Q-Theory In A Time Of AI
In an era of AI and some capital is intangible, average q is likely to be mismeasured, and even more unlikely to be representative of marginal q.
Small Caps Just Hit All-Time Highs While Nobody Was Watching
Small caps are now setting up to outperform large caps over the next one to two months.
Options Market Expectations For The FOMC
For options expiring tomorrow afternoon, we see a peak probability around the 6,900 level.
