The archive

• Mon 24 Aug 2026

  The Footnote Problem

  Plus: Tesla won a permit for 5,000 driverless taxis and had its best week since May.

• Sat 22 Aug 2026

  The Accidental Rally

  Plus: oil books a second weekly gain while Washington promises Iran an "economic D-Day".

• Fri 21 Aug 2026

  The One-Day Rescue

  Plus: Walmart beat on profit, raised its guidance, and had one of its worst days in years.

• Thu 20 Aug 2026

  Washington's Two Minds

  Plus: a cancer vaccine trial worked, and Moderna nearly tripled in a day.

• Wed 19 Aug 2026

  Memory Loss

  Plus: Klarna beat on revenue and profit, and the shares fell 23% anyway.

• Tue 18 Aug 2026

  The Long Bond Says No

  Plus: the US-Iran ceasefire expired and oil moved about 40 cents.

• Sat 15 Aug 2026

  The Consumer Blinked

  Plus: Reddit joins the S&P 500 on Tuesday, and index funds have no say in the matter.

• Fri 14 Aug 2026

  A Point Short

  Plus: Bill Ackman has bought Netflix again, four years after it cost him a fortune.

• Thu 13 Aug 2026

  Exactly On Script

  Plus: Cisco, of all companies, is having the best year of its modern life.

• Wed 12 Aug 2026

  The Hike Question

  Plus: On Holding posted its best gross margin on record and lost a fifth of its value in a day.