American Airlines Is the Cleanest Short in a Sector Under Siege
Four U.S. carriers have cut 2026 guidance on fuel. With Brent at $113 and no hedges, airlines are where energy profits go to die.
Newmont Mined Gold at $1,454. Spot Just Hit $3,987.
The debate inside every commodities desk this morning is not whether gold is broken. It is whether the drop below…
Your book is inside
A note from our friends at Tradewins(ad) Blane Markham here, with an alert! If you still haven’t saved your copy…
Dalio: We’re in a Debt Death Spiral
October 23, 2026 Bonus Content: OpenAI’s $1.25 Trillion Price Tag Tests AI Valuations A note from our friends at Decentralized…
Spotify’s Margins Keep Growing. That Changes the Case.
With 306 million paying subscribers and €3.2B in trailing free cash flow, Spotify is starting to look less like a growth bet and more like a compounding business.
Canada’s $6.2 Billion Lifeline Won’t Save Auto Stocks. A Court Case Might.
A Section 338 tariff lawsuit is the real variable for GM, Ford, and Stellantis.
The KOSPI Rout Has Reached Korea’s Central Bank
Something changed Thursday that most markets coverage will miss. The KOSPI fell 3.52% to 5,533.77. The Nikkei 225 dropped 2.65%…
One hour trading?
October 22, 2026 Bonus Content: NextDC’s $2 Billion Wipeout Starts With a Neighbourhood A note from our friends at Base…
Bitcoin Can’t Hold $85,000. ETF Outflows Explain Why.
BTC is about 34% below its October 2025 peak, and spot ETFs keep bleeding cash.
Tesla’s Recycling Plant Is Becoming Its Own Mine
With over 14,000 tons of batteries recycled in 2025 and a Texas refinery now operating, Tesla is building a materials pipeline few rivals can match quickly.