Weekly SitRep
+6
Jul 27, 2026
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9 min read
A reflation regime twelve weeks old, a front end at a seventeen-month high, and a tariff schedule that just became permanent.
Jul 20, 2026
6 min read
A reflation regime eleven weeks old, a runner-up that just flipped to disinflation, and a 30-year yield through 5 percent.
Jul 13, 2026
A regime nine weeks old, a 30-year yield walking toward 5 percent, and a valuation with no cushion left.
Jul 6, 2026
A labor market that just stumbled, an inflation backdrop that hasn't, and a market setting records while it buys protection.
Jun 29, 2026
A hot PCE print, a fraying oil truce, and the AI memory tax reaching consumers.
+5
Jun 22, 2026
A hawkish Fed, an oil truce already fraying, and a market still pricing calm.
Credit Markets
Jun 20, 2026
24 min read
How a 60-day diplomatic clock, a 120-day SPR delivery window, and OECD inventories at multi-decade lows converge on the same week
Jun 15, 2026
7 min read
The market booked relief the physical market can't deliver for months.
Jun 8, 2026
Payrolls doubled the forecast, and the curve flipped to a hike by December.
Jun 1, 2026
First negative equity risk premium since the dot-com era, and insiders kept selling.
May 25, 2026
8 min read
Hottest PCE on record. One page in Pakistan decides Q3.
May 23, 2026
25 min read
The Real Moats Hiding in Plain Sight, the Russia Stress Test, and Where the Dollar Actually Breaks
May 18, 2026
Inflation at all-time highs. Warsh just took the chair.
May 16, 2026
15 min read
The buffers are expiring. Stage 2 starts now.
+8
May 11, 2026
Reflation at 88%. The most decisive regime call since the system went live.
May 9, 2026
23 min read
China lost a 10-year bet
+7
Apr 27, 2026
Weekend Iran talks, April 30 GDP + PCE, mega-cap earnings, and Powell's last FOMC. All in ten days.
Macroeconomics
+2
Apr 25, 2026
20 min read
Full breakdown: fertilizer, cattle, acreage, and the Q3 re-acceleration.
Apr 18, 2026
Central banks bought 4,000 tonnes in three years. The data shows where it's going.
Apr 11, 2026
21 min read
Negative equity risk premium. Spreads lagging fundamentals. No cushion left.
Apr 6, 2026
10 min read
Gold at extremes. Equities at all-time lows. The rotation is decisive.
Mar 15, 2026
How Three Fund Crises Expose the Hidden Bank Connection
