Pips for Breakfast
The moves, the mayhem, and the lessons that still matter.
Pips for Breakfast: April 9, 2026
Donald Trump is questioning the point of NATO again, which is a bit like questioning the point of an umbrella while it's pouring. It keeps things spicy for the...
Pips for Breakfast: April 8, 2026
The US and Iran decided to stop throwing stones for two weeks, and oil prices responded by falling off a cliff.
Pips for Breakfast: April 7, 2026
New Zealand commodity prices are surging because the world is currently on fire, and the RBNZ is about to decide if that’s a good enough reason to stay boring.
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
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