Dear readers, On Thursday we wrote that next week's bank earnings would be the sorting mechanism—that loan-loss provisions would reveal...

Dear readers, Two days ago we argued that the digital economy's moat is widening—that regulatory windfalls and AI-powered platforms are...

Dear readers, Yesterday we argued that America's boardrooms are pricing in geopolitical risk and moving anyway—writing $24 billion checks while...

Dear readers, On Saturday we argued that the market is applying a structural discount to anything that must obey the...

Dear readers, Yesterday we argued that two economies are diverging inside a single payroll report—one physical, one digital. Today the...

Dear readers, Yesterday we wrote that tomorrow's March jobs report would sharpen the picture—that the granular shifts in payrolls would...

Dear readers, On Monday we argued that the winners of 2026 would be companies whose profit margins are functionally indifferent...

Last Tuesday we argued that the investment playbook for 2026 demands three filters: the ability to compound earnings amid structurally...

Dear readers, On Saturday we closed with an observation about physical constraints—blocked shipping lanes, sold-out memory chips, smuggled semiconductors—that no...

Dear readers, On Friday we wrote that the Fed had effectively admitted it cannot narrow the range of plausible outcomes—that...