Sempra

How to read an airline quarter without getting fooled. A working guide to RASM, CASM ex-fuel, load factors, and the levers carriers use to dress up the tape.

Merger arb spreads encode the market's odds on whether a deal closes. Here's how non-arbitrageurs can decode them to time exits, hedges, and event-driven positions.

A practical framework for reading the monthly nonfarm payrolls report as an equity investor — which lines move stocks, which are noise, and how to position around it.