Highlights
Recent News
PepsiCo and Delta Put the US Consumer to the Test as Stocks Hit Records
Dear readers, Wall Street is at record levels, and the stocks that depend on household spending are not. This week...
Cash Flow Beats Backlog as Banks Brace for Earnings
Dear readers, Investors have a simple test for the fourth quarter: show me the cash. Microsoft passes it and Oracle...
Q4 Stock Picking: Where Scarcity Is Priced In, and Where It Isn’t
Dear readers, Friday's edition showed how selective spending has become, with Nike punished for its guidance and the jobs report...
Nike Sinks to a 13-Year Low While Tesla and Amazon Find Buyers
Dear readers, Nike's answer to the question we left open yesterday is in, and it isn't kind. The broader question...
Popular
Net Worth
The AI Boom Hits a Hardware Wall — And Consumers Shrug
Dear readers, Yesterday's newsletter tracked the invisible plumbing being built to protect AI systems. Today the story...
AI’s Next Bottleneck Isn’t Chips. It’s Cybersecurity.
Dear readers, Yesterday we wrote about a market forced to separate cash machines from cash burners now...
Five Percent Yields Separate Cash Machines From Cash Burners
Dear readers, The five-percent world is back, and this time it sent a bill. With the ten-year...
Real Assets, Real Cash Flows: Wall Street’s Post-Hike Rotation
Dear readers, Yesterday crypto proved it could rally through a rate hike. Today the rest of the...