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

A Major Market Rotation is Underway

Issue #11 | Dr. Jeff's Macro Chartbook | July 16, 2026

My stance on so-called Bitcoin Treasury Companies...

Status update: 🐂🐂 ✅ 🐂 🚫 🐻

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

🐂

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:

Jeff Ross | Substack

MD, MBA. Managing Director of a multi-strategy, macro-oriented, Bitcoin-friendly hedge fund. Former Diagnostic and Interventional Radiologist.

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.

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

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:

But Seriously... What is Your Home Actually Worth?

Issue #7 -- Dr. Jeff's Macro Chartbook

Not investment advice. Not medical advice. Just a curious observer sharing what is on his charts.

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:

Jeff Ross | Substack

MD, MBA. Managing Director of a multi-strategy, macro-oriented, Bitcoin-friendly hedge fund. Former Diagnostic and Interventional Radiologist.

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

Bonus Issue 2.5 just dropped... free for everyone! 👀

It's not a Trump TACO. It's a strategic stall.

Bonus Issue 2.5: Special Situation Flash Analysis

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.

Substack

Jeff Ross (@drjeffross)

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...

Early WW3 vibes.

Because I like you, here's a free glimpse of an amazing chart that I'm regularly watching... 👀 Three data lines are overlapping: 1. ISM Manufacturing PMI (multi-color line) 2. Global M2 (blue line) 3. Bitcoin price (red/green candles) I still believe that the unimpressive bitcoin price performance in 2025 resulted primarily from the lack of a positive US manufacturing cycle since 2021. Everything became distorted during the 2021 Covid-related, fiscal/monetary easing debacle, but cycles have a way of re-establishing themselves. ISM Manufacturing PMI is finally starting to recover. It will be interesting to see if the price of bitcoin responds in kind, as it (seemingly) has in the past. Not a prediction, just some observations. Cheers. 🍻

Issue #2 of the brand-new "Dr. Jeff's Macro Chartbook" drops this Thursday, March 12th. 👀 Each issue: ~5 charts I'm actively watching as a fund manager, with commentary on what I think they're telling us. Macro, geopolitics, the occasional Bitcoin rant, and unsolicited health/wellness advice -- all included at no extra charge. 😁 If you missed Issue #1 -- the most important macro chart of the last 100 years -- you can read it here:

Dr. Jeff's Monthly Macro Chartbook — Issue #1 The Most Important Chart in the World Right Now

If you follow me on Nostr or have seen my prior YouTube interviews, you’ve probably heard me talk about this chart.

Note: I will never give individual investment advice. Don't ask. 😉

I'm doing a new thing. On Substack. 👀 Hopefully, it will provide value to some of you!

Dr. Jeff's Monthly Macro Chartbook — Issue #1 The Most Important Chart in the World Right Now

If you follow me on Nostr or have seen my prior YouTube interviews, you’ve probably heard me talk about this chart.

Have you traded your savings account today, degen?

Ozempic is the new Prozac.

Another quarterly Mastermind banger with @preston , @HODL , and @npub1s9z7...nszc ⚡ We discussed: - Venezuela - Taiwan/China - Restructuring of the geopolitical world order - Semiconductors - Elon Musk's predictions - The Clarity Act - US Treasury yields - Jerome Powell - Bitcoin