The 34K Economy Nobody Priced In
July’s job loss is bad. The revision cascade that brought the 12-month average to 34,000 is the real alarm.
General
Bessent Says the K-Shape Is Dead. The Data Disagrees.
The Treasury Secretary declared the income divide over on CNBC. Atlanta Fed wage data, Moody's spending figures, and a bifurcated…
Oracle Is Down 67%. The $638B Backlog Is Real.
Cloud infrastructure grew 93%. Revenue is guided to $90B. The stock trades at about 14 times forward earnings. So what…
The Market Has Closed Three Open Files. It Shouldn’t Have.
Hormuz is still burning, the Fed just produced its most fractured vote in a decade, and a rare earth clock…
Intel Beat Q2 by $1.7B. The Stock Fell Anyway.
The market sold the income statement and bought the fear. The real question is what the foundry transformation is worth.
Amazon Has a $25B Chip Business. Wall Street Just Noticed.
The stock jumped after earnings. Options now face a harder question.
The OVX Just Hit 3x the VIX. Energy Stocks Are Cashing the Check.
When commodity volatility runs at triple equity volatility, refiners, integrated majors, and upstream producers stop being cyclical plays and start…
The Hormuz Trade Is Not Done
The options market is still pricing oil volatility at crisis levels even as Brent pulls back. Here is what that…
LVMH Lost 70 Million Customers
The stock is still down 29% from its peak. H1 results beat a low bar. The real problem runs deeper.
The Global Tariff Regime Just Changed Overnight
Three simultaneous trade actions are rewriting the rules for nearly every importer in America.