The founder of the world's largest hedge fund just dropped his roadmap for 2026.
We ran it through Sidekick to break down the key takeaways and where he’s positioning as markets shift. Here’s the breakdown: Source: TrendSpider @TrendSpider
In case you missed it... US ISM Manufacturing PMI came in at a 14 month low of 47.9. while the expectation was 48.4.
The ISM Manufacturing is still trending lower, which means the US economy is still struggling. Source: www.investing.com, Bull Theory
Uranium, $URA extends it’s rally, gaining +5% The bull market is broadening
Source: Hedgeye
How to go long geopolitical risk...
Goldman's US Geopolitical Risk basket (composed of US-listed equities that are sensitive to geopolitical risk, diversified across 40% defense, 40% oil producers, and 20% oil tankers) has surged to start 2026... Source: zerohedge, Bloomberg
Gold has overtaken the U.S. Dollar as the largest Global Reserve Asset 🚨🚨🚨
(of course performance helped) Source: Barchart, Bloomberg
Bonds - not oil - were the play... Venezuela debt has doubled in the last 6 months.
Source: The Long View @HayekAndKeynes
Bitcoin's longer term trend looks to be holding.
We haven't traded this much above the 50 day since all time highs... Source: The Market Ear, LSEG Workspace
Speculators Are Moving Towards Commodities
Gold, gasoline, silver and copper have the largest net longs, along with emerging currencies related to resources, BRL and MXN. Chart below is in raw percentage terms, that is the net long position as a percentage of open interest. Source: zerohedge, Bloomberg, Macrobond
