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Public Key

npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l

Profile Code

nprofile1qqst0xtvrqlqxm0j0qpfgkuqh0wgkzl4judkvgdgd0e4d8pnyytlqlgprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqyfhwumn8ghj7mtfwdekkete9ccrgtnndyq3jamnwvaz7tmtdehhxarj9ehx2at5wf5kuefwvdhk6qgcwaehxw309ac8yetdd96k6tnswf5k6ctv9ehx2aqpz4mhxue69uhhwmm59eekjctdwd68ytnrdaksz9thwden5te0wahhgtnndamxy6t59e5x7um59tkf7m

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Last Notes

2026-09-05 01:17:13 CEST

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Possibly.
I recommend focusing on the 15 month (orange line) and 50 month (violet) simple moving averages, to better delineate the trend.

2026-09-04 22:41:35 CEST

An update on the Most Important Macro Chart in the World:
The S&P 500 vs Gold, since 1887.
Currently at 1.74 and falling.
This combination was last seen in 1Q 2008 and late 1972 to early 1973.
It still remains well-above the 1929 stock market peak.
$SPY $VOO #Gold #Bitcoin
https://blossom.primal.net/4a12576e8574ee2462f3fedf42a878be98b13c988c70fcedf5c1df2f27ebcd2d.png

2026-07-27 19:29:48 CEST

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Which character?

2026-07-27 18:59:41 CEST

You can just do things… including starting over on X.
I am looking forward to the Spaces and expert macro discussions again.
I’m not looking forward to the crypto bro and fiat clowns. But all pre-Bitcoiners need to be challenged and educated.
After nearly two years away… I’m jumping back in to the arena.
https://x.com/formerdrjeff?s=11

2026-07-27 00:16:17 CEST

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Not wrong.

2026-07-27 00:01:31 CEST

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Verdict: Moderately disappointing.
I’d give it a B or B-.
Not as woke as some people seem to think it is, but definitely not Christopher Nolan’s best work.
If you’re hoping to see an “epic” movie in the theater, save your money and stack sats instead.
Onward and upward.
#nevent1q…04ez

2026-07-26 17:29:53 CEST

Going to see a movie in an actual movie theater today like it’s 1992.
#Odyssey 🍿

2026-07-25 18:44:57 CEST

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Yep.
Times change.

2026-07-25 15:59:38 CEST

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Then live your life well and be generous to others. 🤝

2026-07-25 15:36:25 CEST

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😂

2026-07-25 15:34:41 CEST

Q: What do you have if you own STRC and MSTR?
A: You have less bitcoin.
- Opportunity costs are real. You will do well to consider them.

2026-07-20 05:36:37 CEST

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I’m glad that my delivery is soothing to you! I’m not sure I can swing reading these things aloud since I already have so much on my plate. But I will consider it… 🍻

2026-07-16 23:27:37 CEST

When AI hardware falls 6% and bitcoin falls less than 1% on the same day... is that noise?
Or is that a rotation?
Seven charts say it's a rotation.
Issue #11 of Dr. Jeff's Macro Chartbook is live.
#Bitcoin #Macro #Investing
https://jeffross191961.substack.com/p/a-major-market-rotation-is-underway

2026-07-16 20:13:00 CEST

My stance on so-called Bitcoin Treasury Companies...
https://blossom.primal.net/37073db8d4fb9aea4ec125aa11e77738003d8c037a897b75bd425cedae4337ba.png

2026-07-14 15:01:22 CEST

Status update:
🐂🐂 ✅
🐂
🚫
🐻

2026-07-14 13:54:54 CEST

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Love it. ⚡️

2026-07-13 00:45:41 CEST

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I hope so.

2026-07-12 21:20:30 CEST

Forget dirty government cuck bucks.
Bitcoin is the blue collar dollar.

2026-07-10 14:45:43 CEST

🐂

2026-07-07 00:49:43 CEST

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I love it.
Selling bitcoin for fiat yield payments. 🤦🏻‍♂️
This is a good example of how bitcoin always flows to where it is best treated. ⚡️
#nevent1q…gp6l

2026-07-03 00:01:12 CEST

57,000 jobs.
Half of what the market expected.
The bond market noticed. Gold noticed. Bitcoin noticed.
Issue #10 of Dr. Jeff's Macro Chartbook is live. Free and paid content inside.
Enjoy!
#Bitcoin #Macro #Gold
https://jeffross191961.substack.com/p/57000-jobs-and-what-it-means-for?r=8bgxt

2026-06-26 00:47:48 CEST

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🤝

2026-06-26 00:37:11 CEST

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Who knows?
But, if history is any guide, then buying bitcoin near or (ideally) below its 200-day simple moving average tends to work out quite well in the ensuing 1+ years.

2026-06-25 20:05:06 CEST

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Don’t do it.
I’m wrong way more often than I’m right.
🍻

2026-06-25 19:32:01 CEST

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Congrats to all who never stopped believing. 🎉
#58kGang
#nevent1q…eexm

2026-06-24 20:21:54 CEST

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Atlas Shrugged, Part 3, Chapter IV

2026-06-24 17:59:40 CEST

“The reward of achievement is martyrdom.”
- Ayn Rand

2026-06-18 23:28:44 CEST

Bitcoin just touched its 200-week SMA for the fifth time in history.
The worst 1-year return following the prior four touches: +121%.
Every single cycle ended with a new all-time high.
Issue #9 is live. Free and paid content inside.
Enjoy! 🍿
#Bitcoin #Macro #Chartbook
https://substack.com/home/post/p-202635656

2026-06-06 19:10:54 CEST

*ramps up the DCA like an anti-normie

2026-06-04 23:31:32 CEST

Bitcoin is Dead. Long Live Bitcoin.
RSI: 18. Fear & Greed: 20. Down 26% from the May high. The obituary writers are out in force.
But zoom out. 61.4% below Power Law fair value. 8% above a support floor that has never once been breached in 15 years. BES mean-reverting after historic panic selling.
Issue #8 of Dr. Jeff's Macro Chartbook is live — every other Thursday, after the close.
Here's a link to Issue #8:
https://substack.com/@jeffross191961/p-200670034

2026-06-04 17:38:35 CEST

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My guess is that most people will routinely accept bitcoin for major purchases, like a house, by the 2030s.

2026-06-04 15:59:11 CEST

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Accurate.

2026-06-04 15:14:27 CEST

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Yes.

2026-06-04 14:35:38 CEST

The fear is palpable among the many who still price their lives in dollars or other fiat currencies.
Few understand that Bitcoin is the only Denominator that matters.

2026-06-04 14:30:43 CEST

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GM.

2026-06-04 03:48:54 CEST

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I hear you. 🤝

2026-06-03 23:07:37 CEST

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What I'm watching... 👀
According to adherents of the Power Law, June 2026 may be the last possible month for a legitimate #58kGang party.
I'm here for the possibility. 🍿 🎉 🍿
#bitcoin
#nevent1q…qrdc

2026-06-03 02:21:24 CEST

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Zing.

2026-06-01 22:20:20 CEST

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An observation, not a theory.
It's been a fairly tight correlation throughout the past 13-14 years.
The chart below (from Real Vision) shows it well.
At some point, I am expecting the alligator jaws (divergence) to close.
https://blossom.primal.net/50a8e1d2b52708f62eca090e11afc8a709ed32e9598673ceb26e4605edd761ef.png

2026-05-29 20:24:36 CEST

“If you use their money you will be their slave.”
- Porter Stansberry

2026-05-29 18:16:12 CEST

My latest macro interview with @nprofile…0k0v via Substack. 🍿
https://substack.com/@jeffross191961/note/c-267204155?r=8bgxt&utm_medium=ios&utm_source=notes-share-action

2026-05-21 15:17:20 CEST

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🤝

2026-05-21 14:23:37 CEST

Issue #7 of Dr. Jeff's Macro Chartbook is live! 👀
But Seriously... What Is Your Home Actually Worth?
Your home is up 68.7% in dollar terms over the past decade. Congratulations!
But what if you measured it in something that cannot be printed?
Down -51.7% in gold terms.
Down -98.5% in Bitcoin terms.
Same asset. Three measuring sticks. Three completely different realities.
Also in this issue:
→ The 2-year Treasury yield is rising again... is "higher for longer" a constraint, not a choice?
→ Bitcoin update: what started as a bear flag has morphed into a bullish ascending channel. But the 200-day SMA remains undefeated.
→ SPX/Gold updated: a bounce reminiscent of Q4 1972. Time will tell.
→ Your friendly neighborhood physician on resistance training and why the scale is lying to you
"Great nations are built on proof of work. And they die on proof of stake."
Read it here: https://jeffross191961.substack.com/p/but-seriously-what-is-your-home-actually
Not investment advice. Not medical advice. Just a curious observer sharing what is on his charts.

2026-05-16 19:25:25 CEST

Shout out to the “Engineered Crisis”…
…and to the governments who both create and take advantage of them.
Forced commodity supply shock ➡️ Rising inflation ➡️ Rising government bond yields to intolerable levels ➡️ “Forced” yield curve control to “save” the bond market ➡️ Acceleration of currency debasement ➡️ etc., etc.

2026-05-15 04:03:16 CEST

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Looks amazing!

2026-05-14 15:37:13 CEST

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Thanks Jonathan. I just DM’d you.

2026-05-11 21:44:42 CEST

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🤝

2026-05-07 22:49:22 CEST

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🤝

2026-05-07 15:32:47 CEST

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🤝

2026-05-07 13:53:37 CEST

Issue #6 of Dr. Jeff's Macro Chartbook is live! 👀
The Other Side of the Storm
I have a confession: I have been spending too much time in the doom loop. This issue is different.
→ AI is augmenting workers, not replacing them -- the data says so
→ US unemployment near historic lows despite decades of automation fears
→ S&P 500 earnings growing at 18-22% -- the AI productivity story is real
→ Bitcoin priced in gold: strikingly similar to the Dec. 2022 bottom
→ Bitcoin short-term: bearish ascending channel resolved to the upside, now knocking on the 200-day SMA
→ Silver: third test of upper boundary resolved to the upside THIS MORNING
"Great nations and economies are built on proof of work. And they die on proof of stake."
Plus: proof of work nutrition. Yes, really.
Not investment advice. Not medical advice. Just a curious observer sharing what is on his charts.
Read it here: https://substack.com/@jeffross191961/p-196704246

2026-05-06 04:37:14 CEST

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🍻

2026-05-04 22:28:20 CEST

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🤝

2026-04-28 23:59:22 CEST

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😂

2026-04-23 20:23:05 CEST

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Thanks Chad,
It did, but it looks a bit overextended in the near term. Hard to say what will happen, especially with the "ceasefire" looking tenuous.

2026-04-23 20:21:06 CEST

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US manufacturing is finally starting to look encouraging. Unfortunately, its occuring just as global liquidity is slowing down and leverage (read "animal spirits") is waning.

2026-04-23 16:33:15 CEST

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Sounds good, Pascal!

2026-04-23 13:56:35 CEST

Issue #5 of Dr. Jeff's Macro Chartbook is live! 👀
Signals Converging
Four independent frameworks. One directional message.
→ The US dollar reclaims its 200-day SMA -- bullish near-term, complicated long-term
→ Bitcoin forming a second bear flag -- with liquidity confirming the warning
→ Michael Howell's GLI suggests lower crypto prices over the coming 13 weeks
→ Brent Crude is a coiled spring -- the geopolitical wildcard nobody is pricing correctly
→ NASDAQ/Gold: a 40-year pattern that has repeated twice is repeating again
The window for clear thinking may be shorter than most people realize.
Read it here: https://substack.com/home/post/p-195167379
Not investment advice. Just a curious observer sharing what's on his charts.

2026-04-21 16:43:44 CEST

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These are fair criticisms. Here's my response:
If you believe--as I do--that humanity/society/governments/financial systems/monetary systems/etc. move in cycles, then my views may not seem so contradictory or "bizarre," as you state.
For instance, a man does not stand on a beach, hoping for a warmth and a sun tan when it is snowing and lake is water is frozen. When Summer is over and Winter comes, he is wise to wear warm clothes and build a fire to stay warm.
Likewise, when we approach the climax of a #FourthTurning, then the existing human systems and structures necessarily begin to collapse, and new ones are built on the other side.
History has shown that all involved countries essentially turn "communist"... that is, from "free market capitalism" and individualism to central command and control. Only by banding together and working towards a common goal (against a common enemy) can a nation hope to survive and win a major war against a major adversary.
I'm not pro-war, but I am a realist who believes that WW3 has already begun... similar to how WW2 began in the mid-to-late 1930s for Europe, Asia, and North Africa... not in 1941, as many Americans believe.
Finally, it is naive to believe that America is still a "free market capitalist" system in 2026. The US government is heavily involved in the both the financial and monetary systems... directing funds towards the rapid build-out of the military industrial complex at the expense of other "non-essential" industries, massively expanding government debt, actively debasing the people's purchasing power, etc.
In short, the US government is actively picking winners and losers--central command and control, a form of "communism"--in order to compete with their named adversaries. Ironically, the US is becoming more like China in order to compete with China.
This response is already getting too long, but I haven't even addressed the coming age of AI and robotics, which also mean that humans will lose across the board in almost all labor competitions. If "free market capitalism" still exists in the 2030s and beyond, then most humans who try to compete will be the recipients of creative destruction.
Soon, humans won't be able to outthink AI or outwork robots... a la John Henry, the "steel-drivin' man." -- If this is the case, then our entire society/government/financial system/monetary system/etc. will need to be re-thought and re-created.
Hopefully this helps. Cheers.

2026-04-18 16:39:42 CEST

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Yes.

2026-04-18 03:38:09 CEST

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Which part?

2026-04-18 02:03:13 CEST

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🤝

2026-04-18 02:03:05 CEST

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🍻

2026-04-17 22:38:56 CEST

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🤝

2026-04-17 16:37:20 CEST

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🤝

2026-04-17 16:23:57 CEST

Just dropped!
I had a great conversation with @nprofile…hd7x on the latest What Bitcoin Did show.
Check it out and let me know your thoughts. 🔥
And don’t forget to zap Danny for his tireless efforts and excellent interviews! ⚡️
https://youtu.be/JPrM0J-eUfU?si=lJQVVv0eKP_d2Zn0

2026-04-13 17:20:20 CEST

We are all military analysts now.

2026-04-10 03:19:41 CEST

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Check out Charlie Garcia’s Substack.

2026-04-10 03:18:50 CEST

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Unfortunately no

2026-04-10 03:18:39 CEST

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Because that’s what they hope for.

2026-04-10 03:15:29 CEST

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🤝

2026-04-10 02:22:03 CEST

lol… so many people and market participants reading/watching mainstream media think the war in the Middle East is basically over.
Things about to get real in the coming days.
Geopolitical and financial reorganization is just getting started.
#FourthTurning vibes

2026-04-09 23:56:35 CEST

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🤝

2026-04-09 23:46:47 CEST

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🤝

2026-04-09 23:46:37 CEST

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🍻

2026-04-09 14:11:03 CEST

Issue #4 of Dr. Jeff's Macro Chartbook is live! 👀
What Are You Measuring Your Wealth In?
→ S&P 500 Total Return: +286% in dollars. +0.17% in gold. -97.59% in Bitcoin.
→ Oil tells the same story — even hard assets fail the sound money test
→ Why central banks are quietly abandoning the dollar measuring stick
→ SPX/Gold at 1.43 — the 100-year view, updated
→ A bonus health observation from your friendly neighborhood physician 😄
The dollar is a shrinking ruler. Here's what the charts look like when you use a better one.
Read it here: https://jeffross191961.substack.com/p/what-are-you-measuring-your-wealth?r=8bgxt
Not investment advice. Just a curious observer sharing what's on his charts.

2026-04-08 03:46:58 CEST

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Zing.

2026-03-27 20:08:39 CET

It’s been awhile.
Who’s getting ready for yet another #58kGang party?!?
🥳

2026-03-27 15:02:44 CET

Bonus post just dropped for subscribers of Dr. Jeff's Macro Chartbook 👀
What I'm Watching: The MOVE Index & the NASDAQ 100
The bond market's "fear index" is spiking. Historically, local MOVE Index peaks have coincided with local NASDAQ bottoms.
Are we approaching another peak? We'll see.
Free to read for all subscribers. Link below.
Not investment advice. Just a curious observer sharing what's on his charts.
https://substack.com/home/post/p-192312552?source=queue

2026-03-26 19:46:51 CET

“Historically-speaking, when proof of physical work—manufacturing—suffers, so too does the world’s proof of work energy money: Bitcoin.”
https://substack.com/home/post/p-192133827

2026-03-26 13:10:30 CET

Issue #3 of Dr. Jeff's Macro Chartbook is live! 👀
Treading Carefully in Uncertain Times
→ SPX & NDX testing (and failing) their 200-day SMAs
→ Oil spiking… yields to follow?
→ 3 years of US manufacturing contraction... finally ending, or resuming?
→ SPX/Gold at 1.45... and the three notorious dates in history when it was last here
→ The 1973 geopolitical parallel that should make everyone pay attention
"The price of complacency looks historically high."
If you're interested, you can read it here: https://jeffross191961.substack.com/p/dr-jeffs-macro-chartbook-issue-3?r=8bgxt
Not investment advice. Just the charts that matter.
Let me know your thoughts... Enjoy!

2026-03-23 20:12:45 CET

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🤝

2026-03-23 19:21:50 CET

Bonus Issue 2.5 just dropped... free for everyone! 👀
https://substack.com/home/post/p-191893327

2026-03-22 03:01:12 CET

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I had the same experience with pulmonary embolism. 😳

2026-03-22 02:59:15 CET

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Agreed.
But we’re definitely picking fights at the forefront.
In the end, I reckon that most of the world will be involved in the fight.
And the world will look, act, and work very differently than how it does now.

2026-03-22 02:35:18 CET

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Agreed.
I’m confident this will be the ultimate outcome, though I’m not looking forward to path to get there.

2026-03-22 02:34:21 CET

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I imagine that even the world’s most powerful military can get spread too thin.

2026-03-22 02:25:18 CET

So… in the coming days/weeks:
- US vs Iran over Kharg island.
- US vs Russia over Cuba.
- US vs China over Taiwan.
Seems like a lot. 🤔
Hegemony-ending kind of stuff, no?
What could possibly go wrong?
🇺🇸
Issue #3 coming on March 26th…
https://substack.com/@jeffross191961/note/c-231324990?r=8bgxt&utm_medium=ios&utm_source=notes-share-action

2026-03-20 20:15:24 CET

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Here's the market cap of both gold and bitcoin.
Source:
https://ingoldwetrust.report/chart-gold-bitcoin-marketcap/?lang=en
https://blossom.primal.net/e0e37f2c0fbbb0847d0c1ebeec068cf9e552c53bda4984d453455d6efb55f4fa.png

2026-03-20 18:20:25 CET

What I'm watching… 👀
The Nasdaq 100 rarely closes below its 200-day moving average… but when it does, it has historically gotten worse before it gets better.
We're there now. 🍿
More in Issue #3… March 26th.
https://substack.com/profile/13972097-jeff-ross/note/c-230721992?utm_source=notes-share-action&r=8bgxt

2026-03-17 15:00:16 CET

It’s early days, but…
If you’re interested and have found it helpful so far, I would be honored to have you help spread the word of my new newsletter (Dr. Jeff’s Macro Chartbook) on Substack.
You will be rewarded for your efforts with free months of subscription.🤑
Here’s how to help:
https://open.substack.com/pub/jeffross191961/p/invite-your-friends-to-read-dr-jeffs?r=8bgxt&utm_medium=ios

2026-03-16 20:02:51 CET

"80+ years of US hegemony hang in a balance.
And that balance is the Strait of Hormuz.
The next few weeks may be the most consequential — and enlightening — since WW2… and the outcome will set the stage for the next 80-100 years.
The world is watching… and holding its breath."
https://substack.com/profile/13972097-jeff-ross/note/c-228755442?utm_source=notes-share-action&r=8bgxt

2026-03-16 17:40:08 CET

For those curious about the person behind "Dr. Jeff's Macro Chartbook"... I just updated my About page on Substack.
As a registered advisor I'm (frustratingly) limited in what I can say publicly, but I can still share observations, frameworks, and general macro thinking.
It feels good to contribute to the public conversation again... especially during these increasingly interesting times. 👀
Onward and upward.
Here's a link to the updated page: https://jeffross191961.substack.com/about

2026-03-13 21:58:58 CET

“If the pattern holds — and there is no guarantee it will — global M2 may be approaching a cyclical peak sometime in the coming weeks or months. Or maybe it just did in February 2026. Bitcoin, it appears, already knew.” 👀
https://substack.com/home/post/p-190653110

2026-03-13 19:26:19 CET

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🤝

2026-03-13 17:28:39 CET

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I’d say since the GFC, then accelerating in 2014.

2026-03-13 17:24:53 CET

Early WW3 vibes.

2026-03-13 16:09:13 CET

After my first two issues on Substack this week, "Dr. Jeff's Macro Chartbook" has already cracked the top 10 Rising Bestsellers in Finance! 🎉
I'm blown away by the response. Thanks for your support.
Issue #3 coming on March 26th. 👀
https://blossom.primal.net/23987dfeee02c9e3766b996b32ef243bdaa0e8d05e731082feb47be71ec5c83c.png

2026-03-13 15:51:30 CET

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Amazing!
Congrats on getting this done, Lyn!! 🔥

2026-03-12 23:47:47 CET

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Thanks bro.
I’ve been taking a much-needed break from podcast interviews and social media.

2026-03-12 22:20:09 CET

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Plebs + proof of real work for the win.