Stocks Mentioned Atlassian (TEAM), Alphabet (GOOG), Nvidia (NVDA), Apple (AAPL), Super Micro Computer (SMCI), Tsakos Energy (TEN), Standard Chartered (STAN.L), Methanex (MEOH), Financials sector ETF (XLF), CoreWeave (CRWV), Nebius (NBIS), IREN (IREN), Hut8 (HUT), Cerebaras (CBRS) Highlights Celebrating a big win in Atlassian Alphabet betting it all on AI Canva calls frontier AI models uneconomic "Texans must come first." Bitcoin technicals Can AI eliminate white collar jobs?

What are you buying that milkshake for? Clayton Christensen, author of The Innovator’s Dilemma, introduced the Job To Be Done approach to product marketing. The core idea was that people don’t buy products, they hire them for a specific purpose. A milkshake bought at a diner at 9 am substitutes for breakfast during a long commute. It needs to be thick so the driver can take his time with it. A milkshake purchased with lunch serves a totally different purpose. In Marketing 101

Stocks Mentioned MicroStrategy (MSTR), Nvidia (NVDA) CoreWeave (CRWV), Exodus (EXOD), JP Morgan (JPM), Amazon (AMZN), Apple (AAPL) Highlights Re-visiting the Circle (CRCL) IPO Falling property prices is better for society AI political lobbying's payoff Side hustle: ghostwriting a bitcoin travel book Meta: What do you call this chart pattern? Nigeria outperforms South Korea New York says no to new 50 MW and above data centers The Great Unwind Cross-asset returns in the 1970s M

Anyone can show you their winners. Here are two trades I got badly wrong, and why I published the losses the day I took them. I grew up playing chess, about sixty or seventy tournaments' worth. In chess, some mistakes are so bad there's no salvaging the game afterward. The technical term is a blunder. In April 2025, I told my subscribers I had made two blunders in the portfolio: NorAm Drilling, an illiquid small-cap onshore drilling stock, and EuroDry, an illiquid small-cap,

Introduction Every month, I publish a rollup containing the "best of" everything I have written over the period. As a global macro analyst and trader, I highlight and comment on the most significant news flow that comes my way. I also go live on YouTube very Friday at 10 am ET on 'The Holy Macro Show', where you can get your questions answered. However, the stock picks and complete portfolio are reserved for the premium newsletter. This month, I recommended selling bitcoin be

I bought a DRC gold explorer nobody wanted at 47 cents. Eleven months later, it was acquired for C$1.38. Here's the full story - including the part where I almost sold. Every November and December, Canadian and US investors dump their losers to book tax losses. Volume dries up, bids disappear, and good small-cap stocks go on sale for no fundamental reason. I build my watchlist all year and go shopping in tax-loss season. It's a seasonal edge that's too small and too illiquid

Introduction Every month, I publish a rollup containing the "best of" everything I have written over the period. As a global macro analyst and trader, I highlight and comment on the most significant news flow that comes my way. I also go live on YouTube very Friday at 10 am ET on 'The Holy Macro Show', where you can get your questions answered. However, the stock picks and complete portfolio are reserved for the premium newsletter. This month, I wrote up a Chinese large-cap t

"I think shrinking the [Fed] balance sheet is the wrong objective." - Fed governor Barr. With inflation through the roof, inflation expectations sky high, and the economy excluding AI in a recession, the Fed is printing money. But it's not QE anymore - the new name is RMP. Last week, Fed governor Michael Barr gave a speech defending Fed money printing. Inflation, as measured by CPI, is already higher than the Fed funds rate. The Fed is cutting rates. But that's not enough. As

Stocks Mentioned Phillips 66 (PSX), Vertex Energy (VTNR), CoreWeave (CRWV), Blue Owl (OWL), Stratasys (SSYS), DHT Holdings (DHT) Highlights Second order effects of the war Q1 2026 performance: +51% Nigeria - a surprise winner from the war Refiners lose money on hedging gone wrong Bitcoin is ready to explode Speaking of parabolas... BWET Goodbye, American dream Tops are an event, bottoms are a process SoftBank is a technical long When statistics fail Goodbye, dollar milkshake

This article presents my renewed Bitcoin buy recommendation after a long gap, covering key drivers, market conditions, risks, and my positioning approach. Unlock the full analysis for details.

Stocks Mentioned Apollo (APO), Exodus Movement (EXOD), SoftBank (9984) Highlights Mark-to-myth to mark down to zero Europe is running out of jet fuel Time to go risk off Exodus Movement Fundamentals A tough year for passive investors Is SoftBank attempting a bounce? Fed says private credit is contained March 05, 2026 Mark-to-myth to mark down to zero The cockroaches in private credit are coming into the light. Mark-to-myth accounting is being replaced with mark-to-market, lik

Stocks Mentioned Blue Owl (OWL), Nvidia (NVDA), Coreweave (CRWV), Oracle (ORCL), Meta (META) Highlights Trouble in Owl Land The Fed is worried about the private credit led AI bubble Rotate from crypto to commodities Never get emotional about a trade February 20, 2026 Trouble in Owl Land In November last year, Blue Owl tried to get rid of OBDC II by making the publicly traded OBDC acquire it. Investors balked at the deal's 20% hair cut and sent Blue Owl (OWL) shares plunging.