Trade Secrets

US Stocks closed higher on Monday as Anthropic's public IPO filing revived the AI trade: the Philadelphia Semiconductor Index jumped 3.3% and the Nasdaq 100 rose 1.2% on the way to the biggest one-day gain in more than a month

Three reads frame this week: crypto's decoupling test as AI infrastructure stocks cratered; a record institutional inflow week for one spot Bitcoin ETF as the broader flow picture turns more nuanced; and a structural thesis on where stablecoin payment economics actually sit.

Graveyard season produced some selling, more than in the past few years. Why didn’t it crash? A crash is always going to be a low probability event, I had to tell that to the doctor from Brooklyn who wanted me to teach him how to recognize a crash AFTER the 2008 financial crisis was over.

US Stocks opened lower on Friday as oil pushed to a five-month high and the sell-off in AI and chip stocks stayed in focus. Brent touched about $115 on Houthi attacks in Saudi Arabia, the highest since early May

US Stocks sold off hard on Thursday as AI spending fears came back within hours of the earnings meant to bury them: the Nasdaq fell 2.6% for its worst day since June and the S&P 500 lost 1.2% for its worst day since July

US Stocks closed higher on Wednesday as the AI trade got back on its feet, with the Nasdaq up 1.05% and the Philadelphia Semiconductor Index up nearly 2%. SpaceX's first public-company profit and a raised forecast from Super Micro drove the rally

learned this lesson many years ago. Just because price patterns are at the edge of the cliff looking into the abyss doesn’t mean they’ll jump. With all the chatter going on this weekend, I’m glad the black swan has not hit.

US Stocks open higher to begin an earnings week that could either stabilize the AI trade or confirm the worst fears of last week's historic chip rout, with Nasdaq 100 futures up 1.2% and S&P 500 futures up 0.5%

Together they paint a picture of a market that has snapped a three-quarter losing streak, with institutional flows reversing, on-chain yields repricing upward, and a pivotal Ethereum infrastructure upgrade now live on testnet

US Stocks closed Friday at their worst weekly levels since June as a historic eight-session rout in the Philadelphia Semiconductor Index — the longest losing streak since 2008 — finally met its oil counterpart, with Brent touching $110 for the first time since May