It’s been awhile.
Who’s getting ready for yet another #58kGang party?!?
🥳
Dr. Jeff
DrJeff@primal.net
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Macro.
Charts.
Geopolitics.
Random musings.
Sometimes funny.
Occasional doom and gloom.
Fund management insights.
Never individual investment advice.
** Nothing to do with Vailshire Capital Management, LLC or Vailshire Partners, LP hedge fund. **
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
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…


Substack
Jeff Ross (@jeffross191961)
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. 🤔
...
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 (@jeffross191961)
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...
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:


Invite your friends to read Dr. Jeff's Macro Chartbook
Thank you for reading Dr.
The script?
Team A: Get overly involved and distracted in the PG, by design.
Team C: Make a quick move for T while Team A is “too far away to meaningfully help.”
Team A: “We would have liked to help more, but the PG crisis was imminent and most of our former allies refused to help. What could we do?”
“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.” 👀


Dr. Jeff's Macro Chartbook — Issue #2 Follow the Liquidity
"Give me control of a nation's money supply, and I care not who makes its laws." — attributed to Mayer Amschel Rothschild
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:
Note: I will never give individual investment advice. Don't ask. 😉

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.
A systematic process is ♾️ better than a prediction.
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?
I recently received this good news from BarclayHedge about my little friends and family hedge fund:
“Vailshire Partners, LP has ranked #1 in the Multi-Strategy - Past Three Years category for the 3rd Quarter, 2025.”
I make lots of mistakes, but sometimes we get things right with our long-term systematic investment approach.


I don’t know about you , but I think it’s pretty wild to watch the post-WW2 geopolitical and financial world order fragment and reorganize in real time. 👀
Ozempic is the new Prozac.
John 14:27
[27] Peace I leave with you; my peace I give to you. Not as the world gives do I give to you. Let not your hearts be troubled, neither let them be afraid.
- Jesus of Nazareth
Based on the amount of comments (primarily on YouTube) that I am a "moron" who should "stay in [my] lane" and not discuss geopolitics because I am "way out of [my] depth"...
I would recommend that such folks take some time to actually read the National Security Strategy of the United States of America, which was published by the Whitehouse in November 2025.
Afterwards, if you would like to have a civilized discussion about my misinterpretations of the Trump administration's geopolitical and military actions/intentions, I would be amenable.
Here is a link for your ease:
https://www.whitehouse.gov/wp-content/uploads/2025/12/2025-National-Security-Strategy.pdf
Another quarterly Mastermind banger with @preston , @HODL , and @Joe Carlasare ⚡
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
How different forms of "money" actually work over time:
Government fiat currency: Pay more, get less.
Gold: Pay about the same, get about the same.
Bitcoin: Pay less, get more.
--------
Choose your savings vehicle and financial ruler wisely.