UBS Is Threatening to Leave Switzerland
September 26, 2026 The merger-with-a-foreign-bank talk that moved markets this week is most likely leverage, not a plan. When UBS…
What You’re About to See Shouldn’t Exist (see photo)
September 26, 2026 Bonus Content: Nscale Asks Investors to Trust Two Customers at $35 Billion A note from our friends…
How the Rich Retire
September 26, 2026 Bonus Content: Japan’s Bond Yield Is at a 30-Year High. The Real Problem Is Who Stopped Buying.…
Qualcomm’s Apple Deal Protects Royalties, Not Modem Revenue
Two days of market debate over a patent renewal, not chipset sales.
Everyone Sold P&G to Buy Nvidia
September 25, 2026 Everyone Sold P&G to Buy Nvidia and Now BofA Is Flagging the Reversal Consumer staples hit a…
Mid-Caps Absorbed Wednesday’s Yield Shock. Small Caps Did Not.
The S&P MidCap 400 fell one-third as much as the Russell 2000 when the 10-year spiked to 5.12%. That gap is the trade.
Trade this between 9:30 and 10:45 am EST
A note from our friends at Base Camp Trading(ad) Hi Friend, Just wanted to let you know you can now…
Treasury Just Told You the Exit Price. Are Your Positions Sized For It?
When the deepest bond market on earth shows 3.1bp of slippage on a $70 billion auction, small-cap and leveraged positions need a liquidity stress test, not a thesis review.
16 Days. They Said 64.
September 25, 2026 Bonus Content: NextEra’s Battery Bet Is Really a Speed Bet A note from our friends at Behind…
Micron Reports Wednesday With $50 Billion on the Line
Revenue up 346% year over year, HBM4 is shipping, and a valuation that still looks cheap.