A trusted source for over 300k investors, traders, and quants who take their capital seriously.
Apr 23, 2026
•
5 min read
Texas Instruments had its best day in 26 years. Defense stocks are down 11% this week. American Express saw airline refunds spike in April. The market is sorting winners from losers. The cost line is the cut.
Wednesday closed at records. Thursday opened with crude higher and tankers hit overnight. URI and TXN got bought on their beats. ServiceNow and IBM got sold on theirs. Tesla beat on profits, flagged capex, and faded. The rule is the same every night now. The print is the entry. The cost guide is the trade.
Apr 22, 2026
Trump extended the ceasefire. Iran seized two ships on the same day. The Nasdaq hit an all-time high. Physical oil is trading $42 above futures.
4 min read
Vance’s trip is delayed indefinitely. The ceasefire holds, but the negotiations are dead. United Airlines just priced the cost of a closed chokepoint, and the Fed is stepping back from the rescue.
Apr 21, 2026
Stocks reversed when Warsh said he never promised rate cuts. Iran still hasn't confirmed its delegation. Defense beat across the board. Amazon committed more to Anthropic. Only one of those was priced in.
The ceasefire expires tonight. Four giants report before the bell. Apple picks its next fifteen years. The tape gets both answers the same morning.
