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Aug 18, 2026
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5 min read
The Situational Awareness unwind playbook is now public. The 30-year hit a 2007 high with AI supply named as a driver. DOJ opened an antitrust probe into a16z. National debt hits $40 trillion. And $860 billion in PE NAV is stuck.
Aug 17, 2026
6 min read
The OpenAI-Nvidia lease named the backstop architecture. VIX hit a 2026 low even as the consumer cracks. Equity wealth is now driving spending at crisis-era levels. General Atlantic refreshed its IPO paperwork. Private credit BDCs returned to the bond market.
$3 trillion in off-balance-sheet AI commitments. Anthropic anchored its IPO on a $190B 2028 revenue target. Nvidia cut its OpenAI backstop. Jane Street took a $15B loss. Stripe paid $7B for OpenRouter.
Aug 16, 2026
The Week the Capital Cost Meets the Consumer
Aug 15, 2026
The Week the AI Trade Started Pricing Its Own Plumbing
Aug 14, 2026
Retail sales fell hard and consumer sentiment hit a two-year low. Goldman is structuring Nvidia's $500B financing platform. Hyperscalers have $1T in hidden lease commitments. Q2 earnings were mostly paper gains. SpaceX closed the Cursor deal.