Yesterday’s Bigger Picture, part 1 of this pair, was the supply side of the compute trade: the ‘Gigawatt Gold Rush’, and who actually pays Elon’s prices for AI compute. Today, part 2, the demand side: the bull case that compute prices go UP from here, way...

Presented by The Weekend RipHappy Weekend! Stocks pushed to records as AI leadership and easing rate fears kept investors risk-on despite war and oil-supply threats. SpaceX spending, AMD’s slowdown, and unforgiving earnings reactions tested that...

Strategy Language matters when it comes to market analysis. (tker.co) Gambling is a better business than stock brokerage. (trendlabs.com) Does valuation matter any more? (giftarticle.ft.com) Companies Berkshire Hathaway ($BRK.A) put some cash work in...

Here’s a preview of what we’ll cover this week:  Macro: Should You Trust The NFP Print? Markets: Markets Keep Absorbing The Bad News; Software Is Back; Collegium: Bad Earnings Day, Interesting Price; Semis: Easy To Mark The Bottom; Vistra Corp: AI...

Happy Sunday.. I am back in Coronado and it feels good. It has been an intense couple of weeks of travel, work, cycling and reading (I will share a few links as we go today). Of course, I only fell further behind in everything. AI only intensifies...

Also on the site Part 1 of our Q&A with Jack Raines, author of “Young Money: A Field Guide to Wealth and Purpose in Your Twenties.” (abnormalreturns.com) Part 2 of our Q&A with Jack Raines, author of “Young Money: A Field Guide...

The Bigger Picture, Sunday, August 9, 2026 We have argued for a while now that this AI Tech Wave has a unit of account besides compute tokens: Gigawatts. Power and mostly Nvidia Compute, at a current going rate of $50+ billion per Gigawatt of Power. For...

Presented by OVERVIEWHappy Saturday Welcome to the Stocktwits Top 25 Newsletter this week! The Stocktwits Top 25 reports the 25 best-performing stocks in the S&P 500, Nasdaq 100, and Russell 2000 year to date and tracks their performances over...

OVERVIEW Stocktwits Crypto Data Dive – Week 32 Welcome to the Stocktwits Crypto Data Dive for Week 32 of 2026! 📊 In this issue, we’ll dive into the data to keep you informed about the progress of the overall crypto market and shine a spotlight...

Howdy folks – Feels good to get back in the swing of things. This week, I’m closely watching DARPA’s Vertical Lift Challenge in Dayton, Ohio. The Defense Advanced Research Projects Agency’s Vertical Lift Challenge is a heavy-lift competition. Its...