Dear readers, Yesterday we asked whether Alphabet's capex commentary and Tesla's cash-flow reckoning would spook the market. The answer arrived...

Dear readers, Oil is doing what oil always does when tensions flare: rattling everything downstream. Brent has pushed above $95...

Dear readers, The bear market we flagged yesterday has gotten worse, not better. The Philadelphia Semiconductor Index, which sat 20%...

Dear readers, The semiconductor selloff has company now. The Philadelphia Semiconductor Index sits 20% below its June peak, solidly in...

Dear readers, Yesterday we mentioned that Moonshot AI's Kimi K3 model had "rattled" the industry. By Friday's close, rattled looked...

Dear readers, Yesterday we framed Netflix's earnings as the test case for a market that wants proof, not promises, that...

Dear readers, A day after chip demand was busy eating enterprise software's lunch, the money is already looking for the...

Dear readers, We closed yesterday's letter with a question: could a soft inflation print do the heavy lifting the Fed...

Dear readers, The question we posed heading into this week — whether Q2 earnings can support a market priced for...

Dear readers, Yesterday we flagged a market priced for perfection, with Michael Hartnett's Bull & Bear Indicator sitting at a...