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 Human Edge

The Human Edge

This post is different. Maybe too different. I’m not sure why I’m writing it here, but these things have been heavy on my mind, so here it goes. My grandaddy has a 1976 Custom Deluxe Chevy K10. He went to be with Jesus a few years ago, but it’s still his truck. For 50...

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 Market in Pictures, May 22

Our research team parses a vast amount of institutional data and market research daily to isolate the key signals that matter. This week’s selection highlights a structural regime change in inflation, a fundamentally anchored equity rally, and the unprecedented scale...