Notifications
Get notified
One push a day, no spam — the Daily Pulse on weekdays, the Weekly Signal on Sunday, and a short portfolio note on Saturday. Turn on browser notifications below, or follow on WhatsApp or Substack Notes. Off again in one tap, any time.
Browser notifications
Off. One push a day — the Daily Pulse on weekdays, the Weekly Signal on Sunday, a short portfolio note on Saturday. Nothing else, no spam. Turn it off here any time.
WhatsApp: 1–3 broadcasts a day · editorial only. Substack Notes: 3× a day live notebook. Unfollow anytime.
Recent
- Weekly Signal 2026-09-20Bitcoin — New Life for the Coins and the Stocks
- Pulse 2026-09-19Hypergrowth — Nebius Bought Back $13 Cheaper and Four Calls Sold Over the BookOne book traded this week and it traded on Monday; a second closed one line on Thursday. Hypergrowth bought back the 50 Nebius shares it had sold on Friday, 13 dollars cheaper, and wrote four covered
- Pulse 2026-09-18Carry Trade — Why Higher US Rates May Be the Bull Market’s InsuranceThe Bank of Japan raised its policy rate to 1.25% on Friday morning, the highest in 31 years, and the yen fell to 157 anyway. That is the second hike of the week and the first one a currency ignored,
- Pulse 2026-09-17Rates — Numerator, Denominator: Why the Path Matters More Than the LevelThe Federal Reserve raised rates on Wednesday and said more is coming; the 10-year Treasury yield closed at 5.006%, the first close above 5% of this cycle. Software was sold a third day, gold was sold
- Pulse 2026-09-16Rates — What a 5% 10-Year Costs: Yardeni’s Multiple, the Fed’s Dots and the AI TradeThe Federal Reserve decides at 18:00 UTC with the 10-year Treasury yield at 4.996%, its highest close since October 2023 after printing 5.008% on Tuesday morning. A quarter-point hike is priced; a cyc
- Pulse 2026-09-15Real Rates — What TIPS and the Credit Tape Say About the AI Build-Out Before the FedEvery part of the AI trade is priced off one number this week, and it is not the Fed funds rate. The 10-year real yield — the Treasury yield after inflation, read from TIPS — stood at 2.60% on Friday,
- Pulse 2026-09-14AI Trade — Premium or Volume? The Labs Ask for a Slowdown, the Physical Layer Pays FirstOn Saturday Anthropic’s chief executive asked the AI industry to slow the rate at which models grow more capable; on Sunday OpenAI’s chief agreed, committed to outside evaluators and set aside an IPO
- Report 2026-09-14AI Economy — Three Futures for 2030, and the One the Model Leaves Out
- Weekly Signal 2026-09-13Cybersecurity — Sold on Price, Bought on Flow
- Report 2026-09-13Google and RSI — The Loop Nobody Has Closed
- Pulse 2026-09-12Micron Out, SK hynix In: Hypergrowth Rewrites Its Memory Line and Rolls a Call 120 Points HigherOne book traded this week and it traded on one day. Hypergrowth wrote ten lines on Friday: it closed Micron and Qualcomm, sold a quarter of its Nebius, opened Lumentum, SpaceX and SK hynix, and bought
- Pulse 2026-09-11Oil settles at $107.63 and energy stocks fall anyway — on fourteen big oil days since May the sector rose every time; Thursday it didn’t, and here is what that saysBrent crude settled at $107.63 on Thursday, up 5.9%, its second close above $100 in two days, and the US energy sector ETF fell 0.6% — as much as the S&P 500. On the fourteen sessions since May in whi
- Pulse 2026-09-10Producer prices rise 0.4%, 5.4% on the year, with oil at $105 — what today’s PPI and Friday’s CPI actually measure, and why the Fed reads them in this orderUS producer prices for August rose 0.4% from July and 5.4% from a year earlier, the fastest annual rate since May, while the core measure rose only 0.2%. The print lands with Brent above $100 for the
- Pulse 2026-09-09Oil hits $100 and Europe sells off 2% — Wall Street opens with memory chips up and almost everything else downBrent crude traded above $100 a barrel on Wednesday morning for the first time since July after the United States sank Iranian tankers and Iran said it hit ships in the Strait of Hormuz. Europe sold:
- Pulse 2026-09-08Inflation week: the market prices a 60% Fed hike, our structural monitor reads 49 and flat — the pressure is oil, not wages, and bonds have already paid for itProducer prices Thursday, consumer prices Friday, and fed funds futures already put a quarter-point Fed hike on September 16 at about 60%. Our structural inflation monitor reads 49 out of 100 as of la