Dear readers, Yesterday we asked whether the numbers would confirm the thesis or complicate it. The answer, delivered in a...

Dear readers, Yesterday we wrote that the next 48 hours would answer the question this market has been deferring for...

Dear readers, On Saturday we wrote that the market wanted software margins to justify the hardware bill. On Wednesday, it...

Dear readers, On Thursday we wrote that the market was sorting companies into two bins — ad-tech giants printing 50%-plus...

Dear readers, On Monday we wrote that two economies were running on two different clocks — the physical one hostage...

Dear readers, On Saturday we wrote that the market had stopped caring about the physical war and found something else...

Dear readers, On Friday we wrote that the burden of proof sat squarely on the bulls — that a rally...

Dear readers, Yesterday we noted that the gap between Polymarket's 99.9% confidence in a US-Iran resolution and actual diplomatic reality...

Dear readers, Yesterday we traced the AI revolution's binding constraint down to power lines, water permits, and a factory complex...

Dear readers, Yesterday we described a widening gap between the physical economy and the digital one — consumer confidence at...