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We’re trying out a new format for the Aftermarket Report, with much more comprehensive coverage of the data that shapes the trading day. Beyond the headline indices, we’re now tracking market breadth, new highs and lows, sector and thematic performance, delivery data, F&O…

We’re trying out a new format for the Aftermarket Report, with much more comprehensive coverage of the data that shapes the trading day. Beyond the headline indices, we’re now tracking market breadth, new highs and lows, sector and thematic performance, delivery data, F&O…

We’re also experimenting with a weekly edition of the Aftermarket Report, and we’d love to know what you’d find useful in it. Unlike the daily report, the idea here is to step back from individual trading sessions and look at the bigger picture — what changed over the week…

We’re trying out a new format for the Aftermarket Report, with much more comprehensive coverage of the data that shapes the trading day. Beyond the headline indices, we’re now tracking market breadth, new highs and lows, sector and thematic performance, delivery data, F&O…

We’re trying out a new format for the Aftermarket Report, with much more comprehensive coverage of the data that shapes the trading day. Beyond the headline indices, we’re now tracking market breadth, new highs and lows, sector and thematic performance, delivery data, F&O…

1. India’s food inflation story gets worrisome India's official retail inflation looks safe at 5.5%, but September's 7.7% spike in food inflation reveals a synchronized price surge across staples like pulses, cooking oil, and sugar. This grocery shock was temporarily masked by a…

1. The world sees a boom in Chinese yuan bonds Global banks, multinationals, and sovereigns are issuing record volumes of Chinese yuan debt, with panda bond sales topping 210 billion yuan in eight months. The rush is fueled by wide yield spreads—China’s 10-year yield sits near…

1. Taking stock of stock exchanges Reporting financial results side-by-side for the first time since NSE’s IPO, India’s two leading bourses saw quarterly revenues slip 8.5% to 11% following low volatility and disruptions from SEBI’s now-reversed Closing Auction Session. While…

1. The fractures in the streaming business Despite reporting a 12% jump in quarterly revenue to $12.9 billion and an operating margin of 31.5%, Netflix faces structural engagement headwinds as subscribers open the app less often and spend fewer hours watching. While its ad tier…

Hi everyone, I’m Mridula , and welcome to the twelfth edition of Weekly Tidbits. We read a lot of news that never makes it into a full Daily Brief story. Each week, we pick some of the best stories and add a little context. We sort them into GEIC: Global, Economy, Industry, and…

1. Reliance is reminded that it’s still an oil business Reliance reported record quarterly EBITDA of ₹62,409 crore, but roughly 80% of its ₹12,744 crore operating profit increase came solely from the oil-to-chemicals (O2C) segment as West Asia turmoil widened refining crack…

I was busy with rabbit stuff today, so my next post will be delayed until tomorrow! In the meantime, have another episode of Hexapodia, my revitalized podcast with Brad DeLong. In today’s episode, Brad and I discuss the question of whether and how to reindustrialize the United…

Markets Does the bond market have a data center concentration problem? (ft.com) How an Anthropic IPO will affect market concentration. (morningstar.com) Why are home builder stocks rallying? (trendlabs.com) Nvidia Jensen Huang is out as Nvidia ($NVDA) CEO. (semafor.com) How some…

Plus! Currency; Moving Up the Funnel; Circular Financing; L'Affairs Jensen; Assistants

Books Bri Kane talks with Kevin Roose, author of "The AGI Chronicles: The Inside Story of the Race to Create an Artificial Superintelligence." (scientificamerican.com) An excerpt from Rachel Maddow’s new book, "Department of Fate: The Promise, the Power, and the Collapse of…

Matteo Crosignani, Thomas M. Eisenbach, and Fulvia Fringuellotti As in previous years, we provide in this post an update on the vulnerability of the U.S. banking system based on four analytical models that capture different aspects of this vulnerability. We use data through…

In today’s Finshots, we look at what’s happening with Nvidia and try to reason about how this tale of two Huangs could reshape the AI industry. But before we begin, if you love keeping up with the buzz in business and finance, make sure to subscribe and join the Finshots club…

Strategy Investment success requires not blowing up in the meantime. (tonyisola.com) You can't deal with volatility without a solid plan. (awealthofcommonsense.com) We fear what we don't understand. (trendlabs.com) Finance Does anybody really need a 3x ETF? (allstarcharts.com)…

My last post was about how for the first time, I’m becoming bearish on China’s continued economic and technological outperformance. A number of people asked me whether I was similarly bearish about India. The answer is no — I’m actually more bullish on India than I have been in…

Deepening the Engineering Stack for Indian Hardware While speaking to our climate and deeptech portfolio companies we learnt about a very specific problem: Designing a product is no longer the hard part. The pain point is in translating design into production. It is tough to…

In today’s Finshots, we look at why Indian companies are increasingly investing abroad and how this affects the broader Indian economy. But before we begin, if you’re someone who loves to keep tabs on what’s happening in the world of business and finance, then hit subscribe if…

Welcome to Catalyst Watch at The Transcript, a report for paid subscribers that highlights investment themes from this week’s newsletter . Share The Transcript 1. The Democrats Rode a Big Wave Into Congress Democrats scored one of the largest midterm wins in history last week…

Plus! Models; Benchmarks; $1.4tr; Text; Ads

Donghoon Lee, Daniel Mangrum, Joelle W. Scally, Tejas Sinha, and Wilbert van der Klaauw Credit card delinquency rose sharply between 2022 and 2024, and the increase was steepest among borrowers in lower-income neighborhoods. Here, we check in on credit card performance by…

In today's Finshots, we look at how venture-backed startups and tech giants are reshaping the traditional business model of defence and why that convenience comes with a catch. But before we begin, if you’re someone who loves to keep tabs on what’s happening in the world of…

Azeem Azhar of Exponential View is an excellent blogger whom I tend to cite a lot. So it was very fun to call him up and talk to him about the AI boom, and the possibility of an AI bust! The discussion was sparked by this post of mine a few weeks ago: I don’t think we reached…

In this issue: IRR, Dollars of Alpha, or Dollars of Fees—It's often possible to earn eye-popping returns on small amounts of capital, and many investors have shown that they can fundraise past the point where they can deploy more capital effectively. Which means that every asset…

Summary: Democrats won big in midterm elections. Capital markets are working through the implications. There are some concerns that it could become harder to build datacenters, impacting the AI trade. Editor’s Note: We have reserved the sections after Macro for our premium…

Regis Barnichon and Geert Mesters Has U.S. monetary policy actually improved over time? Or was the apparent success of the modern Federal Reserve mostly the result of more favorable economic conditions and better luck? In this post, we summarize our paper , * which develops a…

Reminder: I’ll be attending the TomorrowX Summit in Austin later this month, followed by Fintech Nerdcon in San Diego. If you’re at either, please say hi. In 1969, a year after oil was discovered in Prudhoe Bay, the state of Alaska ran an auction to sell drilling rights along…

Opening a trading and demat account in India has become much simpler over the years. Resident Indians can complete the entire process online, from submitting documents and verifying their identity to signing the application, without visiting a branch or sending physical…

Welcome to Catalyst Watch at The Transcript, a report for paid subscribers that highlights investment themes from this week’s newsletter . Share The Transcript 1. The Fed is on Hold The Fed met last week and held interest rates steady. Beyond that headline, we got some insight…

Zerodha's evening wrap of the Indian session.

Three or four stories explained in depth.

One Indian business story in three minutes.

The best-written column on how finance really works.

A curated list of the day's best investing links.

The week's scheduled data releases by impact.

A second calendar with consensus forecasts.

What members of the US Congress are buying and selling.