Walk in the Pines #210

This Week's Best

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Charts of the Week:

Quote of the Week:

"Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.”

― John Meynard Keynes

Reads of the Week:

Reads of the Week:

• FT – Demand slump fueled by Trump tariffs its US ports and air freight.

• Politico – Trump’s team brushes off economic concerns ahead of 100-day mark.

Listens of the Week:

• Founders – Michael Dell

• Odd Lots – Anna Wong – Empty shelves are coming soon

Watches of the Week:

• Me on The Market Huddle – Crayon Duty while Kev was on Jury Duty

• Forward Guidance – Arthur Hayes

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.