SHOPPA's WEEKLY OUTLOOK

May 2026 | Weekly Outlook

Happy Sunday!

As market information reaches an overwhelming volume, which itself tends to happen at critical inflection points, the most valuable approach in our office is radical simplification. When the noise peaks, I find it most useful to step back, strip everything to first principles, identify what is truly load-bearing in the current macro structure, and rebuild the picture from the ground up.

There is a lot to cover, so I will break this into several parts and publish as we go. These are our thoughts, our framework, our data. We don’t really care if we are labeled bulls or bears, doomers or cheerleaders (although back office can dance pretty well), we follow the data and the mechanisms we have built to interpret it. Everyone is free to take the information and construct their own narrative based on their portfolio needs. Let’s dive in.