Newsletter
Private Credit Under Fire: Risks, Realities & the BDC Buying Opportunity
A CE Credit Webinar with White Wolf Capital
Latest
Newsletter
The Nasdaq Is Falling. Your Income Doesn't Have To.
How a Daily 0DTE Covered Call Strategy on QQQ Turns Tech Volatility Into a Paycheck
Global View
The Strait Is Open. The Crisis Isn’t.
Record Highs, an Oil Collapse, and a Ceasefire That Expires Tuesday
Closing Thoughts for the Week
Record Highs, Record Earnings, and a Strait That May or May Not Be Open
KEY HIGHLIGHTS • The S&P 500 surged 4.5% to close at 7,126, its first record high since January, while the Nasdaq gained 6.8% and posted its longest winning streak since 1992 at 11 consecutive sessions. • Major bank earnings exceeded expectations across the board, with JPMorgan reporting
Leaders-Laggards
All-Time Highs and the Tech Inflection
Below is an assessment of the performance of some of the most important sectors and asset classes relative to each other with an interpretation of what underlying market dynamics may be signaling about the future direction of risk-taking by investors. The below charts are all price ratios which show
Macro Observations
The cost of missing one signal
Let me give you a specific number. In September 2025, three of the four primary intermarket signals in the paid dashboard shifted to risk-off. The Lumber/Gold ratio had already broken down weeks earlier — a signal I’ve tracked as a leading indicator of growth expectations for years. Paid
Newsletter
TODAY: This could be the “Netscape Moment” for the Space Economy
Dear Investor, Before the morning of August 9, 1995, the Internet was just something academic researchers and tech nerds talked about. Many people on Wall Street thought it was a fad. Then… Netscape went public. Netscape’s IPO didn’t just launch an internet company; it forced every institutional desk
Newsletter
This could be the “Netscape Moment” for the Space Economy
Dear Investor, Before the morning of August 9, 1995, the Internet was just something academic researchers and tech nerds talked about. Many people on Wall Street thought it was a fad. Then… Netscape went public. Netscape’s IPO didn’t just launch an internet company; it forced every institutional desk
High Yield Spotlight
PIMCO Puts Its Best Credit Manager in a CEF. The 11.6% Yield Comes With a Clock.
HIGH YIELD SPOTLIGHT Why PDO is one of the most interesting income vehicles in closed-end funds right now — and why the premium, the leverage, and the 2033 termination date all matter more than most investors realize. Every week, we'll profile a high yield investment fund that typically
Macro Observations
What 10,000 paying subscribers already know
More than 10,000 people pay for this newsletter every month. A meaningful portion of them are financial advisors, portfolio managers, and institutional allocators. These are not people who pay for content casually. They’ve decided the intermarket signal framework here is worth incorporating into their process. Here’s what
Newsletter
The signal that called the September rotation
<p><em>In September, the Lumber/Gold ratio broke down.</em></p> <p>Not the S&P. Not the VIX. Not any headline you would have seen on CNBC. The Lumber/Gold ratio — one of the most reliable leading
Global View
The Ceasefire That Resolved Nothing.
A Two-Week Pause, a $19 Oil Crash, and Islamabad’s Historic Failure