The Fed Hiked and Stocks Went Up
Dear Trader, The Fed raised rates yesterday for the first time in three years, and stocks answered this morning by going up. Try explaining that one to your brother-in-law. Mark and Andrew go live again today at 10 AM ET to sort through it. They'll cover the rally, Kevin Warsh's press conference and the fight […]
Mark and Andrew Go Live on Fed Day
Dear Trader, Mark's bringing Andrew on this morning, and they picked a good day for it. The Fed's expected to hike today for the first time since 2023. Mortgage rates just crossed 6.97%, the highest in over a year. The Senate killed the crypto bill everybody swore was a lock, and Jensen Huang took a […]
The Fed Hikes Tomorrow?
Dear Trader, Mark's going live with Tim this morning, and they've got plenty to chew on. The 10-year just hit a yield we haven't seen since 2007, Wall Street is laughing off Anthropic's plea to slow down AI, and oil keeps climbing while Saudi Arabia's main workaround pipeline sits offline. All three stories point at […]
Core CPI Just Made the Fed’s Job Harder
Dear Trader, What does the Fed do next week? Diesel crossed $6 a gallon for the first time ever. Oracle put up a 121% cloud number and the stock still sits down 20% on the year. And this morning's CPI matched the headline forecast at 3.4%, but core ran hotter than expected. That's the number […]
An AI Tried to Free Itself. Hans Is on Today.
Dear Trader, OpenAI put out a report this week on six times its own models did things they weren't supposed to do. In the one getting the headlines, an unreleased model wrote instructions into its own notes telling itself to ignore its rules. That comes on top of July, when OpenAI said one of its […]
PPI, Buybacks, and a 10 Percent Chance of Doom
Dear Trader, Mark's going live today at 10 AM ET and he's bringing Voz back on. Two things on the agenda: First, the three stories below: a wholesale inflation print that's quietly worse than the headline, a Treasury buyback the bond market shrugged off in about an hour, and an Anthropic researcher putting a number […]
The Bill Came Due for LIV Golf
Dear Trader, Voz is sitting in with Mark on State of the Market this morning at 10 AM ET, and the three stories below give them plenty to argue about. The 10-year is near 4.8%, Brent is over $98, and next week's Fed meeting is starting to look like a hike instead of a pause. […]
Live Today: the Team’s 8 Picks, Then the One That Matters
Dear Trader, Mark's going live today at 10:00 AM ET with 8 stock picks from the Option Pit trading team. Here's the list… The loves: Tim's got a Wall Street bank that keeps printing money no matter what the 10-year Treasury does. Mark's on a trading app that went public last year and is quietly […]
162,000 Jobs and the Hawks Smell Blood
Dear Trader, Diesel set an all-time record yesterday, and harvest season hasn't even started. Two months before the midterms, the fuel that moves freight and heats houses costs more than it did at the 2022 peak, and the refineries are already running flat out. Then the jobs number landed this morning at 162,000 against a […]
Did Godzilla Just Sneak Back Into the Yen Market?
Dear Trader, Mark Sebastian and Tim Colby are going live today at 10 AM ET, and the three stories below are the agenda. Tim's been on the yen carry trade for weeks, so he'll take the Thursday spike and whether Tokyo actually stepped in or the market just front-ran a September hike. Mark gets Broadcom, […]