Daily Brief

Every issue,
as it was sent

35 issues

08:00 ET on every market day, ninety minutes before the open. What subscribers read that morning, published here the same day. Each row carries the session's leading and lagging sector.

Week of Oct 05
Cenovus bids $5.8B for Athabasca; Anthropic IPO pinned to Nov 9
Week of Sep 28
Marvell's $120B Google deal widens AI lane; jobs report tests a 5.29% 10-year ▲ Energy +1.95% ▼ Consumer Discretionary −0.03% Micron's $54B blowout and Nvidia's $235B buyback vs a 5.26% 10-year ▲ Technology +0.64% ▼ Consumer Staples −1.53% FICO craters 26.5% on FHFA pricing overhaul; Micron prints today ▲ Utilities +1.17% ▼ Energy −0.90% Crusoe builds Google's Texas campus; oil premium rebuilds into PCE week ▲ Health Care +0.33% ▼ Communication Services −1.58% Hormuz deal rejected; 10-year hits 5.18% as steepening extends ▲ Industrials +0.95% ▼ Energy −0.89%
Week of Sep 21
Oracle invokes force majeure; 10-year tops 5% as curve steepens ▲ Communication Services +1.27% ▼ Materials −1.19% AI Capex Boom Continues as Custom Silicon and Photonics Ramp ▲ Energy +0.96% ▼ Utilities −1.92% AI Capex Boom Continues as Custom Silicon and Photonics Ramp ▲ Materials +1.65% ▼ Financials −1.97% AI Capex Boom Continues as Custom Silicon and Photonics Ramp ▲ Communication Services +3.56% ▼ Materials −0.56% AI Capex Boom Continues as Custom Silicon and Photonics Ramp ▲ Technology +0.82% ▼ Utilities −1.42%
Week of Sep 14
AI Capex Boom Continues as Custom Silicon and Photonics Ramp ▲ Technology +2.25% ▼ Financials −0.09% Fed Delivers First Hike Since 2023; Focus Shifts to Follow-Through ▲ Technology +0.10% ▼ Energy −2.88% Fed Set for First Rate Hike Since 2023 at Today's FOMC Decision ▲ Energy +2.17% ▼ Consumer Discretionary −1.75% Fed Verdict Looms as Oil Holds Near $100 and Tech Slides ▲ Communication Services +2.19% ▼ Technology −1.81% FOMC Week Opens With Tech Leading, Energy Lagging ▲ Technology +1.32% ▼ Utilities −0.31%
Week of Sep 07
Sectors Split as CPI Looms, Fed Hike Odds Rise ▲ Communication Services +0.60% ▼ Materials −1.23% Energy Alone Holds Green as PPI Looms, Qualcomm Lands $60B Deal ▲ Energy +0.83% ▼ Industrials −1.51% Oil Spikes on US-Iran Tanker Strikes, Health Care Slammed ▲ Energy +1.11% ▼ Health Care −2.52% Rigetti's $100M Grant, Oil Risk, and a Narrow Tape ▲ Technology +0.70% ▼ Consumer Discretionary −1.33%
Week of Aug 31
Fed Hold Bets, Jobs Day, and a Fading Oil Spike ▲ Financials +1.56% ▼ Energy −0.74% Dell's $60.9B AI Order Book Lifts Chips as Real Estate Lags Yields ▲ Materials +1.69% ▼ Real Estate −0.70% Iran Strikes Deepen Oil Rally as Yields Pressure Tech ▲ Energy +1.27% ▼ Consumer Discretionary −1.72% Iran Strikes Reignite Oil Trade, Yields Push Higher ▲ Energy +2.04% ▼ Communication Services −1.35% Warsh's Hawkish Jackson Hole Turn Flattens the Curve ▲ Communication Services +1.42% ▼ Technology −1.55%
Week of Aug 24
Nvidia's Beat Buys One Green Sector, Nuclear Names Keep Sinking ▲ Technology +3.16% ▼ Consumer Staples −1.38% Nvidia's Beat Meets a Falling Multiple ▲ Industrials +1.09% ▼ Health Care −1.00% GDP, PCE, and Nvidia All Land Today ▲ Technology +0.94% ▼ Energy −1.66% Nvidia's Losing Streak Meets Memory Chip Shakeout ▲ Consumer Staples +1.70% ▼ Technology −1.78% AI Capex Keeps Climbing as Cash Flow Cracks ▲ Materials +2.14% ▼ Utilities −2.28%
Week of Aug 17
Energy Holds, Everything Else Slides as Curve Steepens ▲ Energy +0.27% ▼ Health Care −1.87% Health Care Leads, Chips Lag as Gold Rips to $4,511 ▲ Health Care +3.51% ▼ Technology −1.07% Warsh's Hawkish Testimony Flips the Rate Narrative ▲ Energy +1.76% ▼ Technology −2.47% Nvidia's $500B Capital Play Meets a Hawkish Fed Turn ▲ Energy +1.08% ▼ Communication Services −1.89% Hyperscaler Capex Hits $600B as Fed Odds Shift ▲ Energy +1.39% ▼ Health Care −0.60%