Newsletter

Dear readers, Yesterday's story was rotation — money finding its way out of crowded AI trades and into financials, industrials,...

Dear readers, Wall Street returns from the long Independence Day weekend with a market that looks almost unrecognizable from the...

Dear readers, Wall Street shutters early today for Independence Day, but Thursday's session already wrote the headline that will carry...

Dear readers, Yesterday we flagged Thursday's jobs report as the next real test for markets riding a seasonal tailwind. That...

Dear readers, Yesterday we closed the books on a first half defined by cash flow discipline — Coca-Cola's pricing power,...

Dear readers, Yesterday we argued that the Comcast unbundling and the Mobileye acquisition shared a common logic: complexity is being...

Dear readers, On Saturday we argued that the rotation underway — away from infrastructure hype and toward durable cash generation...

Dear readers, On Friday we laid out the rotation thesis in plain terms: capital was moving away from mega-cap momentum...

Dear readers, On Wednesday we asked whether the PCE report would give the market any reason to exhale. The answer...

Dear readers, Yesterday we asked whether Thursday's PCE report would give the market any reason to exhale — and noted...