Latest Insights
Keeping The “K” In The Job Market
The latest labor data just dropped, and if you listen to the cheers coming from certain corners of Washington, you’d think we’d found the golden
Cloud Down, Infrastructure Up: Meet The HALO Trade
The AI trade has entered its scarcity phase, and the leaderboard is looking a little crowded for some former kings of the hill. While the
Trading Desk
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Geopolitical Risk Always Means A Rush For Havens
Escalating tensions in the Middle East are amplifying market jitters, reinforcing demand for traditional safe havens such as US Treasuries, gold and the Swiss franc. Macro investors are preparing for renewed volatility when global trading resumes, with energy markets expected to set the tone. Early
Trading Desk: “Cheap” Is Now The Most Dangerous Word In Tech Investing
If you’ve been scanning the charts lately, you might notice a glaring divergence in the tech sector. While the semiconductor giants are throwing a party that doesn’t seem to end, the application software neighborhood looks like a ghost town. Some see a “bargain-hunting” opportunity; others,
Trading Desk: Cathie Wood’s “Innovation” Hangover
If you spent the last few years listening to the gospel of “disruptive innovation,” your portfolio might currently feel like it’s been through a centrifuge. The latest data on Cathie Wood’s once-famous ARK Innovation ETF (ARKK) serves as a cold splash of water for anyone
Trading Desk: Alphabet’s 100-Year Bet On AI
In finance, there’s “long term” and then there’s “my grandkids will be retired” long-term. Google parent company Alphabet just entered the latter category by prepping a 100-year “century bond.” It’s a big move, equal parts audacious and slightly dystopian — a tech giant borrowing money
Trading Desk: Hunger Games For The Media Stocks
Welcome back to the boardroom, where the only thing thinner than the profit margins is the skin and loyalty of shareholders. If you thought the streaming wars were over, think again. We’ve entered the “Mega-Merger” phase, where the big fish aren’t just eating the little
Trading Desk: Bring On The Warsh
When the White House announced that Kevin Warsh had received the nomination to succeed Jay Powell as Fed chair, risk markets pulled back. Once again, the Goldilocks crowd that demands nothing short of perfection seemed disappointed. But critics who say the real problem with Warsh