Highlights
Recent News
Optics Run Hot as Chip Leaders Pause for Breath
Dear readers, The AI trade is changing leaders. Optical suppliers are still climbing, while the classic chip names are consolidating....
SpaceX Hits the Carriers, Medicare Stars Lift Humana
Dear readers, The S&P 500 closed its third straight weekly gain on Friday, just below Tuesday's record. The more telling...
OpenAI’s Miss Exposes AI’s Debt Load as Yields Climb
Dear readers, One number from OpenAI was enough on Thursday to push the semiconductor index down 3.4 percent. Chip stocks...
Banks Slump 13% Ahead of Profit Gains of Up to 20%
Dear readers, Oil above $105 a barrel on reports of possible US strikes on Iran is weighing on markets, and...
Popular
Net Worth
Consumer Strength Meets Bond Market Stress Ahead of Q4
Dear readers, Yesterday's newsletter tracked the leverage propping up this rally from beneath. Today the pressure comes...
Borrowed Bull: Record Margin Debt Meets a Record Foreign Inflow
Dear readers, Yesterday we asked whether hyperscalers' AI spending would ever generate enough revenue to justify itself....
Software Over Silicon: Microsoft’s Bet to Monetize the AI Boom
Dear readers, Signs of de-escalation in the Middle East are giving markets room to exhale heading into...
Shell’s Gas Ambitions Meet Buyback Discipline as LNG Canada Talks Take Shape
Shell's share price is holding near the top of its range even as crude markets swing violently,...