Issue No. 14 | September 29, 2026 The Quick Take… The Big-5 hyperscalers (Amazon, Meta, Microsoft, Oracle and Google) capital expenditure is projected to reach $775B–$800B by 2026 (~5% of…
Quick Take Ten-year yields hanging near 4.50%–5.00%, with the 30-year at 5.36%, look less like a spike and more like a reset in what credit costs. That climb has left…
The Quick Take Market Takeaway: Mainstream employment reports offer coincidence confirmation of current conditions, rather than functioning as predictive gauges for upcoming economic trends. Core Analysis Theme: First-release payroll numbers…
The Quick Take... The Benchmark Breakout: The 10-year Treasury yield hit 4.80% as rising energy prices and sticky core inflation expectations override hopes of a near-term Fed policy pivot. The…
The Quick Take... The capital-intensive buildout of digital infrastructure is transforming the U.S. power grid and may create opportunities for alternative investors through private credit, infrastructure debt, and other private-market…
The Quick Take Broad semiconductor and polysilicon tariffs are imposing a compounding, regressive tax across key technology and manufacturing sectors, altering historical trade flows. Massive corporate artificial intelligence expenditures and…
Issue No. 08 | August 18, 2026 This week's highlights… Federal Reserve Policy: The Fed is maintaining a "hawkish pause" with rates at 3.50%–3.75%, signaling a potential "higher-for-longer" environment due…
This week's highlights… We explore the "diversification illusion" inside passive index funds, Examine the mechanical feedback loop driving extreme market concentration, and Discuss how incorporating non-correlated alternative strategies can help…
Issue No. 06 | July 21, 2026 This week's highlights… The financial landscape is undergoing significant change. Between a highly polarized transition at the Federal Reserve and stubborn economic crosscurrents,…
This week's highlights… We explore the contrarian idea that locking up capital can be the key to maintaining long-term focus. This letter examines why many market experts now view illiquidity…