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Andrew Martin

A company holding 43,000 BTC says the market is in an "early spring." The Nov. 3 tape disagrees.

A company holding 43,000 BTC says the market is in an "early spring." The Nov. 3 tape disagrees.

Can an asset be a safe haven if it sells off on the same headline that lifts oil? That is the question the Nov. 3 tape forces, as a company sitting on 43,000 BTC calls Bitcoin resilient while the flows tell a colder story: a second straight day of

"Expected to be the largest debut ever. It's not a company — it's a stress test for every chip deal in AI."

"Expected to be the largest debut ever. It's not a company — it's a stress test for every chip deal in AI."

Nvidia rose 2.4% on news of Anthropic’s IPO filing — a strong business performance hides commitments buried deep in the prospectus that should actually concern investors Anthropic filed its S-1 on October 26, 2026, plans to list on Nasdaq under ticker ANT, with shares trading as early as

The part of Meta's Q3 report everyone missed? The cost to insure its debt just spiked.

The part of Meta's Q3 report everyone missed? The cost to insure its debt just spiked.

A 7% drop and ~$124B of market cap wiped out. The beat didn’t matter. The story wasn’t the revenue line — it was the capex floor, the long-term lease commitments, and the spike in Meta’s CDS. The AI trade is now priced at the bond desk. Sponsored

A billionaire just admitted he's too biased to decide his own deal. The minority investors who approved it anyway?

A billionaire just admitted he's too biased to decide his own deal. The minority investors who approved it anyway?

Picture a celebrated "diversified innovation" holding that is actually one concentrated bet on a single man. That is exactly what Musk's proposed Tesla–SpaceX merger would create — a single ticker that absorbs two wagers many investors treat as separate line items and fuses them into one

When credit and equity disagree about the future, credit usually wins. And right now, credit is screaming.

When credit and equity disagree about the future, credit usually wins. And right now, credit is screaming.

AI-related shares rebounded from a sharp selloff last week, with easing oil prices and Treasury yields lifting investor optimism — but the question isn't whether demand is there, it's whether the market will keep financing the buildout. The S&P 500 and Nasdaq had just

Wells Fargo says AI is a boom. Citi flags the selloff as a downside threat. One of them is wrong.

Wells Fargo says AI is a boom. Citi flags the selloff as a downside threat. One of them is wrong.

The world's biggest tech stocks just got a brutal stress test, and the result was a $1 trillion global wipeout. KOSPI 200 fell more than 8%, Nikkei 225 dropped 4.9%, and Nasdaq dropped 1.9% — all triggered by the same thing: a credit market most equity investors

Treasuries just stopped protecting you. The hedge you thought you owned is now concentration dressed up as balance.

Treasuries just stopped protecting you. The hedge you thought you owned is now concentration dressed up as balance.

Stronger-than-expected US inflation data should have sent Treasury yields soaring and tech reeling — instead the 10-year yield FELL 8.2 basis points to 5.106% while tech cratered, because an AI growth scare now overrides inflation as the market's master switch. The AI selloff drove