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tmrw

One idea a week on growing and protecting wealth, written for people who already have it. Read by more than 23,000 subscribers.

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Four or five charts, plainly labeled, on what moved and whether it matters to a long-term plan. No commentary for its own sake.

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Markets & Investing

Apple Added $4.3 Trillion Under Tim Cook

Apple was worth $349 billion when Tim Cook became CEO and $4.66 trillion when he stepped down fifteen years later.

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Markets & Investing

Earnings Grew in Ten of Eleven Sectors

A war in the Gulf and a construction boom produced most of the quarter's profit growth.

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Markets & Investing

The Highest in 19 Years

The Fed has cut six times since 2024. The 30-year Treasury went the other way, to its highest yield in nineteen years.

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Markets & Investing

M&A and IPOs lead the banks higher

The six largest U.S. banks have returned roughly twice the market since the start of 2025. The deal machine is why.

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Markets & Investing

The AI Trade That Cost $45 Billion

The index finished July almost exactly where it started, yet two sides of the biggest trade of the year moved about fifty points apart.

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Markets & Investing

–$5.9 Billion

Alphabet’s free cash flow went negative for the first time in its public history. Not because the business is shrinking, but because it’s spending.

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Markets & Investing

The Cash Flow Handoff

The companies spending hundreds of billions on AI are watching their free cash flow disappear, but it’s moving somewhere very specific.

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Markets & Investing

What the First Half Says About the Second Half

The S&P is up 9.6% through June. In the 53 years the first half finished green, the second half followed three times out of four, averaging a 6.2% gain.

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Markets & Investing

All the Flows Went to One Sector

Since the March low, eleven sectors took in $19 billion. Technology took more than that by itself.

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Markets & Investing

4,400 Millionaires

SpaceX began trading as the largest IPO in American history, with thousands of current and former employees projected to become millionaires.

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Educational content only. Nothing published here is personalized investment, legal or tax advice, a recommendation of any security, or an offer to buy or sell. Views are as of the date of publication and are not updated. Past performance does not guarantee future results.

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