Pinecone Macro Research
@pineconemacro.bsky.social
Chief Nerd at PMR & Bulwark Capital
I keep using the Chesterton's Fence reference with this - the US chained Germany to the military kid's table for a reason we apparently forgot - it is at a minimum far from riskless
Europe’s Next Hegemon
The perils of German power.
www.foreignaffairs.com
February 9, 2026 at 8:50 PM
I keep using the Chesterton's Fence reference with this - the US chained Germany to the military kid's table for a reason we apparently forgot - it is at a minimum far from riskless
February 8, 2026 at 9:15 PM
February 6, 2026 at 12:50 AM
The good news is - sentiment and positioning are getting better this week
February 5, 2026 at 8:56 PM
The good news is - sentiment and positioning are getting better this week
Things you do not see every day
February 5, 2026 at 5:21 PM
Things you do not see every day
February 2, 2026 at 2:19 AM
Naturally the most GLD & SLV calls ever bought in history were right before today
January 31, 2026 at 12:28 AM
Naturally the most GLD & SLV calls ever bought in history were right before today
January 30, 2026 at 11:40 PM
Always a great show but the analysis/bias conversation is incredible valuable.
Against Punditry
Geopolitical Cousins · Episode
open.spotify.com
January 30, 2026 at 7:28 PM
Always a great show but the analysis/bias conversation is incredible valuable.
Value Creation > Value Extraction
January 28, 2026 at 11:35 PM
Value Creation > Value Extraction
The future runs on electricity and only one country seems to understand that
January 28, 2026 at 10:21 PM
The future runs on electricity and only one country seems to understand that
Powell's view here seems to be policy consensus but it seems to me it *may* ignore the temporal flow of inventories as outlined by Andy Jassy a week ago
January 28, 2026 at 8:13 PM
Powell's view here seems to be policy consensus but it seems to me it *may* ignore the temporal flow of inventories as outlined by Andy Jassy a week ago
Everyone and their dog talks up China & treasury holdings while this flies under the radar...
January 26, 2026 at 9:10 PM
Everyone and their dog talks up China & treasury holdings while this flies under the radar...
January 25, 2026 at 9:10 PM
We wrote our bull case on PGMs and $SBSW right when JPM downgraded it - and now that they are upgrading it (just did) right before it hits a new ATH (after a 300% rally) - we are about to sell...
Imagine being that bad at your job...
Imagine being that bad at your job...
January 23, 2026 at 12:33 AM
We wrote our bull case on PGMs and $SBSW right when JPM downgraded it - and now that they are upgrading it (just did) right before it hits a new ATH (after a 300% rally) - we are about to sell...
Imagine being that bad at your job...
Imagine being that bad at your job...
January 23, 2026 at 12:12 AM
The US is only beating 4 countries YTD and is up 1%. There are 25 countries up at least 5% and 6 countries up at least 10%.
January 22, 2026 at 11:19 PM
The US is only beating 4 countries YTD and is up 1%. There are 25 countries up at least 5% and 6 countries up at least 10%.
But but muh Corollary
January 22, 2026 at 10:42 PM
But but muh Corollary