Weekend Edition
Saturday Weekend Edition — October 24, 2026
The cost and timing of fulfilling demand: uneven expansion remains financeable while energy, investment and payment delays compete for cash. Base 49%, Bull 13%, Bear 38%.
The week sharpened the distinction between demand, the financing required to deliver it, and the cash eventually collected. The S&P 500 lost about half a percent on the week while the Russell 2000 gained 2%, and the 10-year par yield ended Friday at 5.00%.