Almost Daily Grant's
“Almost Daily” is the end-of-day delectation from Grant’s.
ADG tells you what happened. It speculates on what may happen and tracks and develops Grant’s themes. Look for it after the New York close of trading—almost daily.
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Thursday, February 14, 2019
On a Monday earnings call, Rachelle Girard, Cameco Corp. (CCJ on the NYSE)
Halt, and catch fire?
QT progress report
Recap Feb. 14
Wednesday, February 13, 2019
This morning,
Today,
Call waiting.
I thought you were pre-med?
Print and frame
Capital punishment
Recap Feb. 14
Tuesday, February 12, 2019
Funny how time slips awaty

Recap Feb. 12
Monday, February 11, 2019
Snap-chat
Recap Feb.11
Friday, February 8, 2019
Xi student
Recap Feb. 8
Thursday, February 7, 2019
Explosive growth in U.S. crude production continues apace,
Bottom of the barrel
Recap Feb. 7
Tuesday, February 5, 2019
Crocodile done deed

Recap Feb. 5
Monday, February 4, 2019
Drop a 'Digm
Recap Feb. 4
Friday, February 1, 2019
The downsides of digital security. From CoinDesk:
Yesterday, Sprint Corp. (S on the NYSE) reported better-than-expected third quarter figures,
Lockedchain
Pocket dial
Recap Feb. 1
Thursday, January 31, 2019
T Pain
- Targeting “pockets of savings” in the economy, from banks, pensions, insurance companies, corporations and asset managers.
- Broadening the types of debt issued to include perpetual and zero-coupon bonds, as well as expanding the usage of floating-rate and inflation-protected debt. The board also recommends increasing longer-dated issues, particularly 15-20 year maturities.
- Increasing the use of re-openings [providing additional supply] for popular issues, as well as of buybacks of issues that are trading cheaply to reduce interest costs.
QT progress report
Recap Jan. 31
Wednesday, January 30, 2019
New data from the European Central Bank comes to an interesting conclusion
The hits keep coming for Facebook, Inc. (FB on the Nasdaq).
Dancing in the Streets
Zuck Tales
Recap Jan. 30
Tuesday, January 29, 2019
Let’s take a look at the early returns for fourth quarter earnings season:
One defining feature of the ongoing earnings rush: Un-bullish tidings from the Middle Kingdom.
Scoreboard watching
All groan up
Recap Jan. 29
Monday, January 28, 2019
Fact of the day, from Bloomberg:
This morning, chip maker and hardware company Nvidia Corp. (NVDA on the Nasdaq)
Strength in numbers
Mine over matter

Recap Jan. 28
Friday, January 25, 2019
Italian wedding

Recap Jan. 25
Thursday, January 24, 2019
From a blog post on Virgin Galactic’s website:
The high yield drought is over.
Behold the peculiar tale of Jiayuan International Group Ltd. (code 2768 on the Hong Kong Stock Exchange).
We must protect this planet
Junk food
Margin bawl
QT Progress report
Recap Jan. 24
Tuesday, January 22, 2019
Rock and a hard place

Recap Jan. 22
Friday, January 18, 2019
Good times are here again.
Hope springs eternal
Great Wall of worry
Dancing in the dark
Recap Jan. 18
Thursday, January 17, 2019
The man who really knew
Welcome to the 'Rock
QT Progress report
Recap Jan. 17
Wednesday, January 16, 2019
From this morning’s edition of The Wall Street Journal:
According to data released on Monday from China’s General Administration of Customs,
Gotta serve somebody
More money – more good?

Recap Jan. 16
Tuesday, January 15, 2019
A reason to move
Recap Jan. 15
Monday, January 14, 2019
This morning, San Francisco-based PG&E Corp.
Today, Newmont Mining Corp. (NEM on the NYSE) announced its intention to buy peer Goldcorp, Inc.
A negative art
Gold fingers
Recap Jan. 14
Friday, January 11, 2019
From the Hollywood Reporter
It went down smooth.
The show must go on
Hair of the dog
Recap Jan. 11
Thursday, January 10, 2019
The money of bond kings
QT progress report
Recap Jan. 10
Tuesday, January 8, 2019
Freddie Murky-re
Recap Jan. 8
Monday, January 7, 2019
Supply side

Recap Jan. 7
Friday, January 4, 2019
Contrarianism has its benefits.
According to a report from Bloomberg on Wednesday,
Herding behavior
Apples and oranges
Recap Jan. 4
Thursday, January 3, 2019
Strange doings afoot.
Carried out
Shelter from the storm
QT Progress report
Recap Jan. 3
Wednesday, January 2, 2019
In with the new.
The new U.S. Census Bureau population survey for the 12-months ended July 1 finds that Illinois
Pancake breakfast

To greener pastures
Recap Jan. 2
Friday, December 21, 2018
Timing is everything.
Let’s do a status check on the leveraged loan market,
Over a barrel
Loan shark

Recap Dec. 21
Thursday, December 20, 2018
James Grant writes
A turn in the tide
Northern exposure

QT Progress report
Recap Dec. 20
Wednesday, December 19, 2018
Yesterday, Japanese telecom concern SoftBank Corp. (code 9434)
Yesterday, Bloomberg reported that Georgetown University,
Recap Dec. 19
YouWork
Diploma see
Tuesday, December 18, 2018
No one puts Baby in a corner.
Polly want a virtual assistant
Status quotient
Recap Dec. 18
Monday, December 17, 2018
Liquid gold

Recap Dec. 17
Tuesday, December 11, 2018
Markets make opinions; central banker edition
Help wanted: Project manager
Recap Dec. 11
Monday, December 10, 2018
Job openings at Bloomberg
Phone home
Recap Dec. 10
Friday, December 7, 2018
Last Saturday, left-wing populist Andrés Manuel López Obrador (AMLO for short)
Cancun swoon
Recap Dec. 7
Thursday, December 6, 2018
Board games
QT progress report
Recap Dec. 6
Wednesday, December 5, 2018
Creative destruction, by government fiat.
The beef wars are raging.
Schumpeter-ism, with Chinese characteristics
Franchise player
Tuesday, December 4, 2018
From Reuters:
Big doings in the government bond market.
So much for the honeymoon
Curve sketching

Recap Dec. 4
Monday, December 3, 2018
The end of the beginning

Recap Dec. 3
Friday, November 30, 2018
Will Uncle Sam sign off on the proposed merger between T Mobile U.S., Inc. and Sprint Corporation,
“There are now more indexes than stocks,” blared a May 2017 Bloomberg headline.
Mobile command
Game of Monopoly
Recap Nov. 30
Thursday, November 29, 2018
From the South China Morning Post:
Just a billion
Plumber's crack


QT Progress report
Recap Nov. 29
Tuesday, November 27, 2018
Door busters
Big River
Recap Nov. 27
Monday, November 26, 2018
China chalet
Recap Nov. 26
Wednesday, November 21, 2018
Sturm und Drang

Tuesday, November 20, 2018
For the first time since 2008, high-yield and investment-grade Bloomberg Barclays benchmark indices priced in both euros and dollars are poised
Tipping point
Recap Nov. 20
Monday, November 19, 2018
Bailout brigade

Recap Nov. 19
Friday, November 16, 2018
Things are heating up a bit on the speculative end of the credit spectrum.
Crypto’s doppelganger indeed.
Supply managment
Chip which
Thursday, November 15, 2018
On Tuesday, Pennsylvania-based regional bank Customers Bancorp, Inc. (CUBI on the NYSE) announced it would restate
Crypto awoke with a start yesterday,
Delinquent youth
Bad dream

QT Progress report
Recap Nov. 14
Tuesday, November 13, 2018
Venture land
Recap Nov. 13
Monday, November 12, 2018
Investors are learning the hard way to expect the unexpected in Mexico.
Going south
Recap Nov. 12
Friday, November 9, 2018
Covenant-lite, with Chinese characteristics.
The knives are out in the energy patch.
Ham and wry
Steady as she goes
Recap Nov. 9

Thursday, November 8, 2018
The economy is booming.
No shirt, no shoes, no problem
QT progress report
Recap Nov. 8
Wednesday, November 7, 2018
Swiss luxury brand Hublot is launching a new line of watches with an unusual twist.
Now, this is passive.
Out from the cold
Surprise!
Recap Nov. 7
Tuesday, November 6, 2018
Move over, motorists.
Uncle Sam may be drowning in red ink, but local government balance sheets continue to improve.
Night rider

Ships in the night
Recap Nov. 6
Monday, November 5, 2018
Behold, the accommodating credit markets of 2018.
A pair of anecdotes, from Bloomberg:
Is the world’s second-largest economy preparing to once again rev the stimulus engines?
Slim pickings
Something borrowed
Evergreen
Recap Nov. 5
Thursday, November 1, 2018
Here’s BlackRock, Inc. CEO Larry Fink,
Let’s call it high-er yield.
He said it
Bond Street
QT Progress report
Recap Nov. 1
Tuesday, October 30, 2018
The Bank of Japan concludes its two-day policy meeting tomorrow,
No limit hold 'em
Recap Oct. 30
Monday, October 29, 2018
Pile up
Courtesy of Raoul Pal, co-founder of Real Vision, via Twitter:
What’s the return policy?
Bolso would
Recap Oct. 29
Friday, October 26, 2018
From Fox News:
Is the crisis abating in the land of Erdogan?
Recap Oct. 26
Paper trade
Wild Turkey
Thursday, October 25, 2018
Recap Oct. 25
Till the medicine takes
QT Progress report
Wednesday, October 24, 2018
Last week, a pair of Deutsche Bank AG traders were convicted of conspiracy and wire fraud charges
It’s a changing of the guard.
Recap Oct. 24
From where you sit
Term paper
Tuesday, October 23, 2018
Another volatile trading
The high yield drought continues.
The irresistible force meets the immovable object.
Recap Oct. 23
Relationship counseling
High jump
Monday, October 22, 2018
The economy is firing on all cylinders.
Don't shoot the messenger
Store credit
Recap Oct. 22
Friday, October 19, 2018
From Reuters:
“Some of the analysts who can’t read numbers.”
Agent provocateur
He said it
Bad back
Recap Oct. 19
Thursday, October 18, 2018
Road to nowhere
QT progress report
Recap Oct. 18
Tuesday, October 16, 2018
On the back foot
Recap Oct. 16
Monday, October 15, 2018
Rest' stop
Recap Oct. 15
Friday, October 12, 2018
From Business Insider:
On Tuesday, Coindesk.com reported an eye-catching development in the digital currency realm:
Recap Oct. 12
Tesla searches for liquidity
Honor among thieves
Wide bloat

Thursday, October 11, 2018
Kanye West visited the White House today.
Opposite day
Squeeze, Inc.
QT Progress report
Recap Oct. 11
Wednesday, October 10, 2018
From the Associated Press:
During yesterday’s 2018 Grant’s fall conference at the Plaza Hotel
They’re looking to make it official.
Flying squirrel. Grounded.
And so it came to pass
Still the epitome of the cycle
Recap Oct. 10
Monday, October 8, 2018
Potemkin village

Recap Oct.8
Friday, October 5, 2018
On Wednesday,
The selloff in U.S. Treasury bonds has accelerated in recent days,
Cooking with gas
Basis pointers

QT Progress report
Recap Oct. 5
Tuesday, October 2, 2018
They ate the cake
Correction
Recap Oct. 2
Monday, October 1, 2018
Mission accomplished.
While bitcoin is down 63% from its December peak, enthusiasm for the digital ducats remains brisk.
Are we there yet?
Sold to you
Recap Oct. 1
Thursday, September 27, 2018
Tip of the iceberg
QT progress report
Recap Sept. 27
Wednesday, September 26, 2018
Rigamarole

Recap Sept. 26
Tuesday, September 25, 2018
Fancy restaurant
Recap Sept. 25
Monday, September 24, 2018
The Negotiator
Recap Sept. 24
Friday, September 21, 2018
British rock band Dire Straits,
Inflation is stirring.
Your Latest Trick
Help really wanted
Recap Sept. 21
Thursday, September 20, 2018
With apologies to Homer Simpson, here's to debt: The cause of, and solution to, life's financial problems.
Leverage lamentation
QT progress report
Recap Sept. 20
Tuesday, September 18, 2018
Muppets take Manhattan
Attention: deficit disorder
Recap Sept. 18
Friday, September 14, 2018
In other news
Tail wags the dog

Recap Sept. 14
Thursday, September 13, 2018
It’s been a tale of two halves for the Kraft Heinz company.
Playing Ketchup
QT progress report
Recap Sept. 13
Wednesday, September 12, 2018
GoFundTheUniverse
Low energy
Recap Sept. 12
Tuesday, September 11, 2018
Fine print foibles
Recap Sept. 11
Monday, September 10, 2018
Over the weekend, Global Financial Crisis-era policymakers Ben Bernanke, Timothy Geithner and Henry Paulson brought the band back together
While the U.S. stock market maintains its upward trajectory,
Wealth defect
The full text from Fisher’s remarks is available here. Ben Bernanke, Tim Geithner and Hank Paulson, please copy. Come to think of it, please read.
Ma Ma, hey hey
Recap Sept. 10
Friday, September 7, 2018
Clickbait

Recap Sept. 7
Thursday, September 6, 2018
Multiple personalities
QT progress report
Recap Sept. 6
Tuesday, September 4, 2018
First shall be last
Recap Sept. 4
Friday, August 31, 2018
Dog day afternoon
Recap Aug. 31
Thursday, August 30, 2018
It sounds vaguely familiar: A potent U.S. bull market runs headlong into an emerging markets crisis.
Yesterday, China Properties Group Ltd. (1838 on the Hang Seng) reported
Back to the Future

Great moments in corporate communications
QT Progress Report
Recap Aug. 30
Wednesday, August 29, 2018
Turkish bath

Recap Aug. 29
Tuesday, August 28, 2018
Today, the Invesco Deutsche Bank Agriculture Fund ETF (DBA on NYSE Arca),
Bean oh

Recap Aug. 28
Monday, August 27, 2018
Forest for the trees
Recap Aug. 27
Friday, August 24, 2018
Your headline of the day (year?), from the Miami Sun Sentinel:
A changing of the guard is afoot in the Big Apple.
No context, no problem
Take it all
Correction
Recap Aug. 24
Thursday, August 23, 2018
Canada dry

QT progress report
Recap Aug. 23
Tuesday, August 7, 2018
Grist for a potential sequel to Dazed and Confused?
Silence is golden, usually.
Earplugs optional
Dark Star
Recap Aug. 7
Monday, August 6, 2018
Post pattern
Recap August 6
Friday, August 3, 2018
From Denver’s NBC9 news:
Like Frank Costanza, King dollar is a Phoenix, rising from Arizona.
Down in the bottom
Step Brothers

Recap August 3
Thursday, August 2, 2018
The Producers

QT progress report
Recap August 2
Wednesday, August 1, 2018
What lies beneath
Correction
Recap August 1
Tuesday, July 31, 2018
On July 18,
Happy days are here for holders of some of the dodgiest credits around.
Shiver me cryptos
C.C.C. Rider

Recap July 31
Monday, July 30, 2018
The Hangover
Recap July 30
Friday, July 27, 2018
CHHIIIINAAA!
Recap July 27
Thursday, July 26, 2018
A bump in the road, or something more?
The break is over.
Zuck Zuck goose

QT progress report
Recap July 26
Tuesday, July 24, 2018
Tool time
Recap July 24
Monday, July 23, 2018
As the Fed tightens and the ECB discusses the end of EZ-money, whither the Bank of Japan?
Offer wanted
Recap July 23
Friday, July 20, 2018
Trump tweets
Yuan headlight

Recap July 20
Thursday, July 19, 2018
Bernank the tank
QT progress report
Recap July 19
Wednesday, July 18, 2018
Turkey club

Recap July 18
Tuesday, July 17, 2018
The bulls received a jump scare straight out of Stranger Things.
Now is the winter of our streaming content

Recap July 17
Monday, July 16, 2018
Hello Altice
Recap July 16
Friday, July 13, 2018
WeWork, you never disappoint. From Bloomberg:
It’s the private-sector version of the “zero lower bound.”
Community-adjusted protein
You get what you pay for

Recap July 13
Thursday, July 12, 2018
Two ships in the night

QT progress report
Recap July 12
Tuesday, July 10, 2018
Flat top fade
Recap July 10
Monday, July 9, 2018
A programming note
The newest edition of the Grant's podcast, featuring a discussion of the world's points of pressure and other trenchant observations, is now available for download on iTunes, Stitcher, iHeart Radio, Google Play Music or from our website.
China check
