Members only

Defense Featured

SpaceX Just Made Sovereign Defense Infrastructure Tradable

The $1.77 trillion SPCX IPO isn't a markets story. It's the publicly-tradable inception of sovereign space-based defense as an asset class — and every defense-investing thesis written before 9:30 AM Eastern is now stale.

Paid-members only

Space Economy Featured

The Space Station Gap Is Coming. China Is Counting On It.

The ISS deorbits around 2030 and its American replacements are all slipping. NASA is funding a race, China is expanding Tiangong, and there's exactly one public-market ticker on the board.

Paid-members only

Finance Featured

America's Biggest Banks Are Building a Stablecoin Killer

JPMorgan, Bank of America, Citi, and Wells Fargo are building a shared blockchain network to stop stablecoins from draining their deposit base. The fight over who issues the digital dollar will redirect trillions.

Infrastructure Featured

The AI Boom Just Hit Your Electric Bill

Starting this month, 65 million Americans begin paying record grid costs driven by data centers. The collision between Big Tech and household power bills is the new front line of the AI economy.

Finance Featured

Wall Street Built a Second Banking System. It's Starting to Wobble.

Private credit ballooned to $2 trillion by behaving like banking without the rules. Q1 2026's redemption wave was the first real test — and the next one won't be so polite.

Paid-members only

Defence Featured

The Pentagon Just Made Anduril a Prime

The Army just handed Anduril a sole-source, $20 billion enterprise contract — and two months later the Series H closed at a $61 billion valuation. The Pentagon now has a sixth prime, and the legacy five just got structurally re-rated.

Paid-members only

Finance Featured

Buying a Sports Team Used to Be Vanity. Now It's a Trade.

Two record-breaking franchise sales in 90 days turned pro sports into the highest-returning alternative asset of the decade. The smart money already figured out how to buy it without owning the team.

Geopolitics Featured

Argentina Was Supposed to Collapse. Then Milei Showed Up.

Wall Street wrote off Argentina nine times. Then inflation collapsed, GDP rebounded, the IMF wrote a $20 billion check, and Stanley Druckenmiller bought $150 million of YPF. Here's what changed — and what could still break it.

Paid-members only

Markets Featured

Wall Street's Flying Taxi Bet Reaches Its Moment of Truth

Joby and Archer are weeks from their first commercial flights — in Dubai, not New York. With $4 billion of combined cash, a graveyard of failed rivals behind them, and the FAA still moving slowly, 2026 is the year investors find out if a decade of capital pays off.

Paid-members only

Climate/Infrastructure Featured

America's Next Mining Boom Is Already Sitting in Garages

The race to recycle EV batteries has pulled in billions of dollars and some of the sharpest operators in clean energy. The math doesn't fully work yet — and that timing gap is the trade.

Paid-members only

Energy Featured

Russia Still Controls America's Nuclear Fuel

Four years into the war, Russia still controls 44% of global uranium enrichment — and the US ban it nominally faces won't bite until 2028. The trade is what happens between now and then.

Paid-members only

Finance Featured

America's Hospitals Were Sold to Wall Street. The Bankruptcies Are Just Getting Started.

Two decades of private equity dealmaking inside U.S. hospitals has produced bankrupt chains, billions in bondholder losses, and a healthcare REIT bleeding out in slow motion. The reckoning is only halfway through.

Macro Featured

Why America Can't Build Anything Anymore

The most expensive problem in the American economy doesn't show up in CPI prints. The skilled trades pipeline is broken — and it's the bottleneck under the AI build-out, the CHIPS Act, grid modernization, housing, and defense.

Paid-members only

Geopolitics Featured

The Internet Runs on 600 Cables. Almost Anyone Can Cut Them.

A handful of state-sponsored sabotage incidents have exposed the most under-protected piece of critical infrastructure in the world — and a small cluster of public companies now own the only fix.

Paid-members only

Crypto Featured

The Banks Are Coming for Tether and Circle

JPMorgan, Citi, BofA, and Wells Fargo just announced a tokenized deposit network designed to crush stablecoins at their own game — and they picked the perfect moment to do it.

Finance Featured

Wall Street Is Buying California's Burned Land

The fires destroyed roughly 16,000 California homes. Private equity and institutional buyers are now snapping up 40% of the vacant lots in Pacific Palisades, Altadena, and Malibu. A new Senate bill is trying to stop it — and it probably won't.

Members only

Markets Featured

10 Stocks Worth Watching This Week: AI Capex Reckoning Meets Hot CPI — June 8–12, 2026

A blowout jobs print sent yields back to 4.54%, Alphabet's $85B AI raise spooked the hyperscaler complex, and a May CPI poised to print near 4% lands Wednesday. Here are the ten names we are watching this week.

Paid-members only

Markets Featured

Lilium Is Dead. Joby and Archer Are Running Out of Runway.

The German leader is gone. The two US survivors are running the same math problem on a tighter clock. Why the eVTOL hype cycle is over — and what investors should actually own.

Paid-members only

Defence Featured

Why the Pentagon Is Quietly Abandoning Its Defense Primes

Anduril just signed its biggest Pentagon contract yet. Boeing missed another KC-46 deadline. The $80 billion defense reshuffle isn't coming — it's already here.

Markets Featured

The Streaming Wars Are Over. The Bundle Won.

Americans now pay $219 a month for subscriptions they barely use. Disney's bundle cut churn 34%. Netflix's ad tier hit 94M users. The streaming industry quietly rebuilt cable — and the consolidation has already started.

Paid-members only

Emerging Markets Featured

How Argentina Became the Best Emerging Market Trade in a Decade

Two and a half years into Milei's chainsaw, the macro is no longer a thesis — it's a print. Inflation cratered, growth returned, bonds rallied, and Washington wrote a $40 billion backstop. Wall Street is still underweight.

Macro Featured

The Slow-Motion Collapse of American Property Insurance

From the California fire belt to the Gulf Coast, the math that underwrites the American mortgage is breaking. The damage will not stop at the coast.

Paid-members only

AI Featured

AI's Biggest Bottleneck Isn't Chips. It's the Transformer.

Capacity prices on America's largest power grid just jumped tenfold. Federal officials are now floating breaking up PJM Interconnection. The real AI trade has moved from silicon to steel.

Geopolitics Featured

Xi Is Going to Pyongyang. He's Trying to Win Kim Back from Putin.

Xi Jinping's first overseas trip of 2026 isn't about strengthening the China-Russia-North Korea axis. It's about Beijing trying to pull Pyongyang back from Moscow — and Korean markets should be paying attention.

Paid-members only

Finance Featured

Japan Just Stopped Buying America. The Bill Is Coming Due.

Japan's savers subsidized America's debt for 30 years. That deal is ending — and the US Treasury market is about to find out what it costs to finance $35 trillion without a captive buyer.