Dear readers, On Thursday we wrote that the equity market's thesis — AI monetization and geopolitical relief outweighing the gravitational...

Dear readers, On Monday we asked whether Tuesday's consumer price data would determine if this rally had room to run....

Dear readers, On Saturday we described the companies pouring concrete and stringing power lines for AI's physical layer as capturing...

Dear readers, On Friday we wrote that the U.S. labor market had handed the service economy another quarter of runway...

Dear readers, Yesterday we noted that Friday's nonfarm payrolls report — consensus at 62,000 — would determine whether the labor...

Dear readers, Yesterday we wrote that the plumbers were waiting to get paid — that the infrastructure connecting crypto, AI,...

Dear readers, Yesterday we wrote that the software layer was demanding its share of attention and capital — that the...

Dear readers, On Friday we wrote that the AI trade was migrating from the application layer to the physical layer...

Dear readers, Yesterday we sorted Big Tech into three camps — companies converting infrastructure spending into cloud revenue, companies asking...

Dear readers, Yesterday we wrote that the market rewarded companies showing receipts and punished those showing ambition without them. That...