Forget the Anthropic IPO Allocation
Dear Trader, Everybody and their brother-in-law wants a piece of the Anthropic IPO. Most of them won't get shares at the offer price, because those usually go to the big funds and the banks' favorite clients long before you or I get anywhere near a buy button. Mark Sebastian has no plans to sit around […]
Voz Brings a Stock She Loves and One She Can’t Stand
Dear Trader, Andrew Giovinazzi's taking Mark's seat on today's show, and he's bringing Olivia Voz on as a special guest. Voz is showing up with a stock she loves and one she'd happily never hear about again. Her two picks go on the table next to the 10 the team already brought. Andrew's starting with […]
Andrew and Tim Take on a Weak Jobs Print
Dear Trader, The Fed's stuck in a spot nobody wants. S September brought just 29,000 new jobs, and unemployment crept up to 4.2%. Meanwhile, 10-year and 30-year Treasury yields sit at their highest levels since 2002, and Brent oil's back above $100 a barrel. A weak jobs report usually gives the Fed room to back […]
Everybody Signed It. Did Anybody Read It?
Dear Trader, Anthropic wants to go public at a valuation north of $2 trillion, and it handed investors about 80 pages on how its own product could go wrong. I'd bet most buyers skim right past that section on the way to the revenue growth. Then yesterday, the CEOs of the biggest AI companies signed […]
Who’s Paying $2 Trillion for This?
Dear Trader, We've wanted a look under Anthropic's hood for months, and the IPO prospectus just landed in Reuters' lap. The growth numbers look wild. A couple of lines further down had us wondering who's going to pay $2 trillion for this thing, and we put the details in the SIREN below. Mark Sebastian hosts […]
Mark and Hans Follow the AI Money Live Today
Dear Trader, For most of the last decade, Akamai was the company that made websites load faster. Nobody ever brought it up at the bar. Then Anthropic signed an $11.6 billion deal with it Thursday afternoon, and the stock added as much as 20% before dinner. Meta's having a week of its own. Shares climbed […]
Washington’s Diesel Fix: Duct Tape on a Blowout
Dear Trader, The 30-year Treasury yield touched 5.4% this morning, its highest level since 2004. Back then, the hottest phone in America flipped open and Facebook only let in college kids. We went through today's headlines looking for a reason to expect yields to come back down, and we came up empty. Diesel hit a […]
Warsh Might Not Be Done
Dear Trader, Last week, Kevin Warsh raised rates a quarter point. Andrew wanted a pause, got a hike instead, and he hasn't been shy about how he feels about it. Now the OECD says that hike probably won't be the last. The Paris-based group bumped up its inflation forecasts for nearly every major economy and […]
Meta Got Paid. OpenAI Wants a Rulebook.
Dear Trader, Mark and Hans go live today at 10 AM ET, and the whole show comes down to one question: who's getting paid for AI, and who's still asking? Meta got paid. The market handed it $192 billion in a single session because a two-week-old app hit the top of the App Store. That's […]
Mark’s Going Live With 10 Names Today
Dear Trader, Every week the Option Pit trading team hands Mark Sebastian 10 tickers: five they love and five they'd leave at the curb. Mark goes live today to walk through all 10, and he'll hit the three stories below while he's at it. We've seen the list, and we can tell you this much… […]