The Space Race Heads To Wall Street Firefly Aerospace will make its public debut, filing its S-1 to list on the Nasdaq under the ticker $FLY. The Texas-based space and defense company specializes in rapid-response satellite launches, lunar landers,...

Good morning… I am trying to finish up this Sunday post quickly to catch the live Wimbledon Finals of Alcarez vs. Sinner. I have a bet on Alcarez that I placed on Robinhood. July is my favorite sports month of the year with Wimbledon and Tour De France....

Here’s a preview of what we’ll cover this week: Macro: OPEC may pause; China risk is fading; No Recession in Sight Market: Discretionary rotation; Momentum is breaking; Thematic Exposure; TSMC’s Remarkable Revenue Growth AI: Distribution as a moat;...

Bigger Picture, Sunday July 12, 2025 As we race to integrate AI into our lives by augmenting our abilities and memories, new issues are fast need our attention. Long time readers here know that my first post here on AI: Reset to Zero, over two years ago,...

Autos Porsche is having a hard time in China. (sherwood.news) Automakers went all-in on big touchscreens. They are now bringing buttons and dials back. (ft.com) Congestion pricing Congestion pricing works. (pathgolden.substack.com) Congestion pricing has...

xAI rolls out Grok 4: Elon Musk launched the latest major upgrade to xAI’s LLM AI model, Grok 4, in various sizes and capabilities. The model on first tests ranks well against comparable offerings from major peers including OpenAI, Google Gemini,...

Good morning… Stocktoberfest 2025 is back and all set for October 20-22 on Coronado. You can get your ticket and see the beginning of the lineup here. As always, we will cover a wide range of investing themes and trends as well as trading...

Strategy Investors need to understand their circle of competence. (safalniveshak.com) Brett Steenbarger, “Successful traders, I’ve found, are distinguished by the questions they ask, not just by answers they’ve come up...

The biz The New York Times ($NYT) wants to turn its writers into video stars. (vulture.com) The scam that is using an appearance on a big name podcast as bait. (thewrap.com) Economy Ezra Klein talks the attention economy with Kyla Scanlon, author of...

The fifth major LLM AI company in the US announced a major upgrade, and predictably, it’s scoring well in the ranks vs OpenAI, Anthropic, Google, Meta et al. I’m of course talking about Elon Musk’s X/xAI scrappy AI Grok of course, which rolled out Grok 4...