The UAE Is Hit, Markets Fall: How the Iran Conflict Ended the April Rally
UAE intercepts Iranian missiles, Brent above $126, Dow -557 — the April rally is over. What happened, what investors should do now.
$751 Billion: Why the Hyperscaler Capex Bet Is the Largest in Tech History
One number is making the rounds in the market this week, and it’s big enough to overshadow even the Iran
Securities Lending for Retail Investors: How to Earn Extra Yield by Lending Your Stocks (2026)
Securities lending for retail investors explained: how to lend out your stocks for extra yield. Broker comparison, returns, risks & taxes 2026.
The Best April Rally Since 2020 Meets a May Week Full of Tests: What Investors Need to Know Now
S&P 500 at 7,230, Nasdaq above 25,000 — best April rally since 2020. What the May week brings: earnings (Palantir, AMD, Arm), NFP, ISM, Iran deal, Berkshire meeting.
Berkshire’s First Quarter Without Buffett: $400 Billion in Cash and a Conglomerate in Motion
First quarterly report under Greg Abel: operating earnings up 18%, net income roughly doubled to $10.1B, cash reserves approaching the historic $400B mark.
Microsoft vs. Meta After Q1 Earnings: Why the Same Capex Trend Triggered Two Completely Different Stock Reactions
Microsoft +18% revenue, +51% backlog to $392B — stock rises. Meta +33% revenue, +$10B capex guidance — stock down 10%. Why the market values the same AI capex story so differently.
Alphabet Just Solved the AI Capex Question — At Least For Now
Alphabet’s Q1 2026 print delivered the cleanest answer the market has gotten on AI capex: $109.9B revenue, Cloud +63%, and a $462B backlog. Capex guidance up, not down — supply, not demand, is the new constraint.
The OpenAI Reality Check: What the Revenue Miss Means for the Entire AI Capex Bubble
OpenAI missed its internal targets — what that signal means for the $700 billion AI infrastructure buildout, the dependency chain through Oracle and Nvidia, and how it compares to the dotcom bubble.
Markets Hold Their Breath: Fed Split, Mag7 Earnings, and the OpenAI Shockwave
A four-dissent Fed decision, Mag7 capex on a collision course with reality, and the OpenAI revenue miss that reset the entire AI infrastructure trade.
Stanley Druckenmiller
IntroductionThe Macro Investor with the Best Risk-Adjusted Track Record in History Over 30 years — from 1981 to 2010 —