The Market in Pictures, June 12

Our team looks at a lot of research throughout the day. Here are a handful of (SpaceX-free) charts we think are good summations of investor activity, from single stock movement to tech investment and performance, US comparisons to foreign, and the balancing act...

Rearview to Windshield, June 2026

Tech Gains and AI Optimism Defy Seasonal Slumps in May: The global financial markets put on a resilient performance, shunning the traditional “Sell in May and go away” seasonal slump to book notable gains. The rally was heavily powered by blockbuster...

The Market in Pictures, June 5

Our team reviews a vast amount of market research and economic data every day. This week’s selection highlights the resilience of the labor market, the broadening dominance of technology flows, and the underlying shifts in U.S. infrastructure and business creation....

Are Data Centers the New Canals?

Three boom and bust stories from American capital history. None of them is a forecast for AI. Each is here for what it says about how a portfolio survives whichever outcome arrives.   In the 1830s, every state legislature in America agreed that canals were the future...

The Market in Pictures, May 29

Our team looks at a lot of research throughout the day. Here are a handful of charts we think are good summations of investor activity, from stocks catching up with earnings, to the AI impact and US dominance, to FOMC expectations and trillion-dollar companies. Have a...

The Bond Environment Entering the Warsh Regime

Treasury Curve Movements   The yield curve today looks drastically different than the beginning of the year. The largest increases have occurred in the belly of the yield curve, with 2s rising the most at a 59 bp increase since the start of the year, with lesser...