The Long Hill Report with Mike Carnevale May 7, 2026

At war without being at war. Operation Epic Fury gone.Project Freedom ballyhooed, then pause.Little Marco out of a loop.What’s our goal-status quo ante.25th Amendment, impeachment? Something is wrong.Mike plays a doctor on TV.Doing nothing was the right thing.Iran is not amused.Mike’s report on the market: he’s lovin’ it.The market is not the real world. Mike says April is historically the best month, and in thisweird world, this April was great in this not real world. Gotta have somethingbad to get something good.“Sell in May, and go away, come back on Halloween day,” isan old market adage. There is a reason.We look at the Technicals and they say nothing dramatic.Warsh coming on to be the big guy at the Fed. Governors sendmessage.Nothing on Central Bank rates other than Norway raising.Middle East is rationale. Not a shock.Oil fell to 85 but not end of story as everything is day today.Was Venezuela a hint?If we are energy self-sufficient, why is the price going up?We are topping’ off all the time.Mike reporting a surge in inflation. Leading indicatorsdown.Layoffs down, means there are less people to lay off.Labor force shrunk as folks get laid off and stop lookingfor work.Where do they go? Mike optimistic but not predictingnirvana.