AWS Just Grew 37%. The Real Signal Is the Margin.
Amazon raised capex to $220 billion and free cash flow turned negative. The 39% AWS operating margin is why none of that matters the way bears think it does.
Circle Aug. 6 on Your Calendar
August 1, 2026 The Government Just Bought Stakes in Chip Startups Featured: The Government Just Bought Stakes in Chip Startups Sponsored…
Do Not Buy SpaceX Until You See This First
August 1, 2026 The AI Spending Wave Is Splitting in Two Featured: The AI Spending Wave Is Splitting in Two Sponsored…
Oracle Is Down 67%. The $638B Backlog Is Real.
August 1, 2026 Oracle Is Down 67%. The $638B Backlog Is Real. What is the market actually afraid of? Sponsored…
The Bond Market Just Voted No Confidence
Words without action pushed the 30-year to a 2007-era high. September is the real test.
AbbVie Reports Q2 Today. The Post-Humira Story Is Winning.
Skyrizi and Rinvoq have already replaced Humira. The $10.9B Apogee deal adds the next chapter.
Write This Down: A.R.M.
July 31, 2026 Three Open Files the Market Closed Early Featured: Three Open Files the Market Closed Early Sponsored Below is…
The Bond Market Just Voted No Confidence
July 31, 2026 The Bond Market Just Voted No Confidence Words without action pushed the 30-year to a 2007-era high….
Three Dissenters Just Changed Everything
The Fed held rates steady, but the 9-3 vote was the most hawkish FOMC split since 2016. September is now live.
A note about Bryan’s “Presidio Initiative” research
July 30, 2026 Apple Beat Earnings. Stock Fell. Featured: Apple Beat Earnings. Stock Fell. Sponsored Dear Reader, When Bryan Bottarelli first…