Scouting the Tape #27 - August 1, 2026
(Unique) macro idea generation and (insightful) market thoughts.
What a memorable week in markets, capping off a memorable month. If someone told you everything that was going to happen during July and when, and then tell you the VIX was going to print 15.99 to close the month, I sure wouldn’t have believed it. But here we are. Despite the whipsawing markets, I don’t actually think much has changed from the trajectory we’ve been writing about. This administration and environment is doing their very best to throw the kitchen sink of distractions at market participants. It’s a time to stay patient, grounded in your process and skeptical.
This week’s issue covers:
Market update call replay.
Run-rate hyperscaler financial profile.
SpaceX.
Situational Awareness.
FOMC thoughts.
Next week.
Asset allocation thoughts.
