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Latest issue
Meta spent more cash than it made: free cash flow went from +$10.6 billion a year ago to -$2.1 billion.
2026-10-25 · 11 min read
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Wall Street Is Quietly Betting on a Recession
PaidInflation came in hot twice this week, and bonds rallied both times. The first crack showed up in AI credit.
2026-10-18 · 11 min read
The Market Insured the Wrong Risk.
Paid2026-10-10 · 12 min read
The Price of Money Is Back to 2002.
Paid2026-10-04 · 12 min read
Fear Moved to Bonds
2026-09-27 · 14 min read
The Index Is Fine. 70% of Its Stocks Are Not.
2026-09-20 · 15 min read
A Fed Hike Is Now 80% Certain. Nine Sectors Already Paid for It.
2026-09-13 · 11 min read
The Index Is 1% From Its High. The Market Under It Is Already Correcting.
2026-09-06 · 12 min read
Energy Was Dead Money. It Just Made 7.7% in a Week.
2026-08-16 · 4 min read
Gold Had Its Best Week Since January.
2026-08-09 · 10 min read
This Market Pays Proof and Sells Promises.
2026-08-02 · 14 min read