Market Analysis
Data-driven breakdowns of equities, macro, and market structure
Forex
+1
Aug 17, 2026
•
3 min read
What Is a Yen Carry Trade, and Why Didn't Crypto Follow the Textbook Playbook This Month?
The US and Japan just ran their first joint yen intervention since 1998. Bitcoin's actual correlation data this month broke from the story everyone assumed.
Macro
+2
Aug 9, 2026
•
3 min read
What Is the Yield Curve, and Why Is This Steepening Different From a Normal One?
The 30-year Treasury yield just hit its highest level since 2007. The curve is steepening, but not the kind of steepening that's usually good news.
Macro
+2
Jul 20, 2026
•
3 min read
What Is the CFTC COT Report, and Which Version Should You Actually Read?
GBP net short just hit a record. The CFTC publishes three different COT reports, and most traders read the wrong one for currencies.
Macro
+3
Jun 13, 2026
•
4 min read
Week in Markets: SpaceX Goes Public, Inflation Hits 4.2%, and All Eyes Turn to Warsh
SpaceX surged 19% on its historic debut, CPI hit a 3-year high of 4.2%, and Warsh's first dot plot lands Wednesday. Here is everything that moved markets this week.
Macro
+3
Jun 6, 2026
•
4 min read
Week in Markets: The Streak Snaps, Chips Crack, and Rate Hike Odds Just Doubled
The S&P 500's nine-week winning streak ended on chips, an $80B Alphabet raise, and a blowout jobs report that pushed rate hike odds from 31% to 66%.
