Crypto & Macro Correspondent
Elena Rossi
Elena spent six years on Goldman's macro derivatives desk before deciding she preferred writing about markets to trading them. Her beat is the messy collision between crypto, central banks, and the policy decisions that quietly reshape both. She believes most market commentary is noise, and the job is to find the signal — fast, then explain it without the jargon.
Joined Obsidian 2023
More posts by Elena Rossi
Scared to spend your retirement money? Here’s one way to get over the fear of running out.
This fear is probably going to cause you some regrets.
“They Forgot to Protect Our Industries With TARIFFS!” — Does a Trump Trade War 2.0 Loom?
There have been renewed talks about whether tariffs could send us into another phase of trade wars. And while it’s up for debate as to whether a trade war 2.0, so to speak, has already arrived, I do think that investors shouldn’t panic over concerns that further tariffs will further fan the flame that is. “They Forg
I’m 55 and retiring in 6 years. Should I be switching to Roth 401(k) contributions now?
People are still holding back on participating in Roth plans at work, Vanguard says.
Giverny Capital Asset Management Sold Ametek (AME) Due to Valuation Gap
Giverny Capital Asset Management, LLC, an investment management company, recently published its first-quarter 2026 investor letter. A copy can be downloaded here. The model portfolio fell 6.88% this quarter, compared to the S&P 500’s 4.33% decline. Over the past year, the portfolio gained 8.52%, while the index increas
NRG Energy (NRG) Hits 52-Week Low As Analysts See Upside
NRG Energy, Inc. (NYSE:NRG) is one of the undervalued infrastructure stocks to buy now. The stock’s sharp pullback has drawn attention, but the underlying fundamentals tell a more nuanced story. On June 10, 2026, NRG Energy, Inc. (NYSE:NRG) hit a 52-week low of $120.11, extending a decline of more than 20% year-to-date
What Makes Zoetis (ZTS) an Attractive Bet?
Renaissance Investment Management, an investment management company, released its Q1 2026 “Large Cap Growth Strategy.” A copy of the letter can be downloaded here. Stocks fell sharply in the first quarter due to the Iran conflict. The Energy and Materials sectors outperformed, Financials and Consumer Discretionary lagg
Increased Demand for AI Applications Boosted Texas Instruments (TXN) in Q1
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500’s -4.33% return. The fund focuses on long-term ca
PACCAR (PCAR) Gains from “HALO Trade”
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500’s -4.33% return. The fund focuses on long-term ca
Deere & Company (DE) Surged on Market Favour
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500’s -4.33% return. The fund focuses on long-term ca
APA Corporation Acquires Savant Alaska in $70 Million Deal
APA Corporation (NASDAQ:APA) is included among the 14 Best S&P 500 Stocks to Buy Now According to Analysts. APA Corporation (NASDAQ:APA) is an independent energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids. APA Corporation (NASDAQ:APA) announced on June 10 that it h
Madison Large Cap Fund Picks Salesforce (CRM) Despite Market Sell-Off
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500’s -4.33% return. The fund focuses on long-term ca
Bloom Energy’s S&P 500 Buzz Meets Renewed Wyoming AI Project Progress
Speculation around Bloom Energy (NYSE:BE) joining the S&P 500 is picking up as the company now meets key index criteria on size, liquidity, and profitability. At the same time, clarity has improved on its Wyoming AI data center project, with utility Black Hills confirming the planned 1.8 GW deployment is still expected
SpaceX goes public, inflation jumps to over 3-year highs
Stocks clawed back losses by the end of the week, putting the S&P 500 on track for a positive week as a U.S.–Iran deal moved within reach.
Broader REIT Market or Lower-Cost S&P 500 Real Estate? RWR vs. XLRE
The SPDR Dow Jones REIT ETF (RWR) and the Real Estate Select Sector SPDR Fund (XLRE) both provide public real estate exposure, but their index scopes differ meaningfully.
Batteries Beat the S&P 500: BATT Is Up 25% While SPY Hugs 11%
The headline number you may have seen is generous. Through the close on June 10, 2026, the Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) is up about 10% year to date, while the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has returned about 6%. That is a real gap, though smaller than the 25 versus 11. Batteries
Forget VOO, This Fund Holds the Exact Same 500 Stocks for a 33% Lower Fee
The Vanguard S&P 500 ETF (NYSEARCA:VOO) is the default S&P 500 vehicle for millions of investors, and for good reason. It tracks the index at a 0.03% expense ratio, holds $978.40B in assets, and trades with razor-thin spreads. For most holders it is the cheapest, most liquid way to own the entire U.S. large-cap market
Singapore bank DBS to offer tokenized gold to retail customers
Each token is backed by one gram of physical gold held by DBS in a dedicated vault in Singapore.
Bitcoin has reached a deep bear-market valuation zone. The hard part may come next.
Two widely watched gauges show capitulation, but the analyst flagging them warns the slow grind comes next.
U.S. inflation meets expectations, reinforcing Fed's higher-for-longer stance
Bitcoin was trading at $61,700 following the news, slightly down over the past 24 hours.
XRP market shows signs of capitulation as holders sell at loss
XRP holders are capitulating, according to data tracked by Glassnode. That suggests a bottom may be near.
Nasdaq, S&P 500 Futures Gain After Tech-Led Rebound: Why NVDA, QCOM, AAPL, APLD, ASTS, NUVL Are Keeping Traders Engaged Today
Retail sentiment improved. Stocktwits data showed traders continued to maintain a ‘bullish’ stance on SPY and QQQ.
Emerging Markets Are Delivering Over 22 Percent Returns and Most American Investors Are Missing It Entirely
The S&P 500 is up about 8% year to date. The same money parked in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) is up roughly 29.2%. Broad emerging markets funds like iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) and iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) sit between those poles, up about
Quality Paid Again: SPHQ Beat the Index With Half the Drama
The quality factor tends to earn its keep when investors start worrying about balance sheets again, and the Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) is making that case in real time. SPHQ owns roughly 100 names from the S&P 500 that score highest on return on equity, accruals quality, and financial leverage. So far
Strategy buys 1,550 bitcoin, first time since selling $2.5 million worth of BTC
Strategy adds bitcoin and cash after raising $181 million through stock sales.
Gold slips below 200-day moving average offering glimmer of hope for bitcoin bulls
Gold falls into bear market territory, while a stronger U.S. dollar and rising rate expectations pressure risk assets.
Which Is the Better Growth-Focused ETF, Vanguard's Large-Cap VONG or State Street's Small-Cap SLYG?
Compare sector weightings, risk profiles, and long-term growth trends to see how these two distinct ETF strategies stack up for different investor goals.
SpaceX, Anthropic, and OpenAI Won't Be Added to the S&P 500 in 2026. Here's What Investors Can Do About It.
ETFs that aren't bogged down by index rules will still be buying SpaceX shortly after its IPO.
Here's How SpaceX's IPO Will Affect S&P 500 and Nasdaq-100 Investors
The indexes are taking two different approaches to the blockbuster IPO.
Researcher who found Zcash's bug with AI adds Monero to his audit queue
Taylor Hornby, who uncovered the Orchard flaw that sent Zcash down 38%, says other privacy coins are on his list too.
Healthcare ETFs: PJP Focuses on Pharmaceuticals, While XBI Zeroes in on Biotech
Compare risk profiles, dividend strategies, and portfolio concentration as these two healthcare ETFs take different paths to long-term returns.
Bitcoin tanks below $63,000 for the first time since February as price selloff deepens
The selloff has triggered demand for protective options plays, pushing the fear gauge higher.
I’m 55, married and want a $1.5 million long-term care policy. Can I expect any nasty surprises?
“I’m not looking for a ‘don’t do it’ opinion.”
FTAI Aviation (FTAI) Reported Strong Results Amid Supply Constraints
Tourlite Capital Management, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter is available to download here. In Q1, Tourlite Fund, LP returned 16.9%, significantly surpassing the (4.4%) return for the S&P 500 Index and 0.9% for the Russell 2000. The Fund delivered
The S&P 500 Lost 40% in Real Terms from 1968 to 1982. History Says It Could Happen Again.
Although the bull case has rarely sounded louder, with one-year gains running hot and the index pressing new highs, Wall Street has a long memory, and that memory is not kind to stretched valuations that meet an inflation regime. The benchmark S&P 500 sits at $745.64 on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) proxy.
Nasdaq, S&P 500 Futures Open June On Strong Footing: Why NVDA, DELL, HPE, TSM, TSLA, SPCE, RVMD Are In Focus
Data from Stocktwits shows that retail sentiment has held at ‘bullish’ on SPY, but sits at a cautious ‘neutral’ on QQQ.
How Long Will This Stock Market Momentum Last?
The SPX and AAAPL are in the midst of eight-week and nine-week win streaks, respectively
Buy, Sell, or Hold Vanguard’s Mega Cap Growth ETF Right Now | MGK
There’s a tech ETF that has been almost neck-and-neck with the S&P 500 in the past year and has built up a meaningful lead over the past five years. It’s the Vanguard’s Mega Cap Growth ETF (NYSEARCA:MGK). This ETF tracks the price of the CRSP US Mega Cap Growth Index, which in turn tracks companies. Buy, Sell, or Ho
‘I feel like I’m living a lie’: My husband and I pretend we’re strapped for cash in front of friends. Is that bad?
“I’ve found that acting ‘normal’ means others treat me like one of the group.”
PCE, jobless claims and housing data test Fed cut hopes: Crypto Week Ahead
Your look at what's coming in the week starting May 25.
Markets Now Pricing in Rate Hikes Through 2027 as Fed Cut Expectations Evaporate
The conversation about the Federal Reserve has flipped in a way that should make anyone holding long-duration assets sit up. A few months ago, the debate was about the cadence of cuts. Now, market strategists are saying the question is how long the Fed will stay on hold, and the curve has actually drifted to. Market
Should You Buy, Or Sell Fidelity’s MSCI Industrials Index ETF (FIDU) Today?
The Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) is a low-cost ETF that gets you exposure to some of the premier industrial and defense stocks in the market. Most investors view it as a solid play due to surging defense spending and reindustrialization. And while that hasn’t paid off with the S&P 500 still ahead
Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks
U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.
Boeing (BA) Hit Hard Due to Iran War
Alpha Wealth Funds, LLC, an investment management company, released its Q1 2025 letter for the “Insiders Fund”. A copy of the letter can be downloaded here. The fund lost 7.14% in the quarter, tied to a 6.75% fall in March due to the War in Iran. This compares to the S&P 500’s -4.33% return for […]
Bitcoin implied volatility drops to 7 month low despite macro risks
BTC's implied volatility is a picture of calm even as financial headlines warn of macro risks.
What Makes Rockwell Automation (ROK) a High-Quality Compounder?
Alpha Wealth Funds, LLC, an investment management company, released its Q1 2025 letter for the “Insiders Fund”. A copy of the letter can be downloaded here. The fund lost 7.14% in the quarter, tied to a 6.75% fall in March due to the War in Iran. This compares to the S&P 500’s -4.33% return for […]
Here's why bitcoin turned lower from the 200-day average
BTC recently turned lower from the 200-day average, a barometer of long-term trends. CryptoQuant explains why.
Does Qualcomm (QCOM) Have the Flexibility to Capitalize on AI Opportunities?
Sound Shore Management, an investment management firm, has released its investor letter for the first quarter of 2026. A copy of the letter is available to download here. In Q1 2026, the Sound Shore Fund Investor Class (SSHFX) and Institutional Class (SSHVX) declined 3.45% and 3.43%, respectively, compared to the S&P 5
Sound Shore Fund Views BP plc (BP) as a Valuable Stock Beyond War-Driven Oil Spike
Sound Shore Management, an investment management firm, has released its investor letter for the first quarter of 2026. A copy of the letter is available to download here. In Q1 2026, the Sound Shore Fund Investor Class (SSHFX) and Institutional Class (SSHVX) declined 3.45% and 3.43%, respectively, compared to the S&P 5
Here’s What Drives Southwest Airlines Co.’s (LUV) Increased Earnings and ROC
Sound Shore Management, an investment management firm, has released its investor letter for the first quarter of 2026. A copy of the letter is available to download here. In Q1 2026, the Sound Shore Fund Investor Class (SSHFX) and Institutional Class (SSHVX) declined 3.45% and 3.43%, respectively, compared to the S&P 5
I Lost Half My Fortune in the Dot-Com Crash at 30. Here’s Why Retirees Can’t Afford That Mistake
The headline is my actual story, and it is the reason I do what I do today. At 19, I was managing a pizza store on a whopping $15,000 salary plus 20% of the store’s P&L every 4 weeks. I ran labor tight, pushed sales, and cleared over $100,000 that year. I opened my own. I Lost Half My Fortune in the Dot-Com Crash at
A viral hedgehog, Vitalik Buterin, and a bow: the GraphDex launch that crypto won't forget
5,800 users in two hours. One QR code. One bow that went viral.
Baron Opportunity Fund Picked Rubrik (RBRK) Backed by Layered Growth Signals
Baron Capital, an investment Management Company, released its first quarter 2026 investor letter for its “Baron Opportunity Fund”. A copy of the letter can be downloaded here. The Fund declined 8.88% (Institutional Shares) in the quarter, outperforming the Russell 3000 Growth Index’s (the Benchmark) -9.54% return, but
What Makes ASML Holding N.V (ASML) an Investment Opportunity?
Baron Capital, an investment Management Company, released its first quarter 2026 investor letter for its “Baron Opportunity Fund”. A copy of the letter can be downloaded here. The Fund declined 8.88% (Institutional Shares) in the quarter, outperforming the Russell 3000 Growth Index’s (the Benchmark) -9.54% return, but
What Makes Samsara (IOT) Resilient Beyond AI
Baron Capital, an investment Management Company, released its first quarter 2026 investor letter for its “Baron Opportunity Fund”. A copy of the letter can be downloaded here. The Fund declined 8.88% (Institutional Shares) in the quarter, outperforming the Russell 3000 Growth Index’s (the Benchmark) -9.54% return, but
Here’s Baron Opportunity Fund’s Updates on Nova Ltd (NVMI)
Baron Capital, an investment Management Company, released its first quarter 2026 investor letter for its “Baron Opportunity Fund”. A copy of the letter can be downloaded here. The Fund declined 8.88% (Institutional Shares) in the quarter, outperforming the Russell 3000 Growth Index’s (the Benchmark) -9.54% return, but
Why Could Honeywell International (HON) Spin-Off Plans Drive Significant Upside
Merion Road Capital Management, an investment advisor, released its Q1 2026 Investor Letter. A copy of the letter can be downloaded here. Merion Road Capital Management reported that its Merion Road Small Cap Fund gained 3.1% in the first quarter of 2026, outperforming the Russell 2000, which rose 0.9%. Merion Road’s l
NVIDIA Corporation (NVDA) Fell on Concerns Over the Sustainability of AI Infrastructure Capital Expenditure
Baron Capital, an investment Management Company, released its first quarter 2026 investor letter for its “Baron Opportunity Fund”. A copy of the letter can be downloaded here. The Fund declined 8.88% (Institutional Shares) in the quarter, outperforming the Russell 3000 Growth Index’s (the Benchmark) -9.54% return, but
Forget Walmart. The Grocer Beating It on Trust and Margin Trades at a Third of the Multiple
Walmart (NYSE:WMT) is the grocery story everyone wants to own right now, with a $1.047 trillion market cap and a stock that has climbed 34.53% over the past year. But here’s what you should actually be watching. The Walmart Trade Has Gotten Ahead of the Story The pitch you keep hearing is that Walmart is. Forget Wal
Mattel (MAT) Slipped Due to Unexpected Incremental Spending
Longleaf Partners, managed by Southeastern Asset Management, released its first-quarter 2026 investor letter. A copy of the letter is available to download here. The Fund returned -4.46% in the quarter, compared to the S&P 500’s -4.33% and the Russell 1000 Value Index’s 2.10% return. The year began similarly to the sec
Fortune Brands (FBIN) was Hurt by Near-Term Earnings Weakness And Leadership Uncertainty
Longleaf Partners, managed by Southeastern Asset Management, released its first-quarter 2026 investor letter. A copy of the letter is available to download here. The Fund returned -4.46% in the quarter, compared to the S&P 500’s -4.33% and the Russell 1000 Value Index’s 2.10% return. The year began similarly to the sec