way.
MODELS ARE BULLISH
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