Good Friday morning. Quick hitters this AM:

1) This remains a melt-up bull market and we will continue to take every opportunity to fade the majority narrative of the fear mongering financial mainstream, which has become; “now that we have definitive proof that the labor market is slowing…”. If you watch/read the financial media, you’ve no doubt heard this often over the last week. Fade the majority message as often as possible.

2) For our newer Members…because we cannot stress this enough...in addition to point #1, there is an ocean of liquidity throughout the US economy. The combination of m2 money supply ($22 trillion, ATH), $7.5 trillion in money markets (ATH) and an absolutely flush corporate America (with debt/market cap at 50 year lows, as they continue to buy back their own shares at record levels), the stock market will continue to be forced higher. 

3) As rates continue to plummet (chart below)…10 year yields cracked 4% yesterday…the record levels in home equ...