Construction Turntables?

Is Construction Finally Weakening?

Welcome in to all the new members who have found their way here via Taylor Made Macro or via the generous recommendation from Paulo. This space is usually reserved for a paid Substack which is the first few pages of The Cascade and a free one that is the last page.

This week, I decided to send the entire letter to everyone because there are a lot of folks new to PMR this week and because I am trying to trick you into encourage you to subscribe to The Cascade. The Cascade is our weekly flagship that our Substack posts pull from. We also offer a deep dive letter (The Emerald) and Cascade/Emerald clients also enjoy a great Discord. Reach out (chase@pineconemacro.com) if you have questions or would like another sample of our work. Enjoy the read. -Chase

Disclosure: Pinecone Macro Research, LLC is an independent research firm. Pinecone Macro’s letters are based upon information gathered from various sources believed to be reliable but are not guaranteed as to accuracy or completeness. There are risks in investing. Any individual report is not all-inclusive and does not contain all of the information that you may desire in making an investment decision. You must conduct and rely on your own evaluation of any potential investment and the terms of its offering, including the merits and risks involved in making a decision to invest. The information in this letter is not intended to be, and shall not constitute, an offer to sell or a solicitation of an offer to buy any security or investment product or service. The information in this report is subject to change without notice, and Pinecone Macro Research, LLC assumes no responsibility to update the information contained in this report. There is risk in trading markets. Pinecone Macro Research, LLC is not an investment advisor. The ideas and trades I share are my own and are for informational and educational purposes only and should not be construed as investment advice.  Accordingly, you should not rely solely on the information in making any investment.  You should always check with your licensed financial advisor to determine the suitability of any investments.