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Wall Street, before morning tea.
Overnight US markets, explained for New Zealand and Australian investors. Three stories, six numbers and one opinion, in the time it takes the kettle to boil.
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How this morning's snapshot read
Previous editions
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Sat 26 Sep 2026
Capacity Wanted
Plus: American households now expect prices to rise 4.6% over the next year.
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Fri 25 Sep 2026
The Excuse Note
Plus: Costco's best sales number in years had a tank of petrol in it.
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Thu 24 Sep 2026
The Good News Problem
Plus: McDonald's asks shareholders to pay for a decade of renovations.
What lands in your inbox
- 01 · Snapshot Market overview A quick overview of how the markets moved overnight.
- 02 · Three stories What moved, why it moved, and what it means this side of the Pacific Written for people with a KiwiSaver or super balance, not a Bloomberg terminal.
- 03 · The take A judgement, not a summary We say what we think. Long-term, strategic, occasionally wrong and always clear about it.