Deus Ex Machina?
Hey, um, “The Capex Catch-22“, an article published here on Tuesday afternoon, was an election
Irrepressible
You can’t keep it down. Naive hopes for a return to democratic normalcy and starry-eyed,
In Other News: Scorching ‘Job Changer’ Pay Gains, AI Disruption
It’s all about politics on Wednesday, but if you care about the macro, the ADP
The Capex Catch-22
Free cash flow. It’s all about free cash flow. Or, more to the point, lack
Someone’s Got Work For You
Jobs. They’re out there if you want ’em. Allegedly. According to Tuesday’s only notable US
Tech Got No Love This Earnings Season
“Mr. Market,” who Benjamin Graham famously described as “cray-cray” (that’s not exactly how he put
Have The Hyper-Scalers Lost Their Minds?
For the first time, I’m starting to wonder if hyper-scaler management might’ve lost the plot
Apple Sets A Bunch Of Records. Misses In China
Apple on Monday reported higher-than-expected overall sales during John Ternus’s first quarter at the helm.
Debbie Downers Amid The Renaissance
Ok, whaddawe got goin’ on here, some macro I have to cover? Choices, choices. Tempting
Sell-Side Sarcasm: New And Improved!
Everybody relax, Mike Wilson says it’s gonna be ok. That’s sarcasm, obviously, but if you
Let’s Talk Blue Waves
This week, Americans will pretend they still have a say in who governs them, and
Polls, Projectiles And Payrolls
The marquee event this week is obviously the US midterms. You can read my (deliberately
Weekly: The Leveraged Buildout (Speculative Gravity Control)
Nobody likes to hear “I told you so,” even when it comes from someone, in
The Problem, In A Nutshell…
Investors are genuinely concerned that these companies are in the midst of destroying some of
What’s What And WTF?
Alphabet was on track Friday for its worst week since March of 2020, during the
Oil, Dammit!
Oil, goddammit! Oil. I remember chatting about it (oil) early in 2020 with a guy
The Arbitrageur
I’m (not) rich “All’s well that ends well. I mean, I’m rich now. So
My Goodness: Amazon Spent Some Money
Cue the Ren & Stimpy horse: “No sir, I don’t like it.” Amazon said after
Lagarde Versus Le Pen?
I’m not going to pretend any of you care about Christine Lagarde’s “early” exit from
‘Remains Elevated’
Inflation. It’s high. “Remains elevated,” as the Fed puts it in every FOMC statement, as
Dissembling Strategery
Dissembling. That’s one word — and probably the only one you need — to describe
Alphabet Whiffs, Microsoft Hits
Big numbers, everybody. Big numbers. Alphabet and Microsoft reported quarterly results after the bell on
Mona Lisa’s Smirk
The Kevin Warsh Fed, which is so committed to restoring price stability as defined by
An ARM And A Leg
Congratulations to Donald Trump and Scott Bessent on a — checks notes — 13bps drop
The Tragic Irony Of The Israeli State
I won’t bury the lede. The tragic irony of the Israeli state is that it’s
You must be logged in to post a comment.