Recent Digests

Market Brief(X) — Jun 15–Jun 18, 2026

2026-06-19 • twitter

Markets spent Monday through Thursday digesting a seismic pair of events: the US-Iran ceasefire memorandum and Kevin Warsh's hawkish FOMC debut.

Market Brief(X) — Jun 12–Jun 14, 2026

2026-06-15 • twitter

SpaceX debuted to $160 after touching $176, absorbing an estimated $846B in first-day volume and structurally draining liquidity from mega-cap tech — but the weekend's bigger shift was the US-Iran peace deal, which collapsed crude below $80, reset inflation expectations, and handed Kevin Warsh a dovish opening for his first FOMC.

Market Brief(X) — Jun 8–Jun 11, 2026

2026-06-12 • twitter

The trading week was dominated by a violent sentiment swing: early-week de-risking driven by SemiAnalysis-driven optics panic, SpaceX IPO liquidity anxiety, and escalating US-Iran rhetoric gave way to a sharp Thursday reversal on a Trump "TACO" (ceasefire announcement) and a better-than-feared Core CPI print of 0.2% MoM.

Market Brief(X) — Jun 5–Jun 7, 2026

2026-06-08 • twitter

The last 48 hours witnessed a historic semiconductor de-leveraging event, with Nasdaq falling over 4% and SOXX plunging 10% in a single session, driven not by fundamental breakdown but by a structural unwind of historically extreme leverage concentrations in AI and memory names that collided with a hawkish macro surprise.

Market Brief(X) — Jun 1–Jun 4, 2026

2026-06-05 • twitter

This week’s four-day window pivoted sharply from a complacent nine-day winning streak into a high-volatility liquidation event, then a rapid—but still fragile—rotation.

Market Brief(X) — May 29–May 31, 2026

2026-06-01 • twitter

The week ended with a historic rotation out of AI hardware into software, triggered by Snowflake's earnings disproving the "AI will kill SaaS" narrative.

Market Brief(X) — May 25–May 28, 2026

2026-05-29 • twitter

The AI infrastructure supercycle accelerated this week with MU crossing $1T market cap on UBS's valuation re-rating to $1,625, fueled by HBM/LTA structural repricing that rewrites memory from cyclical to growth-equity multiples.

Market Brief(X) — May 22–May 24, 2026

2026-05-25 • twitter

The weekend was dominated by an Iran peace-deal whiplash—Trump announced a near-complete agreement on Saturday, only for the White House to walk it back Sunday afternoon—but oil markets already priced the uncertainty, falling ~5%.

Market Brief(X) — May 19–May 22, 2026

2026-05-23 • twitter

The AI infrastructure capex super-cycle remains the dominant narrative, with the rally this week broadening decisively from core semiconductors into CPUs, power, solar, and even legacy OEMs like Dell.

Market Brief(X) — May 15–May 17, 2026

2026-05-18 • twitter

The weekend pivoted around one central tension: US10Y breaking above 4.6% against a backdrop of sticky inflation impulses from an unresolved Iran standoff, while the China summit delivered a "framework" without the market's hoped-for catalyst on Strait of Hormuz resolution.

Market Brief(X) — May 11–May 14, 2026

2026-05-15 • twitter

This week saw an explosive AI capex supercycle trade converge with a historic Trump-Xi summit, producing a euphoric rally that peaked mid-week before a sharp macro-induced reversal.

Market Brief(X) — May 8–May 10, 2026

2026-05-11 • twitter

The weekend was dominated by a single, deafening narrative: the semis complex transitioned from rally to climax, with storage (MU, SNDK) entering a parabolic blow-off phase that is now forcing a reckoning over whether these are still cyclical stocks or have permanently re-rated as growth.

Market Brief(X) — May 4–May 7, 2026

2026-05-08 • twitter

A relentless AI-led semiconductor rally widened and tested its limits this week, punctuated by an accelerating memory price supercycle, blockbuster earnings from AMD, and a macro tailwind from potential US-Iran de-escalation.

Market Brief(X) — May 5, 2026

2026-05-05 • twitter

The dominant narrative across the feed is the accelerating structural squeeze in AI infrastructure—from TSMC’s 3nm capacity to DRAM supply—creating a clear customer hierarchy where consumer electronics gets rationed while hyperscalers and GPU vendors lock in supply.

Market Brief(X) — May 4, 2026

2026-05-04 • twitter

The market is pricing a Goldilocks convergence: liquidity improving post-tax-season, AI infrastructure demand accelerating, and geopolitical risk bid fading on perceived US-Iran negotiation progress.

Market Brief(X) — May 3, 2026

2026-05-03 • twitter

The dominant narrative remains structurally bullish on AI infrastructure, epitomized by Anthropic's staggering revenue trajectory—from $10B to $90B ARR in a single year—and sustained by relentless capex from hyperscalers.

Market Brief(X) — May 2, 2026

2026-05-02 • twitter

The past 24 hours reinforce a market increasingly bifurcated between an unrelenting AI infrastructure buildout and the first subtle signals that Big Tech's capital allocation model may be approaching an inflection point.

Market Brief(X) — May 1, 2026

2026-05-01 • twitter

The market rallied through a 3.5% PCE print, OPEC+ rupture, and yen intervention as Apple's China beat and the unshakeable AI capex narrative overpowered macro headwinds.

Market Brief(X) — April 30, 2026

2026-04-30 • twitter

The "Super Wednesday" of Big Tech earnings has decisively shifted the AI narrative from speculative promise to industrial-scale execution, with $700 billion in combined capex signaling a "capacity-constrained" rather than "demand-constrained" environment.