Today is my last note for Zidle Macro Strategy Group.

When I launched this newsletter in April, I didn't know what to expect. I had a view of the world, and a blank page. What came back was overwhelmingly positive and, frankly, humbling. You read the notes. You wrote back. You argued with me when I deserved it. That is the best thing any strategist can ask for.

A special thank you to those of you who paid for a subscription. You bet on a brand-new venture, and I don't take that lightly. I will be reaching out to each of you personally with a prorated refund.

As for what's next: I am joining an incredible firm as their Chief Market Strategist. It's a role I'm excited about, with a group of people I've come to like personally and respect professionally. I can't say who just yet, but there will be a press release in coming days.

Until then, Pepper remains on staff in an advisory capacity. Her market calls have been unchanged since April: more treats, fewer walks.

Thank you all for coming along with me on this journey. Watch this space for the news.

Joe