Propaganda vs. Price Action
Why the Charts Say This Market Is Stronger Than the Narrative Suggests
“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society.” — Edward Bernays
One of the oldest tricks in the playbook is shaping perception by controlling what gets amplified and what gets ignored. Edward Bernays called it engineering consent. In markets, that means the story you hear isn’t always the one the data is telling. Headlines latch onto pullbacks, defensive chatter, and macro fear because those grab attention.
If you’re only watching the narrative, you might think this market is fragile. The pullback the other week, the talk about rotation into “safety,” the constant doom scroll-friendly macro takes — it’s easy to get the impression we’re teetering.
But the charts tell a different story. And when you strip away the noise, the picture that emerges is one of resilience, clear leadership, and healthy breadth. Let’s break down what the signals are actually saying.
1. Macro Trend Finder — Rotation Into Metals, Mining, and Global Plays
Our Macro Trend Finder doesn’t care about news flow. It scans for relative strength and macro significance, then ranks winners and losers over six months.
The current scan is flashing something that doesn’t fit the “risk-off” narrative: