Market Intelligence
- Earnings Daily

- First to Market
Thank Goodness for Bond Vigilantes
GOOD MORNING! The age-old adage that stocks follow bonds has always guided the smart investors. The turmoil this month seems to indicate that bond vigilantes might be guiding even one of the most powerful men on Earth to back down. After Liberation Day turned sour, stocks sold off, so did...
- Earnings Daily
First to Market
Fannie and Freddie Wanna Grow Up
GOOD MORNING! A fictional President once observed that "decisions don't get to the desk of the President unless they're 49/51. I spend my days splitting...
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First to Market
Science Shmience?
GOOD MORNING! Since the end of World War II, the federal government has funded basic research into any number of obscure, seemingly esoteric subjects. In...
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First to Market
Commodities Atrocities
GOOD MORNING! The ongoing commodities bull market has everyone’s attention this year. But it has commodities traders annoyed. Metals like gold and copper have hit...
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- First to Market
Attention Active Investors
GOOD MORNING! It’s easy being a passive investor. You buy a low cost index fund, kick up your feet and relax. And over the past many years, the markets have rewarded you for that—for not trying too hard. But this year’s chaos has raised questions about whether it’s finally time...
First to Market
The Birth and Death of Trends
CHART OF THE DAY GOOD MORNING! Many are plagued by the eternal question — how long can a trend remain cool before becoming cringey? We...
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First to Market
Mom, It Stings
EDITOR'S NOTE: DEAR READERS, WE'RE MAKING THIS NEWSLETTER MORE INTERACTIVE, INVITING YOU TO SHARE YOUR THOUGHTS ABOUT THIS OR ANY PREVIOUS _FIRST TO MARKET_. SELECTED...
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First to Market
Trying Being a Kid
EDITOR'S NOTE: DEAR READERS, WE'RE MAKING THIS NEWSLETTER MORE INTERACTIVE, INVITING YOU TO SHARE YOUR THOUGHTS ABOUT THIS OR ANY PREVIOUS _FIRST TO MARKET_. SELECTED...
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First to Market
Yummy Collateralized Burrito Obligations?
CHART OF THE DAY GOOD MORNING! Buy-now-pay-later is coming for your overpriced burritos. Financial tech company Klarna, which has made a name for itself in...
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