Letters

May 21, 2026 · Morning Chronicle·≈ 2 min read

Morning Chronicle — May 21, 2026

Good morning and welcome to today's market chronicle. It's Thursday, May 21, 2026. Nvidia just reported the most astonishing quarter in the history of American capitalism, and…

May 20, 2026 · Morning Chronicle·≈ 2 min read

Morning Chronicle — May 20, 2026

Good morning and welcome to today's market chronicle. It's Wednesday, May 20, 2026. The bond market has apparently decided that it is done being polite about any of this. Three…

May 19, 2026 · Morning Chronicle·≈ 2 min read

Morning Chronicle — May 19, 2026

Good morning and welcome to today's market chronicle. It's Tuesday, May 19, 2026. Once again, the leader of the free world has saved the world from himself, and markets are…