Where the tape is set up
Every Sunday, a forward-looking read across several horizons: which conditions are lining up, what each one would need to resolve, and what would invalidate it. Scenarios only — no forecasts, no targets, no trades. The retrospective half of the week lives in the Friday Wrap.
About these notes
What is the Sunday research note?
A weekly forward-looking market note published every Sunday. Where the Friday Wrap reports what happened in the week just finished, this one looks ahead across several horizons at what the tape is set up to do next.
Does it predict where markets are going?
No. It frames scenarios and says what each would require, and what would invalidate it. It states no base case, no target, no bias and no expectation, because those are forecasts and we do not publish forecasts.
How is it different from the Friday Wrap?
The Friday Wrap is retrospective: what moved the week, and what it did to the tape. The Sunday note is forward-looking: which conditions are set up, and what each one would need to resolve either way. Neither carries a trade.
These notes are forward-looking market commentary and describe scenarios only. They are not forecasts, price targets, base cases, or trade recommendations, and they are not investment advice or tailored to anyone’s circumstances. Prices come from our own market-data bars; every external claim names its source in the note.