Gann #17 — Portfolio Update 16th June 2026

Summary

Gann #17 (June 16, 2026) is Phil Anderson’s most data-rich late-cycle confirmation email to date, layering four independent speculative-excess indicators — tallest-building records (Jeddah Tower 2028), SpaceX IPO records, NYSE margin debt relative to M2 at 2000/2008 levels, and JPMorgan’s projection of ~ $1.5 T n e t e q u i t y i ss u an ceo v er t h e n e x ttw oye a rs — o n t o t h ee x i s t in g [[Winn e r^{'} s C u rse P ha se]] t h es i s . A n d erso n e x pl i c i tl ys t a t es " i t^{'} s ha r d t o b e l i e v e t ha tt h er e^{'} s p ro bab l y m ore mania t o g o, " s i g na ll in g t ha tt h ecyc l e p e akha s n o t ye t a rr i v e dd es p i t e t h erecor d - b re akin g s i g na l s . F inan c ia l co n d i t i o n sre main " e x t re m e l y l oose " d es p i t e in f l a t i o n co n cer n s, w i t h t h e FRE D f inan c ia l co n d i t i o n sc ha r t s t i llw e ll b e l o wt h ezero l in e . T h ee mai l a l so d e l i v ers p or t f o l i os t o p s (XOM an d F U E L s t o pp e d o u t o n o i lp u ll ba c k f ro m I r an p e a ce - d e a l n e w s, Y PF s t o p r ai se d t o$ 48), watchlist removals (BMN from AUS, APP from Short), and flags the June 22 solstice as a key Gann date with forecast curves aligned for a near-term peak in late June and pullback into July. The US Dollar Index is testing $100 resistance for the sixth time approaching the seasonal date.

Key Claims

“The end of each successive real estate cycle tends to bring about the biggest and grandest construction projects ever seen.” — Phil Anderson — confidence: high
“The newest record is scheduled to be completed in 2028 with the Jeddah Tower in Saudi Arabia, where construction resumed in 2025 after a lengthy pause.” — Phil Anderson — confidence: high
SpaceX IPO “smashed several records along the way. The offering officially raised $85.7 bi ll i o n \dots t h e m os t e v er inanini t ia ll i s t in g ." T o t a l ma r k e t v a l u es u r g e d t oo v er$ 2 trillion. Elon Musk became “the first trillionaire the world has ever seen.” — Phil Anderson — confidence: high
“It’s hard to believe that there’s probably more mania to go.” — Phil Anderson — confidence: high
“Despite the concerns around rising inflation and the outlook for monetary policy, financial conditions remain very loose.” — Phil Anderson — confidence: high
NYSE margin debt relative to M2 “spiking to levels seen ahead of 2008 and into the internet bubble peak in early 2000.” — Phil Anderson — confidence: high
JPMorgan projects “roughly $1.5 trillion of stock” added to US equity markets over the next two years after accounting for buybacks — “the strongest period of net equity issuance since at least the late 1990s.” — Phil Anderson — confidence: high
“Most curves are aligned with a near-term peak in late June and a pullback into July” around the solstice date. — Phil Anderson — confidence: high
US Dollar Index “has a habit of changing directions around key seasonal dates” and is “testing resistance at the 100 level for the sixth time in the past year as we approach the next seasonal date.” — Phil Anderson — confidence: high
XOM and FUEL stops triggered on oil pullback from “news of an actual (maybe) peace deal between the U.S. and Iran.” Both positions closed with “solid gains.” — Phil Anderson — confidence: high

Predictions / Forecasts

Near-term peak in late June (solstice) with pullback into July — status: ⏳ pending
US Dollar Index direction change around the solstice seasonal date — status: ⏳ pending
JPMorgan’s $1.5T equity issuance forecast over next two years — status: ⏳ pending
Jeddah Tower completion 2028 as cycle-top marker — status: ⏳ pending
More mania to come before the cycle peaks — status: ⏳ pending

Notable Quotes

“The end of each successive real estate cycle tends to bring about the biggest and grandest construction projects ever seen. The property market tends to peak around the time you see or hear about a new record for the tallest building in the world.”
“It’s hard to believe that there’s probably more mania to go.”
“As the price action in AI infrastructure stocks (like semiconductors) and the SpaceX IPO shows, investors remain in a risk-taking mood with credit easy to come by.”
“Borrowing isn’t just for the land market, but can be used to buy up stocks as well.”

Portfolio & Watchlist Actions

Action	Symbol	List	Detail	Source
EXIT (stop hit)	XOM — Exxon Mobil	Mex Pete Portfolio	Stop $115, e x i t e d a t$ 140.92, +$11.79/unit gain	Gann #17
EXIT (stop hit)	FUEL — BetaShares Global Energy	Mex Pete Portfolio	Stop $6.50, e x i t e d a t$ 8.33, +$1.36/unit gain	Gann #17
RAISE STOP → $48.00	YPF — YPF S.A.	Mex Pete Portfolio	From $43.00, slightly below breakout level	Gann #17
REMOVE	BMN — Bannerman Energy	AUS Watchlist	Price action invalidates setup	Gann #17
REMOVE	APP — AppLovin	Short Watchlist	Price action invalidates setup	Gann #17

Concepts Referenced

Financial Conditions — loose conditions persist despite inflation concerns
IPO Mania — SpaceX records, Anthropic/OpenAI preparing listings, $1.5T equity issuance
Winner’s Curse Phase — “more mania to go” confirms intensification
Gann Time Counts — June 22 solstice, forecast curves, USD seasonals
Mex Pete Model Portfolio — portfolio stops and changes
Watchlists — AUS and Short Watchlist removals
Tallest Building Indicator — Jeddah Tower 2028, Burj Khalifa 2004, Empire State 1929
NYSE Margin Debt — margin/M2 at 2000/2008 levels
Equity Issuance Cycle — JPMorgan $1.5T projection
US Dollar Seasonals — $100 resistance test, sixth attempt

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