All the money went one place
Technology funds pulled in roughly $190 billion over the past twelve months. The next best sector managed about $55 billion, and
Trade Idea · Copper
The Good Doctor
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The AI + Inflation Case
110,000 tonnes of new
Two Stocks, $1.4 Trillion
Since earnings season began on July 13, Microsoft and Nvidia added $1,414.8 billion of market value between them. The other 71 tech
Gold And Bitcoin Evict The Chip Funds
GLD and IBIT just reclaimed spots in the Top 10 most-traded ETFs, bumping out semiconductor funds that dominated all summer
Trade Idea: Anti-Debasement
Gold is up 38% in twelve months. Bitcoin is 37% off its high. One structured note. Two anti-debasement assets.
On August 18, US
Americans would rather live by a nuclear plant than a data center
A year ago, 43% of Americans were open to a data center being built near their home. Now it is
Zero Panic Days
2026 has not had a single 80% NYSE downside volume day. The average year sees 21. The current streak of 185 consecutive days without one is the
Growth Note · IWM / IWN
Small caps won this year. They're still priced like they didn't.
Small caps beat the S&P by eight points this year and still trade at
Everything Made A High
The NYSE Composite, the median US stock, the average S&P 500 stock, large caps, mid caps and small caps all closed at new highs on the
One In Three Peaked
More than a third of stock markets around the world made new 52-week highs last week, the best showing since February. The percentage of US
Live Trade: SMH / XLE / XLU
America now spends more building AI than building homes.
US investment in data centers and computing hit about $455 billion annualize
AI is a good scapegoat
Artificial intelligence was the single most-cited reason for announced US job cuts in July at 10,970, and 112,713 so far this year --
