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Ripple Effect

Beware Stocks In March

Loading ...Addison Wiggin

February 27, 2026 • 1 minute, 18 second read


MarketsRSI

Beware Stocks In March

If the S&P 500 closes over 6,910 today, the index will be up for February and continue its strong performance since last April.

But, looking at the monthly relative strength index (RSI), the market is flashing an overbought signal:

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When the market gets overbought on a monthly basis, healthy corrections occur. (Source: Mr_Derivatives via X)

“Relative strength is a pretty good, albeit imprecise data point,” notes our Portfolio Director Andrew Packer. “When the market as a whole is overbought or oversold on an RSI basis, however, it’s a clearer signal than in individual stocks.”

Many new stocks, particularly in the energy and consumer goods are hitting 52-week highs. But software (SaaS) is still getting sold off in crisis mode.

A new all time high in March is unlikely.

In the Grey Swan Trading Fraternity, we’ve added in protection against market downside with a put option on SPY.

Best to be wary with these trends in place.

~ Addison

P.S. Today’s the day! Grey Swan Live! this week will be coming to you live from inside the Rarcoa Vault in Chicago.

Our interest: Rare coins offer a unique way to protect your wealth with precious metals – and they carry the added value of rarity, mint, condition and historical significance.

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Please join us while we visit with family founder, Wayde Milas, inside the Rarcoa vault to check out the 2025 Eagle Privy Silver Eagle graded NGC MS70 from the first group of 50,000 pristine minted coins. Brand new sets will be available to attendees of the Zoom at a steeply discounted event price.


Stack Coins and Cash to Sidestep the Private Credit Crunch

February 27, 2026 • Andrew Packer

There’s just something about collectibles. Perhaps it’s because you’re holding something tangible in your hand, not just a share of a company. I certainly get a lot of joy looking through my coin collection or researching prices on pieces I want to acquire someday. 

Collectibles had a moment in the sun in 2021 and 2022, as investors were looking for an inflation hedge. The space has cooled off a bit, making now an optimal time to consider investing in collectibles.

While today’s focus – and my personal interest – is in rare coins – you may be more interested in stamps, art, antiques, even vintage cars. In the collectible space, there’s something for everyone. That’s part of the joy.

More importantly, with collectibles out of favor, it may be a good asset to rotate some of your wealth into.

Stack Coins and Cash to Sidestep the Private Credit Crunch
Nvidia’s Earnings Can’t Beat Seasonality

February 26, 2026 • Andrew Packer

Nvidia’s selloff isn’t unexpected. It reports late in earnings season. Most of its customers have already reported how many chips they’ve bought or plan to buy.

Most of those big-tech names sold off after their earnings in recent weeks, too. But we’re seeing signs of a slowdown, of sorts.

Companies like Microsoft and Apple are now increasing their AI spend so much that they’re slowing their spending on other priorities.

Nvidia’s Earnings Can’t Beat Seasonality
Mind the Death Jaws

February 26, 2026 • Addison Wiggin

For AI-linked companies — Nvidia foremost among them —  investor expectations continue to rise along with their valuations. At this point, even billions in profit are not enough.

Like the fiber optic spending plans that dominated the 1990s at the height of the dotcom bubble, AI spending is squeezing the cash flows for the S&P 500’s biggest companies.

Mind the Death Jaws
Gold’s Relentless Bid

February 25, 2026 • Addison Wiggin

China’s gold reserves have more than tripled since 2022, while the U.S. Treasury holdings have declined. The metal is rising as central banks’ sovereign bond exposure falls globally.

Capital continues to be repositioned between a Western debt-based system and an Eastern resource-based accumulation.

Gold’s Relentless Bid