All Publications

2 days ago

The Rhyme: Alphabet Burns $9 Billion in Cash & Its 2000 Echo

Twenty-six years ago, almost to the week, a New Jersey campus called Murray Hill watched the greatest infrastructure buildout of its era begin to eat its own children.

3 days ago

The Rhyme: Hot Inflation Data Traps the Fed & Its 1994 Echo

The morning after Chair Warsh held rates, the BEA handed him numbers that made December nearly certain. Thirty-two years ago, the same arithmetic preceded $1.5 trillion in global bond losses.

4 days ago

The Rhyme: Fed Day Collides With Big Tech Earnings & Its 2018 Echo

The Fed holds at 3.75%, Warsh speaks at 2:30, and $218 billion in expected revenue hits the tape tonight. The last time this calendar collision happened, the S&P lost a fifth of its value by Christmas.

5 days ago

The Rhyme: Brazil's Record Crash After Lula Wins & Its 2002 Echo

The Ibovespa fell 15% and trading halted. The real lost 12% in a single session. It has happened once before — and what followed rewrote the emerging-market record books.

6 days ago

The Rhyme: Iran Mines Rip Through Tankers & Its 1987 Echo

In July 1987, the S&P 500 was 87 days from its worst single-session collapse in history. Nobody filed the first mine under finance. The Hormuz crisis is on Day 241.

1 week ago

The Rhyme: Anthropic Files the Largest IPO Ever & Its 2012 Echo

When the defining company of a new technology era goes public at the largest valuation Wall Street has ever seen, into a market already cracking, the IPO becomes a referendum. Facebook proved that — and the stock lost 53% before it proved anything else.

1 week ago

The Rhyme: Musk's $3.5 Trillion Mega-Merger & Its 2000 Echo

In January 2000, the largest deal in history landed 60 days before the Nasdaq peaked. This time, the Nasdaq peaked 14 days before the deal was announced.

1 week ago

The Rhyme: Trump Waives Russia Sanctions, Oil Crashes & Its 2018 Echo

In November 2018, the identical move — a presidential waiver on oil sanctions — sent WTI from $76 to $42 and the S&P to its worst December since the Depression. The Fed meets in seven days.

All Publications

The Rhyme: Alphabet Burns $9 Billion in Cash & Its 2000 Echo

The Rhyme: Hot Inflation Data Traps the Fed & Its 1994 Echo

The Rhyme: Fed Day Collides With Big Tech Earnings & Its 2018 Echo

The Rhyme: Brazil's Record Crash After Lula Wins & Its 2002 Echo

The Rhyme: Iran Mines Rip Through Tankers & Its 1987 Echo

The Rhyme: Anthropic Files the Largest IPO Ever & Its 2012 Echo

The Rhyme: Musk's $3.5 Trillion Mega-Merger & Its 2000 Echo

The Rhyme: Trump Waives Russia Sanctions, Oil Crashes & Its 2018 Echo

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