The thing about always focusing on the horse race is that you lose sight of what makes a healthy horse or a well-kept track. Analysts are missing the bigger picture from the events of last week. And this is my newsletter.
As always, I invite you to drop me a line (or just respond to this email). Please hit the ❤️ below the title if you like what you’re reading; it’s our little trick to sway Substack’s curation algorithm. If you want more content, I publish subscriber-only posts 1-2x a week.



