[Corrected Links] MacroPass™: Darius Dale On The Market's Transition From 'Goldilocks' Towards Deflation

Plus a bonus report explaining the yen carry trade

I’ve received reports that the links to download Darius’ reports weren’t working for folks. So I’m using corrected ones in this version. My apologies for any inconvenience.

There will be two submissions this week from our popular MacroPass™ service for premium members of this Substack — this first one from macro analyst Darius Dale.

If you watched Sunday’s video with Darius, you’re already aware of the mind-boggling amount of data he puts together at 42Macro.com to help him gauge where markets are headed. And you heard him explain why he sees the system now starting to move from a ‘Goldilocks’ regime into one of Deflation.

Below, we share two of Darius’ recent reports. The first is his Around The Horn report that led 42Macro to change their model allocation last week. The second is a Leadoff Note explaining what has been going on with the unwind of the yen carry trade.

I hope you like data, because these reports are jam-packed with it…

As a reminder, MacroPass™ is a weekly rotating selection of premium analysis from many of the big thinkers interviewed on Thoughtful Money.

To-date that list of contributors includes experts like Lacy Hunt (Hoisington), Stephanie Pomboy (Macro Mavens), Danielle DiMartino Booth (QI Research), Tom McClellan, Michael Howell (Capital Wars), Darius Dale (42 Macro), Doomberg, Ted Oakley (Oxbow Advisors), Kevin Muir (The Macro Tourist), Alf Peccatiello (The Macro Compass), Lance Lambert (ResiClub), Ed Yardini (Yardini Research), David Hay (Haymaker), Melody Wright (M3_Melody), David Stockman (Contra Corner), David Brady (FIPEST Report), John Rubino, Adam Kobeissi (The Kobeissi Letter), Sven Henrich (Northman Trader), Jeff Clark (The Gold Advisor), and Chris Whalen (The Institutional Risk Analyst).

The reports issued so far in this MacroPass™ series include

• The Kobeissi Letter on tech stock weakness & recession fears

• Melody Wright on fast-worsening housing data

• Lacy Hunt on his quarterly outlook & review

• Ted Oakley on his latest market outlook

• Lance Lambert on rising housing inventory

• Doomberg on the future of nuclear energy

• Jeff Clark on Outcrop Silver

• Ed Yardeni on the labor market, fed rate cuts & more

• David Stockman on stolen economic growth

• Michael Howell on global liquidity

• Melody Wright on mortgage default risk

• Edwin Dorsey on the short argument for Primerica

• Danielle DiMartino Booth on the debt-default reckoning lying ahead

• David Hay on the wild action in the Japanese yen

• Kevin Muir on the emerging opportunities in Chinese stocks

• Alf Peccatiello on the growing fragility in credit markets

• Tom McClellan’s excellent April Market Report

If you’re already a premium subscriber to this Substack, just continue below to read Darius’ reports below.

And if you’re not (yet), just upgrade to premium and access the full report, as well as all past and future MacroPass™ content