Newsletter
Wednesday's 8:30 Print Decides the September Hike
One inflation number Wednesday morning settles whether September brings a rate hike or a hold. Your bond ladder, your mortgage math and your equity multiple all sit downstream of it.
Alpha Market Alerts
Newsletter
Your Index Fund Owns SpaceX. Nobody Asked You.
Revenue beat. Spending didn't. And if you hold a broad tech index, you already own the outcome.
Newsletter
Your Energy Dividends Just Met a $75 Barrel
ConocoPhillips just doubled its profit on a barrel that no longer trades. Pump prices haven't followed crude down. What that gap means for your energy income.
Newsletter
SpaceX Hit an All-Time Low Yesterday. It Reports Tonight
SPCX touched $104.83 Monday — its lowest price since the June IPO — then bounced to $114.
Newsletter
SpaceX Reports Tuesday. AMD Wednesday. Jobs Friday. Your Week
SpaceX's first earnings as a public company lands Tuesday with its stock down 50% from the peak and a $100B lock-up expiring Thursday — AMD and the July jobs report follow.
Newsletter
Amazon Up 7%. Apple Down 4%. The Week Just Told You Something.
Amazon Up 7%. Apple Down 4%. The Week Just Told You Something.
Newsletter
Microsoft Up 7%. Meta Fell. Same AI Bet. Different Bills.
Azure hit 43% growth and crossed $100B annual revenue — MSFT popped 7% after hours. Meta's EPS missed by 15% and raised capex again. Your positions in both just moved.
Newsletter
Microsoft and Meta Report Tonight. Capex Is What Moves Them.
Both are down 25–31% from their records despite strong revenue — and tonight's capex guidance numbers, not EPS, will tell you whether to hold, trim, or add.
Newsletter
Chips Are Selling Off Hard. Your NVDA Position Needs a Framework.
The semiconductor ETF is down 3.6% before the open. SK Hynix crashed 14% overnight. AMD's off more than 3%. This isn't random noise — but it may not be fundamental either.
Newsletter
Alphabet Beat Every Number. Stock's Flat. Here's Why
Cloud up 82%, revenue $119.8B, EPS $9.11 — but capex hit $44.9B and free cash flow went negative. Your GOOGL position just got a very specific question to answer.
Newsletter
Rubio Said Iran's Not Serious. Brent's at $94. Here's Your Read-Through
Oil's up 20% in July alone, the Strait of Hormuz stays a sticking point, and your energy names, airline stocks, and August CPI are all repricing at the same time.
Newsletter
Northrop Grumman Reports This Morning. Here's the Contested Case
NOC trades 25% below the analyst consensus price target with a record $95.6B backlog — and a cost overrun on its most important program that the market hasn't forgiven.