I get asked a version of the same question almost every week: “Is this where things start to fall apart?”…
I get asked this all the time. It’s a fair question.And I have a straightforward answer: No. But if you…
Good morning, friends — As you know, I typically wouldn’t send two emails within a week. But it’s also not…
With two trading days left in 2025, this is the right moment to step back and assess what actually mattered this…
Markets don’t usually turn on headlines.They turn on liquidity. Over the past three years, the financial system has been quietly going…