Pips for Breakfast
The moves, the mayhem, and the lessons that still matter.
Pips for Breakfast: April 6, 2026
The US labor market is apparently immune to geopolitical stress, which is a nice change of pace for everyone except the bears.
Pips for Breakfast: April 5, 2026
The US labor market just grew three times faster than anyone expected, which is a polite way of saying the analysts' models are currently about as useful as...
Pips for Breakfast: April 3, 2026
It is NFP day on Good Friday, because the Bureau of Labor Statistics decided the only thing better than high-impact volatility is high-impact volatility in a...
Pips for Breakfast: April 2, 2026
Donald Trump managed to speak for quite a while without adding a single new piece of information, a feat of verbal gymnastics that has left markets remarkably...
Pips for Breakfast: April 1, 2026
Market participants are currently debating whether another tanker hit in the Gulf is a geopolitical crisis or a very dark April Fools' prank.
Pips for Breakfast: March 31, 2026
China’s factory activity is officially back in expansion mode, which is great news for everyone who enjoys buying things that come in shipping containers.
Pips for Breakfast: March 30, 2026
The Japanese fiscal year is ending, which means a lot of people in suits are currently moving money around to make their balance sheets look less embarrassing.
Pips for Breakfast: March 29, 2026
Secretary of State Rubio put a four week expiration date on the war with Iran, which is a level of confidence usually reserved for people who buy milk three...
Pips for Breakfast: March 27, 2026
Trump paused energy strikes on Iran for ten days, giving markets just enough time to worry about whether day eleven comes with an apology or an explosion.
Pips for Breakfast: March 26, 2026
Russia decided gold is too shiny to share, and the Middle East is looking for a reason to sell anything that isn't a safe haven.
Pips for Breakfast
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