Find your trading tool
Answer a few questions, get matched to real platforms.
Take the quiz →Market Intelligence Watchlist
Gold's 30% Correction: A Story About Inflation, Oil, The Dollar and Changing Expectations
The Last Movie Star: How Tom Cruise Redefined Four Decades of Hollywood
Four decades, five different registers, one constant: audience trust. From Jerry Maguire's vulnerability to Mission: Impossible's stunt-driven commitment, Tom Cruise built a career few others have matched, and Maverick proved he's not done yet.
Oracle's Default Insurance Hit a Record 227 Basis Points in September. Microsoft, Amazon, and Alphabet's Barely Moved.
Oracle's cost of insuring its own debt against default hit a record near 227 basis points in late September, up sharply from well under 100 earlier in the cycle, while Alphabet, Amazon, and Meta are paying almost nothing extra despite spending just as aggressively on AI infrastructure. Bond markets have already picked a side in the AI capex race, and S&P's own downgrade came only after the market had been pricing it in for months.
Bitcoin Gained 33% Since July. Buyers From Last October's Peak Are Still Down 33%.
Bitcoin's three-month rally looks strong until you check when the buyer got in. A year-over-year view shows Strategy sitting comfortably in the green while last October's buyers, and Friday's leveraged longs, are still underwater.
Japan and the US Spent Up to $85 Billion Defending the Yen in July. The Dollar Index Hit an 18-Month High Anyway.
A rare coordinated intervention briefly rescued the yen from a 40-year low over the summer, but the relief lasted barely two weeks. Now the dollar is breaking out to fresh highs and Tokyo is signaling it would rather lean on growth policy than spend billions defending the currency again.
Markets
Gold's 30% Correction: A Story About Inflation, Oil, The Dollar and Changing Expectations
Oracle's Default Insurance Hit a Record 227 Basis Points in September. Microsoft, Amazon, and Alphabet's Barely Moved.
Oracle's cost of insuring its own debt against default hit a record near 227 basis points in late September, up sharply from well under 100 earlier in the cycle, while Alphabet, Amazon, and Meta are paying almost nothing extra despite spending just as aggressively on AI infrastructure. Bond markets have already picked a side in the AI capex race, and S&P's own downgrade came only after the market had been pricing it in for months.
Japan and the US Spent Up to $85 Billion Defending the Yen in July. The Dollar Index Hit an 18-Month High Anyway.
A rare coordinated intervention briefly rescued the yen from a 40-year low over the summer, but the relief lasted barely two weeks. Now the dollar is breaking out to fresh highs and Tokyo is signaling it would rather lean on growth policy than spend billions defending the currency again.
Crypto
Bitcoin Gained 33% Since July. Buyers From Last October's Peak Are Still Down 33%.
Bitcoin's three-month rally looks strong until you check when the buyer got in. A year-over-year view shows Strategy sitting comfortably in the green while last October's buyers, and Friday's leveraged longs, are still underwater.
Bitcoin ETFs Have Pulled In $3 Billion Over Eight Straight Days. The Price Still Can't Clear $85,000.
Eight straight days of Bitcoin ETF inflows have added up to roughly $3 billion, but Monday's addition was just $31 million, a fraction of the $2.39 billion the funds pulled in the week before. The price still can't close above $85,000, the same level JPMorgan pegs as the average cost to mine one coin.
Bitcoin Spent 45 Weeks Below One Line on Its Chart. Then $2 Billion Showed Up in ETFs.
Bitcoin closed above its 50-week moving average for the first time since November, a level that's marked the end of four of its last five bear markets. Over $2 billion followed into spot ETFs within three trading sessions, a sharp reversal from the outflows the same funds saw just a week earlier.
The Weekly Macro Deep Dive
One analytical read on the narratives moving markets. Every week.
Subscribe on Substack