Dear readers, The rate-cut daydream that carried markets through August is colliding with something less abstract this week: real geopolitics,...

Dear readers, Wall Street is dark today for Labor Day, which gives us a rare moment to step back from...

Dear readers, Yesterday's forecast was for a soft print, and the market had already positioned for it. Instead, the Bureau...

Dear readers, The number every trading desk has circled on the calendar arrives today, and nobody is pretending to know...

Dear readers, Wall Street's rate anxiety hasn't eased since yesterday. The 10-year Treasury yield pushed through 4.8%, and the Dow...

Dear readers, Two days into September, the month is already living up to its reputation as the market's toughest stretch....

Dear readers, Silicon Valley closes a chapter today. Tim Cook's final day as Apple's chief executive ends this afternoon, with...

Dear readers, Yesterday we watched Kevin Warsh open his Jackson Hole keynote and asked how markets would take it. The...

Dear readers, Yesterday we asked how markets would greet Kevin Warsh's first Jackson Hole address as Fed chair. The answer...

Dear readers, Yesterday we flagged Nvidia's earnings as the ultimate stress test for the AI trade, with a trillion-dollar valuation...