5.33 Percent for 30 Years, 2.3 Percent of Expected Inflation: What Actually Got More Expensive at the Long End
Brent crude traded near $91 a barrel on Tuesday morning, and that appeared to explain everything. Talks between Washington and […]
Market Commentary
Market analysis and commentary on current events.
One Stock, Three Doses: What Micron Meant at Coatue, Appaloosa and Situational Awareness
Three of the best-known addresses in American asset management reported the same stock on 14 August. All three held it
$1.66 Billion of Protection: Oaktree’s New Index Puts Don’t Mean What the Number Says
The largest line in the 13F that Oaktree Capital Management filed on 14 August for the second quarter of 2026
17,362 Shares Became 4.83 Million: The 13F That Describes a Portfolio That No Longer Exists
On Friday, 14 August, a firm called Situational Awareness LP filed its Form 13F with the Securities and Exchange Commission.
30 Percent of the Wafers for 13 Percent of the Bits: The Memory Shortage Is an Allocation, Not a Scarcity
On Monday morning Micron Technology came within a few dollars of trading above $1,000 a share for the first time
$580,504 in New Names, $16.8 Billion in One: Berkshire’s Quarter Is a Single Decision
Shortly after four o’clock on Friday afternoon, a document that an entire industry had been waiting on for weeks appeared
Down 0.6 Percent in the Store, Up 23 Percent in the Portfolio: The Russell 2000 Is Trading Rates, Not Revenue
On Friday the Commerce Department reported the weakest month for American retail spending in more than a year. July retail
104 Billion in the Order Book, a 50 Percent Chance of Default — Both Numbers Describe the Same Company
Within 24 hours, two companies reported quarters that did not exist in this form three years ago. CoreWeave posted revenue
2.5 Versus 3.4 Percent: The Gap Between Core Inflation and the Headline Is One Barrel of Oil
At 8:30 a.m. Eastern time the Bureau of Labor Statistics released July consumer prices, and the two numbers that matter
$6.9 Million in Revenue Buys $200 Million: Archer Pays Boeing With 19.75 Percent of Itself
On Monday a company that booked $6.9 million of revenue over the past twelve months announced it was buying a