Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Intel Trading at Dot-Com Levels: Why the Market’s Risk-On Streak Could Be the Last Rally Before a Correction
There’s a particular kind of market moment that only becomes obvious in…
Read MoreIntel Trading at Dot-Com Levels: Why the Market’s Risk-On Streak Could Be the Last Rally Before a Correction
Software Was the Greatest Business Model Ever Invented. AI Just Broke It.
Last month we asked whether the AI bubble debate was missing the point on both sides. That article was about price: concentration, circular financing, and the gap between valuations and cash flows. The weeks since have handed the market something more fundamental to chew on. A set of leaked, audited financials
One Day, 570 Points: The Market Just Remembered What a 60-Day Memo Actually Is
Three weeks ago, this blog argued that the market had priced a 60-day memo as permanent peace. The core claim was simple: crude had stripped out its entire war premium on the strength of an interim ceasefire document that deferred every hard question, while one of the parties was still visibly launching strikes. The metaphor we used was a market that had stopped paying for fire insurance while someone was still walking around the building with a lighter.
Your Index Fund Is Not Diversified: The Concentration Risk Hiding in Every S&P 500 Portfolio
You bought an S&P 500 index fund because you wanted diversification. Five hundred companies across every sector of the American economy. A broad, safe, hands-off approach to building wealth over time. That is the promise, and for decades it delivered. But as of April 2026
The New Digital Dollar Has a Secret Purpose
In the space of forty-eight hours this week, two events took place on opposite sides of the Atlantic that almost nobody in mainstream financial media has connected. On June 30, a consortium of more than 140 of the largest payment, banking, and technology companies on the planet announced a new digital dollar.
China Just Pulled the Plug on Paper Gold. The Reason Should Worry Dollar Holders
On July 24, retail gold trading through some of China's largest banks goes dark. If you are a Chinese citizen who buys and sells gold through your banking app, your access gets switched off. This is not a rumor or a forecast. The Industrial and Commercial Bank of China, the largest bank on earth by assets, announced it will stop...
Crypto vs. Cash in an Inflationary World: What the Data Actually Shows
Bitcoin slid under $60,000 this week, and the usual chorus arrived right on schedule. Half the market calls it a generational entry point. The other half calls it the first crack in a structure that was never sound to begin with. Both camps are talking their book, and neither is looking very hard at the numbers. So let us look at the numbers, because the data tells a less dramatic and far more useful story than either side wants to admit.
The “Super Bubble” Call Just Went Global, And This Time the Right People Are Making It
For three years the loudest voices declaring an AI bubble were the ones nobody had to take seriously: permabears who have been wrong about everything since 2009, and retail sceptics shouting into the void while the index ground higher. That is precisely why the market ignored them. A bubble call only matters when it comes from someone with capital on the line and a record of being early in exactly the right way. This week, that person showed up. Several of them did, on three continents, and the market is finally listening.
The Quiet Rotation: Why Capital Is Abandoning the Forever War for the AI Grid
For most of the last eighty years, the single most reliable business model on the planet was conflict. Wars created demand for weapons, justified ever-larger defence budgets, and turned every flattened city into a reconstruction contract. The product was instability itself, and it never ran short of customers. That model is now showing...
The Memory Beneath the Hype: Why the Real AI Trade Is Hiding in the Supply Chain
Everyone knows the AI boom is real. The argument worth having now is not whether it continues but where the most durable returns are hiding inside it. And right now, the data points somewhere most retail portfolios are systematically underweight: the semiconductor supply chain below the headline GPU names.
