Crypto as the Marginal Buyer of U.S. Debt
Bessent’s Treasury twist swaps duration risk for rollover risk. The question is whether that trade is more stable, or just…
Finance
Rebuild the Multiple Before You Judge the Guide
Intuit's FY27 adjusted EPS of $22.88 to $23.12 is not the number the Street was modeling. It never could be.
Sentiment at 51, Spending Still Standing. Pick Your Side.
Two consumer data points this week tell opposite stories. The PCE on Friday decides which one the market believes.
IBTA’s 48% Surge Deserved a Closer Look
Ibotta returned to growth a quarter early. The bear case is still alive inside the numbers.
The $65B Number Is About to Meet an Auditor
The public S-1 could land this month. How much ARR survives GAAP scrutiny?
Safe Assets Are Not What They Used to Be
T-bills still pay. Long Treasuries are bleeding. The $7.93 trillion parked in money markets is sitting on a reinvestment clock…
PATH Is Up From Its Lows. September 3 Is the Only Number Left.
UiPath's agentic pivot is moving from pilot to production. The Q2 report will say whether the market is ahead of…
BABA Reports Thursday. The Qwen Monetization Flip Is the Test.
Cloud growth could approach 45%. The question is whether Alibaba can convert AI spending into earnings.
The Dollar Just Broke Down. Q3 Earnings Win.
Today’s retail sales shock dents the September hike case and hands large-cap multinationals an earnings tailwind Wall Street hasn’t fully…
Two Reports Just Killed the September Hike
July CPI hit 3.4% as hiring turned negative. The Fed hold case is now the consensus trade.