Maximum Drawdown Explained: The Real Risk No Average Captures
Maximum drawdown is the worst peak-to-trough loss a portfolio has taken – the single number that captures the pain volatility hides.
Month: June 2026
NYC Pension Funds Rebid $127B Passive Equity Mandate
NYC Comptroller Mark Levine just opened the city’s $127B public equity passive indexing mandate to a competitive RFP. Bids close July 15.
DRAM Prices Climb as AI Triggers a Memory Supercycle
Morgan Stanley calls it a structural shortage. DRAM, NAND and HBM contract prices are climbing as AI servers reroute the world’s memory output.
DuPont Analysis Explained: 3-Step and 5-Step ROE
DuPont analysis splits return on equity into margin, asset turnover, and leverage so you can see whether a high ROE comes from operating skill, capital efficiency, or just borrowing.
30-Year Treasury Auction Clears at 4.84% as Demand Returns
Treasury sold $22B of 30-year bonds at 4.844% Thursday with a 2.43 bid-to-cover — average demand, a quiet rebound from May’s first-above-5% scare.
Roku Jumps 20% on Reuters Sale Report — What’s Priced In
Roku surged 20% to $143.66 after Reuters reported the streaming platform is exploring strategic options including a sale. What’s priced in.
CAPE Ratio Explained: When Stocks Are Truly Expensive
Shiller PE sits near 41, second only to the 1999 peak. What CAPE measures, when it works, when it misleads, with verified historical data.
DOJ Clears Paramount Skydance’s $111B Warner Bros Deal
DOJ cleared Paramount Skydance’s $110.9B Warner Bros takeover June 12, 2026. WBD at $26.84 vs $31 offer — a 15.5% arb spread on remaining risk.
ARM Soars 12% on BofA’s $170B Agentic AI Call
ARM jumps 12% to $384 as Bank of America’s $170B agentic AI thesis lifts the chip trio. NVDA, AMD, INTC ride the same wave.
Bank Capital Ratios Explained: CET1, Tier 1, Tier 2
What CET1, Tier 1, and Tier 2 capital ratios mean, the Basel III minimums, buffers, and why bank capital is back in the headlines.