Nasdaq Is About To Make Wall Street Sleepy
Starting December 6, 2026, Nasdaq will offer a trading session starting at 9 p.m. to 4 a.m. ET. The new hours, in addition to the standard 9:30 a.m. to 4:00 p.m. ET and current pre- and post-market trading sessions, would […]
The US Treasury Doubles Down On Buybacks
The U.S. Treasury announced yesterday that it will at least double its liquidity-supporting buyback operations for Treasury notes and bonds with 10 or more years to maturity. The current per-operation cap of $2 billion will rise to at least $4 […]
The Gamma Cliff: August 21st- Mark The Date
Cem Karsan is flagging August 21, the monthly options expiration (OPEX) date, as the setup for what he calls a gamma cliff. On August 21st, one of the year’s larger concentrations of monthly options open interest will expire or roll […]
AI For The People Or Meta’s Bottom Line?
Last week, we wrote two short articles within our Commentary summarizing Mark Zuckerberg’s new stance on AI. We were skeptical of his “AI for the people” essay given his track record. Thus, when we saw a recent Bloomberg editorial, Don’t […]
Weak Retail Sales Take Rate Hikes Off The Table
Friday’s weak retail sales report did more damage to the hawkish case. Sales fell 0.6% in July against expectations for a 0.1% gain. The control group, the piece that feeds directly into GDP, dropped 0.4%. That was its first decline […]
Tariff Refunds Soften The Fed’s Passthrough Warning
According to an article published Wednesday in The Wall Street Journal, more than 40 S&P 500 companies have reported roughly $9.6 billion in tariff refunds. Apple leads at nearly $2.2 billion. Nike follows at $986 million, FedEx at about $800 […]
Wall Street To Support Data Center Growth
Nvidia announced an agreement with Wall Street heavies, Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR. The six Wall Street firms will arrange more than $500 billion in third-party capital for AI infrastructure. The firms will create funding vehicles that […]
Abel Takes Charge at Berkshire Hathaway
Greg Abel just completed his first full quarter as the CEO of Berkshire Hathaway, taking the throne from Warren Buffett. In his first earnings announcement, Abel sent strong signals of a strategic pivot. Most important of these, Berkshire repurchased $4.5 […]
Leveraged ETFs: Math Often Trumps Hype
The Tweet on the right below irresponsibly suggests that if SK Hynix shares double, as Cantor Fitzgerald’s $300 target implies, a 2x leveraged fund like SKHA offers “magnified exposure” to that outcome. Assuming the stock doubles, the leveraged trade ETF […]