James Crawford

Core CPI Ran Hot and the Longest-Duration Assets Led — Alphabet +3.05%, JPMorgan Faded

A hotter-than-expected core inflation print lifted the odds of a Fed hike next week, and the market responded by bidding Alphabet 3.05% and...

Sep 11, 2026 4 min read

Meta Adds $43.27 While Alphabet Slides — 975 Basis Points Inside the Same Ad Market

Meta gapped 5.69% higher on its new model and agent app, closing at $656.75. Alphabet opened at its session high and never traded above it a...

Sep 9, 2026 4 min read

Regulators Look at Cybercab and Tesla Loses 6% — the Money Went to AMD

Tesla shed $22.45 after safety regulators said they were evaluating the Cybercab rollout. On the same session AMD gained 4.67% — a 1,063 bas...

Sep 7, 2026 4 min read

The AI Trade Is Splitting in Two — and Thursday's 138 Basis Points Show Where the Money Went

A week of selling in Chinese AI names ended with capital moving back to traditional sectors. In New York, the same fracture appeared: platfo...

Sep 4, 2026 5 min read

Waller Killed the Hike Trade and Nine of Ten Megacaps Gapped Up — AMD Still Closed Red

A dovish Waller reset September rate-hike odds and nine of the ten largest names gapped higher. Tesla added 5.41%; AMD closed lower for a th...

Sep 3, 2026 5 min read

Biotech Printed the Day's New Highs While Microsoft Never Traded Above Its Prior Close

Halozyme, Harmony and Biogen all marked new highs Wednesday while the megacap software complex split apart. The bid is following auditable e...

Sep 2, 2026 5 min read

Warsh Went Hawkish and the Duration Trade Split in Half: NVIDIA -4.58%, Amazon +3.95%

A hawkish Fed debut was supposed to compress every long-duration multiple equally. Instead the capex-heavy names took the entire hit while t...

Aug 31, 2026 5 min read

The ECB Says the AI Rally Will Correct. Inside the Index, It Already Has

ECB researchers warned Monday that an AI-driven adjustment should be expected. The prior session's 655-basis-point spread between AMD and NV...

Aug 17, 2026 4 min read

Oil Broke Europe's Four-Week Rally — The Damage Landed on the American Consumer

Crude's surge on faltering U.S.-Iran talks ended the STOXX 600's winning streak, and the same pressure showed up in U.S. consumer names: Ama...

Aug 15, 2026 5 min read

Flat PPI Was Supposed to Lift Everything — Instead AMD Took All of It and Seven of Ten Closed Red

Wholesale prices were unchanged in July and the disinflation trade delivered exactly one winner: AMD closed +6.50% at $514.40 while the rest...

Aug 14, 2026 5 min read

Eight Megacaps Gapped Up, Eight Closed Below the Open: The Inflation Relief Was Sold

Soft US inflation data cut Fed hike odds to 40% and lifted the Kospi 4.48%, yet only NVIDIA and JPMorgan held their opening gains. Seven of...

Aug 13, 2026 4 min read

Hormuz Sent Crude 5% Higher and NVIDIA Fell 2.84% While Microsoft Rose 1.23% — Same Trade, Different Layer

An energy shock is being charged to the compute layer, not the platform layer. NVIDIA and AMD each shed roughly 2.8% while Microsoft, Amazon...

Aug 11, 2026 5 min read