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Daily Briefing — August 20, 2026 | The Treasury Steps In, Yields Fall, Then Iran Sends Them Right Back Up
The Treasury Department's surprise move to more than double its long-dated debt buybacks sends yields sharply lower and stocks rallying Wednesday, only for the relief to reverse Thursday after President Trump vows a "crushing economic operation" against Iran and sends oil prices higher again. We cover why the 30-year Treasury yield's climb to a near-20-year high forced the government's hand, Moderna's roughly 140% surge on strong trial results, and South Korea's Kospi jumping nearly 6% in a single session on the same lower-yield tailwind. We also cover bitcoin's dramatic swing, briefly topping $71,800 before paring gains, as crypto reacted to this week's bond-market drama even more sharply than equities did, and Procyon's Massimo Santicchia on the growing tension between strong fundamentals and a genuinely higher cost of capital. This episode is for informational purposes only and does not constitute financial, investment, legal, or tax advice.
17 Aug 2026
Daily Briefing — August 17, 2026 | A Paused Core Conflict, New Regional Flashpoints, and a Big Week for Retail Earnings
Markets waver Monday after fresh violence in Lebanon and a deadly Houthi strike on a cargo ship in the Red Sea, even as the core exchange of strikes between the US and Iran remains paused and Jared Kushner pursues Gaza ceasefire talks with Hamas in Egypt. We cover the ongoing dispute over the real state of shipping through the Strait of Hormuz, Goldman Sachs' more cautious read on US consumer spending heading into a major week of retailer earnings from Home Depot, Target, and Walmart, and a $22.9 billion Navy contract for Raytheon tied directly to the conflict's toll on US munitions supplies. We also cover Wednesday's planned White House meeting on crypto regulation with SEC and CFTC leadership, and China's Unitree completing a record-breaking humanoid robotics IPO on Shanghai's STAR Market. This episode is for informational purposes only and does not constitute financial, investment, legal, or tax advice.
15 Aug 2026
Weekend Briefing — August 15, 2026 | A Sharp Retail Sales Miss, a 25-Year-High Bond Yield, and the Week That Split the Economy in Two
July retail sales fall a sharp 0.6%, and consumer sentiment deteriorates further, closing out a week where the S&P 500 still notched its first-ever close above 7,800 and a third consecutive winning week. We unpack the genuine puzzle underneath it all: falling Fed rate-hike odds paired with the government's highest 30-year bond yield in 25 years, and fresh Goldman Sachs scrutiny over how hyperscalers are financing their AI infrastructure buildout after Broadcom's 6% weekly slide. We also cover SanDisk's big investor-day rally, Cisco and Applied Materials both falling despite strong results, gold's continued climb past $4,430 an ounce, and a strong week for media stocks alongside fresh takeover speculation around Workday. We close with a preview of next week's major retailer earnings from Home Depot, Target, Walmart, and others, and a look ahead to Nvidia's highly anticipated August 26th report. This episode is for informational purposes only and does not constitute financial, investment, legal, or tax advice.
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