Insights
From the Insights desk
Plain-language explainers, market history, and how the Alphixir engine actually works — free to read, no signup required.
Industry
The Semiconductor Split: One Industry, Five Businesses — and How Our Strategies Size Them
Chips sold $791.7B in 2025 — yet memory spent July in a bear market while AI accelerators printed record quarters. Our first industry deep dive maps the five businesses hiding inside "semiconductors."
August 5, 2026Read →
Explainers
Why Earnings Gaps Are Unpredictable — and What to Do Instead
Nineteen earnings reports from one megacap, charted with real data: reactions from −26.4% to +23.3%, ten up and nine down — a miss that soared, beats that sank.
August 1, 2026Read →
Explainers
The 10-Year Yield: The Number That Prices Everything
It sits behind your mortgage, your stocks, and every valuation on Wall Street. A plain-language explainer on the 10-year Treasury yield — and why its move from 1% to 4.7% quietly re-rated everything.
August 1, 2026Read →
Under the Hood
The 100% Hit Rate Trap: Why a Perfect Backtest Is Usually Broken
Someone always has a signal that marked every top since 1987. A 100% hit rate isn't the flex it looks like — it's the biggest tell that a backtest is fitting the past, not predicting the future.
August 1, 2026Read →