Modern Macro Technologies
Market Updates · · 8 min read Members

03/23/2026 Market Update

A Truth Social post on a five-day Iran hiatus sent the S&P up 2% and oil down nearly 10% before most of the move faded. The update weighs the oil risk premium, rising rate expectations, and the tax-drain window against that headline.

Douglas · Market Updates
Market Update — Monday, March 23, 2026
Individual & up

This one’s for Individual subscribers

Individual gets the full AppliedMMT newsletter, every market update, the dashboards, the Discord, and the complete archive. The free updates stay free.

  • The AppliedMMT newsletter & full market updates
  • The dashboard suite & the full model layer
  • Subscriber Discord community
  • Full archive of past research
Subscribe · $129/mo Get the free newsletter
Already subscribe? Sign in.

More research

The Only Way Treasury Gets Lower Rates Without the Fed

Bessent wants lower long-term rates without the Fed. The TGA build, the doubled buybacks -- none of it will work, and the one fiscal lever that does is the one nobody in this administration will name. Free

08/27/2026 Market Update: The Bessent Buyback Mirage, and Why Mid-September Is the Brittle Zone

The Bessent buyback treated as a mirage: the TGA mechanics, the one lever that would actually bring rates down, and why nobody in Washington will pull it. Also flagged — a mid-September brittle zone, and a rare disagreement with DeepMMT. Members

Addressing the WSJ's Latest MMT Hit Piece

The WSJ blames MMT for the pandemic inflation. Their tax arithmetic is right, their description of MMT isn't, and their causal chain runs backwards. Free