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.

You can always find ADG here.  Click below to opt-in to an almost daily email, delivered straight to your inbox.
ADG is for everyone—paid-up subscribers, naturally (the noble ones!), and future subscribers alike.

We hope you enjoy it.

Sign-Up

First Name:
Last Name:
Email:
Phone (Optional):
Check here to indicate that you have read
and agree to our Terms & Conditions and Privacy Policy

Friday, May 17, 2019

The sound of silence
An emailed invitation from the Federal Reserve Bank of New York:

Fruit flies
Chinese fruit prices have been on the march,

Influx capacitor
Yesterday, VanEck Securities Corp. rolled out

Recap May 17

Thursday, May 16, 2019

Looney tunes
From CNN:

Post no bills
An update on Post Holdings, Inc., the cereal and processed food maker

QT Progress report

Recap May 16

Tuesday, May 14, 2019

Can you hear me now?
Yesterday, Bloomberg reported that Sprint Corp. (S on the NYSE)

Recap May 14

Monday, May 13, 2019

Cut rate
The latest escalation of the U.S./China

Swing LO
This morning, Mexican President Andrés Manuel López Obrador (AMLO) unveiled

Recap May 13

Friday, May 10, 2019

Bank teller
From Reuters:

Mr. Erdogan's wild ride

Thursday, May 9, 2019

To infinity, and beyond
A slide from SoftBank

He said it
Art Cashin,

Suffer for your art
Retail magnate Yusaku Maezawa, founder of Zozo, Inc.

QT Progress report

Recap May 9

Monday, May 6, 2019

Drivers' side
From the Associated Press:

Service industry
The Toronto Real Estate Board released its monthly report for April today,

Recap May 6

Friday, May 3, 2019

Ticker tailor
Speaking on CNBC today,

If you build it
From last weekend's edition of the London Sunday Times:

The buck stops over there
In a Wednesday speech in London, European Central Bank

Recap May 3

Thursday, May 2, 2019

Downhill from here
On Tuesday, Mexico’s state-owned oil company Petróleos Mexicanos (Pemex)

QT progress report

Recap May 2

Tuesday, April 30, 2019

Cross check
This morning, McDonald’s Corp. (MCD on the NYSE)

Recap April 30

Monday, April 29, 2019

Come on in, the water's warm

Owe negative
The Chinese economy continues to muddle along,

Recap April 29

Friday, April 26, 2019

'gram reaper
Trouble in paradise, 2019 style.

Augean stable
Yesterday, New York attorney general’s office announced

Rubber duck
This morning, Uber Technologies, Inc.

Recap April 26

Thursday, April 25, 2019

Modern monetary practice
At the end of today’s policy communique, the Bank of Japan

Sincerely yours
Things are once again heating up in emerging markets,

QT Progress report

Recap April 25

Wednesday, April 24, 2019

Beast of burden
This morning, AT&T, Inc. (T on the NYSE) reported

Recap April 24

Tuesday, April 23, 2019

So, they'll have two?
An afternoon headline from The Wall Street Journal:

Cyprus hill

Kicked in the 'coin
Timing is everything.

Recap April 23

Monday, April 22, 2019

Meet the new boss
This morning, The Kraft Heinz Co.

Sold to you
China’s Shanghai Composite fell by nearly 2% today,

Recap April 22

Thursday, April 18, 2019

Born on the bayou
Amazon.com, Inc.’s Web Services (AWS) unit

QT progress report

Recap April 18

Tuesday, April 16, 2019

Sick Burn
Revenge of the Squares?

Indication of interest
Today, Bank of America Corp. (BAC on the NYSE)

Recap April 16

Monday, April 15, 2019

I really think so
Last Thursday, European Central Bank

Strangers things
A new frontier in innovation: Annoyance-as-a-service.

Down the rabbit hole
In a recent research note,

From hunger
Analytics firm TDn2K reports

Recap April 15

Friday, April 12, 2019

A TAM too far

Faulty transmission

Thursday, April 11, 2019

A permanently low plateau
“As I say, we wish they hadn't raised,”

Tip of the iceberg
From Caixin

Field of dreams
The Saudi Arabian Oil Co. (Aramco) made history

QT Progress report

Recap April 11

Wednesday, April 10, 2019

I'm your huckleberry
“U.S. hedge funds from time to time have appeared in this country over the last 10 years,

Recap April 10

Monday, April 8, 2019

Discount double check
The passive price war goes stealth.

Permanently high plateau 2.0

Cheez whiz

Recap April 8

Friday, April 5, 2019

Nevertheless, he persisted
Today, the Nikkei Asian Review reports that Nomura Holdings, Inc.

Recap April 5

Thursday, April 4, 2019

Off to sea once more
The May 30, 2014 issue of Grant’s featured a bullish analysis

QT progress report

Recap April 4

Tuesday, April 2, 2019

They mostly come at night, mostly
It’s alive! Just after midnight eastern time,

I'm a hog for you baby
It’s been a tough road for the U.S. farming industry,

Recap April 2

Monday, April 1, 2019

Motley Crew
Asset prices are off to the races,

Recap April 1

Friday, March 29, 2019

Blocked number
It’s crunch time for the proposed all-stock merger between Sprint Corp. (S on the NYSE) and T-Mobile U.S., Inc. (TMUS on the Nasdaq).

Recap March 29

Thursday, March 28, 2019

Prognosis negative
Today, the Financial Times reports that Deutsche Bank A.G.

QT progress report

Recap March 28

Wednesday, March 27, 2019

Play ball!
A historical quirk in tomorrow’s Opening Day schedule.

Back to the well
This morning, the Turkish offshore lira borrowing rate briefly touched 1,350%

Recap March 27

Tuesday, March 26, 2019

TRY hard
On Friday, the Turkish lira plummeted by more than 6% against the dollar.

Depends where you sit
The hotly anticipated public debut of Lyft, Inc. is drawing a wide range of reactions.

Recap March 26

Monday, March 25, 2019

Platform heels
The Financial Times’ Alphaville blog relays today that a piece of cyclical history is now available on eBay:

Turf wars
Earlier today, former Fed chair turned

Private investigations
On Friday, the Securities and Exchange Commission filed suit against private

Recap March 25

Friday, March 22, 2019

Still the smartest guys in the room
From The Wall Street Journal:

Salt in the wound
It’s been a smooth ride for third world debtors,

Recap March 22

Thursday, March 21, 2019

You're un-fired
Yesterday’s Fed meeting featured a dovish trifecta.

Canada goosed
Things are no great shakes in the Great White North.

QT Progress report

Recap March 21

Tuesday, March 19, 2019

Lyfted
From Reuters:

Our man in Rio
“Waste places” no more?

Recap March 19

Monday, March 18, 2019

If you build it they will come?
From The Wall Street Journal:

Racing to a red light
This morning, Lyft, Inc. took another step

Recap March 18

Friday, March 15, 2019

There's one for you, 19 for me
On Tuesday evening, beauty products company Coty, Inc. (COTY on the NYSE)

Patch work
The Organization of the Petroleum Exporting Countries struck a vigilant

Recap March 15

Thursday, March 14, 2019

All politics are local
From the New York Post:

Tethered to what again?
A report today from Frances Coppola of Forbes identifies a subtle,

QT Progress report

Recap March 14

Wednesday, March 13, 2019

Patent pending
A new chapter in financial innovation.

Arc of the covenant
An analysis from S&P’s LCD unit yesterday calculated

Recap March 13

Tuesday, March 12, 2019

Drumroll
Confusion reigns down Mexico way.

Recap March 12

Monday, March 11, 2019

To everything there is a season

Bag of chips
This morning, Nvidia Corp. (NVDA on the Nasdaq) announced it will buy

Recap March 11

Friday, March 8, 2019

Blues brothers, 2019 edition
Set your DVR’s. From The Hill:

China check

Choose your own adventure

Thursday, March 7, 2019

Bottoms up
This morning, the European Central Bank cut its guesstimate

Product 19
A paper today from the Brookings Institution

Les Miz'
Yesterday, Japan’s Mizuho Financial Group, Inc. surprised investors

QT Progress report

Recap March 7

Tuesday, March 5, 2019

Deep freeze
Yesterday, the Real Estate Board of Greater Vancouver

Recap March 5

Monday, March 4, 2019

Head for the mountains
On Thursday, global beer behemoth Anheuser-Busch InBev S.A.

Recap March 4

Friday, March 1, 2019

Property tax
Everything must go.

Cooking with gas
On Wednesday,

Recap March 1

Thursday, February 28, 2019

Hundred Dollar General
From CNBC:

Trudge report
“Eurozone slowdown helps keep Draghi’s dissenters in line,” declares a headline in today’s Financial Times

QT Progress report

Recap Feb. 28

Wednesday, February 27, 2019

T-leaves
The moment of truth draws closer for Sprint Corp. (S on the NYSE) and

Recap Feb. 27

Tuesday, February 26, 2019

Tip your waitress
A trio of Sonic Corp. restaurants in central Ohio closed abruptly

Climate change
It’s not just U.S. equities that have enjoyed a blistering start to 2019.

Recap Feb. 26

Monday, February 25, 2019

Musical chairs
This morning, Barrick Gold Corp. (ABX on the TSX)

Recap Feb. 25

Friday, February 22, 2019

Smothered
Cleanup in aisle four.

Recap Feb. 22

Thursday, February 21, 2019

Loan ranger

QT progress report

Recap Feb. 21

Tuesday, February 19, 2019

Art of the deal
Deficit reduction, outside the box.

Credit check
The bull run in junk bonds continues apace,

Recap Feb. 19

Thursday, February 14, 2019

Halt, and catch fire?
On a Monday earnings call, Rachelle Girard, Cameco Corp. (CCJ on the NYSE)

QT progress report

Recap Feb. 14

Wednesday, February 13, 2019

I thought you were pre-med?
This morning,

Print and frame
Today,

Capital punishment
Call waiting.

Recap Feb. 14

Tuesday, February 12, 2019

Funny how time slips awaty
Private equity to the rescue.

Recap Feb. 12

Monday, February 11, 2019

Snap-chat
The streak lives on.

Recap Feb.11

Friday, February 8, 2019

Xi student
The trade war grinds on.

Recap Feb. 8

Thursday, February 7, 2019

Bottom of the barrel
Explosive growth in U.S. crude production continues apace,

Recap Feb. 7

Tuesday, February 5, 2019

Crocodile done deed
A crackdown in the Lucky Country?

Recap Feb. 5

Monday, February 4, 2019

Drop a 'Digm
The junk-bond revival continues apace.

Recap Feb. 4

Friday, February 1, 2019

Lockedchain
The downsides of digital security. From CoinDesk:

Pocket dial
Yesterday, Sprint Corp. (S on the NYSE) reported better-than-expected third quarter figures,

Recap Feb. 1

Thursday, January 31, 2019

T Pain
Yesterday was a big day for monetary policy,

QT progress report

Recap Jan. 31

Wednesday, January 30, 2019

Dancing in the Streets
New data from the European Central Bank comes to an interesting conclusion

Zuck Tales
The hits keep coming for Facebook, Inc. (FB on the Nasdaq).

Recap Jan. 30

Tuesday, January 29, 2019

Scoreboard watching
Let’s take a look at the early returns for fourth quarter earnings season:

All groan up
One defining feature of the ongoing earnings rush: Un-bullish tidings from the Middle Kingdom.

Recap Jan. 29

Monday, January 28, 2019

Strength in numbers
Fact of the day, from Bloomberg:

Mine over matter
This morning, chip maker and hardware company Nvidia Corp. (NVDA on the Nasdaq)

Recap Jan. 28

Friday, January 25, 2019

Italian wedding
“Super Mario” isn’t finding things so super.

Recap Jan. 25

Thursday, January 24, 2019

We must protect this planet
From a blog post on Virgin Galactic’s website:

Junk food
The high yield drought is over.

Margin bawl
Behold the peculiar tale of Jiayuan International Group Ltd. (code 2768 on the Hong Kong Stock Exchange).

QT Progress report

Recap Jan. 24

Tuesday, January 22, 2019

Rock and a hard place
It’s not just a seasonal deep freeze.

Recap Jan. 22

Friday, January 18, 2019

Hope springs eternal

Great Wall of worry
Good times are here again.

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

Gotta serve somebody
From this morning’s edition of The Wall Street Journal:

More money – more good?
According to data released on Monday from China’s General Administration of Customs,

Recap Jan. 16

Tuesday, January 15, 2019

A reason to move
Rampant fuel theft in Mexico

Recap Jan. 15

Monday, January 14, 2019

A negative art
This morning, San Francisco-based PG&E Corp.

Gold fingers
Today, Newmont Mining Corp. (NEM on the NYSE) announced its intention to buy peer Goldcorp, Inc.

Recap Jan. 14

Friday, January 11, 2019

The show must go on
From the Hollywood Reporter

Hair of the dog
It went down smooth.

Recap Jan. 11

Thursday, January 10, 2019

The money of bond kings
He said it.

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

Herding behavior
Contrarianism has its benefits.

Apples and oranges
According to a report from Bloomberg on Wednesday,

Recap Jan. 4

Thursday, January 3, 2019

Carried out
Strange doings afoot.

Shelter from the storm

QT Progress report

Recap Jan. 3

Wednesday, January 2, 2019

Pancake breakfast
In with the new.

To greener pastures
The new U.S. Census Bureau population survey for the 12-months ended July 1 finds that Illinois

Recap Jan. 2

Friday, December 21, 2018

Over a barrel
Timing is everything.

Loan shark
Let’s do a status check on the leveraged loan market,

Recap Dec. 21

Thursday, December 20, 2018

A turn in the tide
James Grant writes

Northern exposure

QT Progress report

Recap Dec. 20

Wednesday, December 19, 2018

Recap Dec. 19

YouWork
Yesterday, Japanese telecom concern SoftBank Corp. (code 9434)

Diploma see
Yesterday, Bloomberg reported that Georgetown University,

Tuesday, December 18, 2018

Polly want a virtual assistant

Status quotient
No one puts Baby in a corner.

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

Cancun swoon
Last Saturday, left-wing populist Andrés Manuel López Obrador (AMLO for short)

Recap Dec. 7

Thursday, December 6, 2018

Board games
This bellwether got rung.

QT progress report

Recap Dec. 6

Wednesday, December 5, 2018

Schumpeter-ism, with Chinese characteristics
Creative destruction, by government fiat.

Franchise player
The beef wars are raging.

Tuesday, December 4, 2018

So much for the honeymoon
From Reuters:

Curve sketching
Big doings in the government bond market.

Recap Dec. 4

Monday, December 3, 2018

The end of the beginning
The training wheels are coming off.

Recap Dec. 3

Friday, November 30, 2018

Mobile command
Will Uncle Sam sign off on the proposed merger between T Mobile U.S., Inc. and Sprint Corporation,

Game of Monopoly
“There are now more indexes than stocks,” blared a May 2017 Bloomberg headline.

Recap Nov. 30

Thursday, November 29, 2018

Just a billion
From the South China Morning Post:

Plumber's crack

QT Progress report

Recap Nov. 29

Tuesday, November 27, 2018

Door busters
It’s a buyers’ market in the Big Apple.

Big River
Power up.

Recap Nov. 27

Monday, November 26, 2018

China chalet
Two ships in the night.

Recap Nov. 26

Wednesday, November 21, 2018

Sturm und Drang

Tuesday, November 20, 2018

Tipping point
For the first time since 2008, high-yield and investment-grade Bloomberg Barclays benchmark indices priced in both euros and dollars are poised

Recap Nov. 20

Monday, November 19, 2018

Bailout brigade
Somebody will have to pay.

Recap Nov. 19

Friday, November 16, 2018

Supply managment
Things are heating up a bit on the speculative end of the credit spectrum.

Chip which
Crypto’s doppelganger indeed.

Thursday, November 15, 2018

Delinquent youth
On Tuesday, Pennsylvania-based regional bank Customers Bancorp, Inc. (CUBI on the NYSE) announced it would restate

Bad dream
Crypto awoke with a start yesterday,

QT Progress report

Recap Nov. 14

Tuesday, November 13, 2018

Venture land
Here comes the Son.

Recap Nov. 13

Monday, November 12, 2018

Going south
Investors are learning the hard way to expect the unexpected in Mexico.

Recap Nov. 12

Friday, November 9, 2018

Ham and wry
Covenant-lite, with Chinese characteristics.

Steady as she goes
The knives are out in the energy patch.

Recap Nov. 9

Thursday, November 8, 2018

No shirt, no shoes, no problem
The economy is booming.

QT progress report

Recap Nov. 8

Wednesday, November 7, 2018

Out from the cold
Swiss luxury brand Hublot is launching a new line of watches with an unusual twist.

Surprise!
Now, this is passive.

Recap Nov. 7

Tuesday, November 6, 2018

Night rider
Move over, motorists.

Ships in the night
Uncle Sam may be drowning in red ink, but local government balance sheets continue to improve.

Recap Nov. 6

Monday, November 5, 2018

Slim pickings
Behold, the accommodating credit markets of 2018.

Something borrowed
A pair of anecdotes, from Bloomberg:

Evergreen
Is the world’s second-largest economy preparing to once again rev the stimulus engines?

Recap Nov. 5

Thursday, November 1, 2018

He said it
Here’s BlackRock, Inc. CEO Larry Fink,

Bond Street
Let’s call it high-er yield.

QT Progress report

Recap Nov. 1

Tuesday, October 30, 2018

No limit hold 'em
The Bank of Japan concludes its two-day policy meeting tomorrow,

Recap Oct. 30

Monday, October 29, 2018

Pile up

Bolso would

Recap Oct. 29

Friday, October 26, 2018

Recap Oct. 26

Paper trade
From Fox News:

Wild Turkey
Is the crisis abating in the land of Erdogan?

Thursday, October 25, 2018

Recap Oct. 25

Till the medicine takes

QT Progress report

Wednesday, October 24, 2018

Recap Oct. 24

From where you sit
Last week, a pair of Deutsche Bank AG traders were convicted of conspiracy and wire fraud charges

Term paper
It’s a changing of the guard.

Tuesday, October 23, 2018

Recap Oct. 23
Another volatile trading

Relationship counseling
The high yield drought continues.

High jump
The irresistible force meets the immovable object.

Monday, October 22, 2018

Don't shoot the messenger

Store credit
The economy is firing on all cylinders.

Recap Oct. 22

Friday, October 19, 2018

Agent provocateur
From Reuters:

He said it
“Some of the analysts who can’t read numbers.”

Bad back

Recap Oct. 19