Wall Street gained 1,000 points because Congress changed hands and nobody told the chips bill · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Wednesday, November 4, 2026 Macro Musings · Daily Briefing · Wednesday, November 4, 2026 Wall Street gained 1,000 points because Congress changed hands and nobody told the chips bill Dow Jones Industrial Average up 7.9% April 9th, 2025. US equity markets rallied sharply following

Big Tech burned $202 billion on AI last quarter and the labor market somehow still has a pulse · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Tuesday, November 3, 2026 Macro Musings · Daily Briefing · Tuesday, November 3, 2026 Big Tech burned $202 billion on AI last quarter and the labor market somehow still has a pulse US job vacancies (JOLTS) up nearly 500,000 in September. September JOLTS data beat

The market isn't falling it's just rearranging the furniture while someone spends $104 billion on vibes · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Monday, November 2, 2026 Macro Musings · Daily Briefing · Monday, November 2, 2026 The market isn't falling it's just rearranging the furniture while someone spends $104 billion on vibes Russell 2000 up 0.22% on the day. US equity markets saw

The economy is running hot, the Fed is reaching for the thermostat, and Intel lost a third of itself · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Friday, October 30, 2026 Macro Musings · Daily Briefing · Friday, October 30, 2026 The economy is running hot, the Fed is reaching for the thermostat, and Intel lost a third of itself Business investment up 12.7% in 3Q26. A wave of US economic data

Alphabet spent so much on AI it forgot to have free cash flow and the stock had its worst day ever but sure everything's fine · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Thursday, October 29, 2026 Macro Musings · Daily Briefing · Thursday, October 29, 2026 Alphabet spent so much on AI it forgot to have free cash flow and the stock had its worst day ever but sure everything's fine Google property and equipment spending

The Fed held rates and announced fewer meetings, which is one way to reduce the number of times you disappoint people · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Wednesday, October 28, 2026 Macro Musings · Daily Briefing · Wednesday, October 28, 2026 The Fed held rates and announced fewer meetings, which is one way to reduce the number of times you disappoint people S&P 500 Fed Day losing streak: six down Fed

The economy didn't read the recession memo and now somebody's nat gas short is having a very bad day · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Tuesday, October 27, 2026 Macro Musings · Daily Briefing · Tuesday, October 27, 2026 The economy didn't read the recession memo and now somebody's nat gas short is having a very bad day median new home price up 3.9% month-over-

Oil past $115 and PMIs screaming inflationary boom but sure the hard part is semis · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Friday, October 23, 2026 Macro Musings · Daily Briefing · Friday, October 23, 2026 Oil past $115 and PMIs screaming inflationary boom but sure the hard part is semis Brent Crude Oil down 1.21% on the day. Brent crude oil prices surged above $115-$117/

Wall Street's most expensive stocks fell off a cliff and the money landed in canned soup · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Thursday, October 22, 2026 Macro Musings · Daily Briefing · Thursday, October 22, 2026 Wall Street's most expensive stocks fell off a cliff and the money landed in canned soup Caterpillar $CAT down 34% since end of first half. A sharp selloff in AI

Refineries are running like it's 2000 and your safe haven is moonlighting as a momentum trade · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Wednesday, October 21, 2026 Macro Musings · Daily Briefing · Wednesday, October 21, 2026 Refineries are running like it's 2000 and your safe haven is moonlighting as a momentum trade New York Harbor diesel crack spreads (vs Brent) down nearly $10 per barrel today.

Nobody's buying houses but everyone's borrowing $419 billion to teach robots to think · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Tuesday, October 20, 2026 Macro Musings · Daily Briefing · Tuesday, October 20, 2026 Nobody's buying houses but everyone's borrowing $419 billion to teach robots to think multi-family starts down 24.9% year-over-year. US housing data deteriorated sharply, with

The US is spending more on interest than it collects in revenue but sure let's talk about Netflix earnings · Daily Briefing

Personal Stakes Personal Stakes · Macro Brief Monday, October 19, 2026 Macro Musings · Daily Briefing · Monday, October 19, 2026 The US is spending more on interest than it collects in revenue but sure let's talk about Netflix earnings Gold down 0.51% on the day. Luke Gromen and others