Good morning, The Santa Claus rally has officially arrived. U.S. stocks hit fresh all-time highs last week, finally giving bulls the year-end celebration they were betting on. It is a welcome shift in momentum as we head into a shortened trading week to close out the year. The real
Good morning, President-elect Trump is eyeing Greenland again. After floating the idea years ago, he recently stated "we have to have it." It is a bold geopolitical play that frames the Arctic as the next frontier for resources and security. Whether Denmark is willing to sell is a
Bill Ackman is back to his old tricks, but this time the target is extraterrestrial.
Good morning, The numbers are getting silly. OpenAI is reportedly in talks to raise a staggering $100 billion. If that checks out, it would value the company at nearly $830 billion. It is a clear signal that the AI arms race is moving from "expensive" to "sovereign
Good morning, The opaque world of private credit is about to get a lot less secretive. A former insider from Egan-Jones has launched Transparency Analytics. This new ratings firm is designed to shine a light on shadow lending. It is a bold play in a market that usually thrives on
Good morning, The long-awaited jobs report is finally out, and frankly, it is a mess. The data is muddied enough to spark fresh economic fears and send stocks sliding for a third straight day. Meanwhile, President-elect Trump is set to interview Governor Chris Waller for the Fed Chair role, signaling
Good morning, The government is officially entering the chat for top-tier talent. The U.S. has launched a "Tech Force" specifically designed to pull AI experts into public service. It is a clear signal that Washington finally understands that code, not just policy, will dictate the next decade.
Good morning, We are down to the finalists. Donald Trump has reportedly narrowed his list for the next Fed Chair to two names: Kevin Warsh and Kevin Hassett. The market is watching this race closely, and even Jamie Dimon has weighed in with his pick. Meanwhile, the broader market is
Good morning, Hedge funds are dusting off the old appraisal arbitrage playbook, while the US trade deficit has tightened to a five-year low. Biotech funds are on an absolute tear, foreign capital is fleeing Asian markets, and exchanges are eyeing derivatives for private assets. Meanwhile, Larry Ellison just saw $25
Good morning, SpaceX is teasing a public listing that could trigger a massive $3 trillion wave of IPOs. Meanwhile, Oracle got hammered on earnings, CVC is setting up its next generation of leaders, and Lazard’s CEO believes lobbying is now a non-negotiable part of closing deals. On the macro
Good morning, SpaceX is eyeing the history books with a potential $1.5T valuation IPO, while Balyasny flags AI as a major risk for 2026. Bankers are swamped with IPO prep, and Goldman says the private equity engine is roaring back. Meanwhile, the race for the next Fed Chair is
Good morning, Paramount has officially launched a $108B hostile bid for Warner Bros. Discovery, looking to crash Netflix's party. Our thoughts are with the junior bankers whose holiday plans just evaporated. Getting started. The Pulse Markets * US stocks pulled back yesterday as traders nervously eyed the upcoming Fed