Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup Two things happened this week that look contradictory and aren't: the AI trade cracked, and the bond market rallied hard. Both carry the same
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup Friday's selloff in chipmakers and AI-linked stocks was the worst session since July, and it got worse into the close. This morning those
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup Oil is back above $106 a barrel, a two-week high, after strikes on Riyadh's airport put Gulf supply and Red Sea shipping back
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup Consumer sentiment fell more than expected this morning, and the detail underneath it is the real story: how Americans feel about their finances right now dropped
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. Note: I had some technical difficulties with ppublication yesterday, so I have done my best to update the letter to Tuesday's info, but I apologize if
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup The September jobs report came in badly short: 29,000 jobs added, against roughly 85,000 expected. July and August were revised down by a combined
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup Talks between Washington and Tehran stalled over the weekend, and oil is up about 4% because of it. That's this morning's headline,
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup The 10-year Treasury yield touched roughly 5.16% yesterday, its highest since 2007. That number, not the stock tape, is the story of this week,
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup Oil is falling for a fourth straight session and Treasury yields are easing back from their post-Fed highs. Cheaper energy and slightly cheaper money is
Your premarket read, what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup August inflation landed at 8:30 this morning: consumer prices rose 0.4% in the month, putting the annual rate at 3.4%. Gasoline did most
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup The number everyone was waiting for came in hot. American employers added 162,000 jobs in August against forecasts near 55,000, the strongest month since
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup Two things happened since Friday's open, and they push the same direction. Fed Chair Kevin Warsh warned at Jackson Hole that inflation's