EskiSignal
Geopolitics & Market Risk
The $175 Billion Tariff Refund: How CBP’s CAPE Process Is Supposed to Work
In February the Supreme Court held that the President cannot impose open-ended tariffs under emergency economic powers. That created one...
Trends & Regimes
Market Breadth Is Narrowing While Indexes Sit Near Records
An index can rise while most of its members fall. When that happens for long enough, analysts start using the...
Bond Yields & Yield Curve
Bid-to-Cover and Indirect Bidders: How to Read a Treasury Auction
Every Treasury auction produces three numbers that tell you whether the world still wants to lend to the United States...
Bond Yields & Yield Curve
Term Premium: Why Long Yields Can Rise While the Fed Sits Still
The Fed sets the overnight rate. It does not set the ten-year yield. In 2026 that distinction stopped being academic...
CPI & Inflation Dates
July 2026 CPI Preview: What to Watch in the August 12 Inflation Report
July CPI lands on Wednesday, August 12. June’s report was the softest inflation print in years — headline down to...
Altcoins
The Altcoin Season Index: What It Measures and Where It Misleads
The Altcoin Season Index reduces a complicated question — is capital rotating out of Bitcoin into everything else? — to...
Bitcoin & Ethereum
Bitcoin Is 40% Below Its 2025 High: What Past Drawdowns Looked Like
Bitcoin sits roughly 40% below the record it set in October 2025, and the comparison being made everywhere is to...
Jobs & Labor
The Challenger Job Cuts Report: The Layoff Data That Lands Before Payrolls
One business day before the monthly jobs report, a Chicago outplacement firm publishes a tally of announced layoffs that moves...
Insider & Institutional
Price-Contingent Lockups: When a Stock Below Its IPO Price Keeps Insiders Frozen
Most IPO lockups release on a date. A smaller number release on a date and a price — the stock...