December 9, 2025

LOCKED MacroCapture: Strategy Session – Northstar Badcharts

MI2 Partners Harry Melandri and Julian Brigden sit down with seasoned technical analysts Kevin Wadsworth and Patrick Karim of Northstar Badcharts, known for their chart-driven macroeconomic insights. With backgrounds in military meteorology, systems engineering, and psychology, the guests combine over 30 years of trading experience and a rigorous approach to forecasting. Their analysis focuses on capital rotation processes and long-term macroeconomic cycles, particularly highlighting shifts in capital toward precious metals and commodities. As structural forces shift in the global economy, the conversation explores how historical parallels—especially the late 1960s and 1970s—may inform today’s unfolding financial landscape. Through the lens of charting and technical evidence, the group examines signals of a “Super Capital Rotation Event,” rising inflationary pressures, and the potential implications for asset allocation, from equities and gold to oil and uranium. This discussion provides forward-looking perspectives for navigating a high-risk, high-opportunity market environment.

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LOCKED MI2 Macro Chart Point: US Employment & The Curve

As you know, it’s been our view for a while that investors’ assumption of a soft landing in the US was likely misplaced. Rather, the most likely scenario is either a reacceleration of inflation and growth or a recession, with the determining factor being the labour market.

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