THE PEACE PREMIUM IS A LIE
THE PEACE PREMIUM IS A LIE Monday, April 13, 2026 | Asset | Price | Move | |---|---|---| | Crude Oil (WTI) | $104.78 | +8.50% today | | S&P 500 (futures) | 6,781 | −1.08% today…
THE PEACE PREMIUM IS A LIE Monday, April 13, 2026 | Asset | Price | Move | |---|---|---| | Crude Oil (WTI) | $104.78 | +8.50% today | | S&P 500 (futures) | 6,781 | −1.08% today…
The Slow Dismantling of a Continent's Last Industry There is a particular kind of decline that happens in plain sight and still goes unnoticed until the numbers make denial…
A Eulogy for the Digital Gold Thesis April 11, 2026 Gold is at $4,768. Bitcoin is at $72,204. Someone on the internet is calling this a validation. It isn't. Gold has been…
TOKYO HAS SEEN THIS MOVIE BEFORE. IT DID NOT END WELL. There is a particular cruelty to Japan's situation right now that gets lost in the daily churn of Hormuz headlines and S&P…
Please be advised that everything is fine. The S&P 500 is up 2.5%. The Dow added 1,325 points. Brent crude fell 13.4% to $94.68 in a single session. Bitcoin crossed $71,000.…
The World's Hardest Asset Is Held Hostage by a 21-Mile Strait There is something cosmically embarrassing about Bitcoin's 2026. The asset that was supposed to be beyond the…
The Cruelest Data Point Imagine designing a stress test for central bankers. You would want a jobs number that comes in at nearly three times expectations, dropping on a day…
Good News. Terrible News. Same News. The jobs report came in at 178,000 on Good Friday, while the stock market sat dark and the bond market traded in a half-coma. Nobody could…
Here is what actually happened in Q1. The S&P 500 finished down 4.6% for the quarter, which is the index's worst first quarter since 2020. That would be mildly uncomfortable…
The Plumbers Are Winning There is a version of this story that Bitcoin maximalists will hate, and it goes like this: the most consequential crypto development of the week…