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My view on what's going on in the financial markets and the global economy, and a few other things that might interest me from time to time.

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Week ended June 5, 2026: sell-off in tech shares drive indices lower
Tech shares came under pressure this week, with the sell-off gaining steam on Friday following a much stronger-than-expected US payrolls report. Yields moved higher across the curve, oil was higher, and Bitcoin faltered. Much of this was driven by higher inflation expectations and a lower likelihood that the Fed will cut rates in the foreseeable future.

tim@emorningcoffee.com
9 hours ago5 min read


The SpaceX IPO: insane valuation but will likely fly
The pending IPO of Elon Musk-controlled SpaceX (symbol SPCX) is grabbing all of the headlines at the moment, and for good reason – it is not only expected to be the largest IPO ever, but also the largest company (by market cap) to ever do an IPO. The proposed offering is also unique in other ways. For starters, the IPO marketing process is unconventional. For example, the offer price per share – normally provided as a range once investor meetings are well underway – has al

tim@emorningcoffee.com
2 days ago10 min read


Week ended Sept 15, 2023: ARM IPO, ECB rate hike, US inflation
The ARM IPO (fair price), the ECB rate decision ("dovish increase") and US CPI are were relatively neutral to supportive this week.

tim@emorningcoffee.com
Sep 16, 20234 min read


Revisiting Saudi Aramco
Saudi Aramco did a much-watched IPO in Dec 2019. This article looks at the performance of the shares since the IPO (and other IOCs).

tim@emorningcoffee.com
Aug 30, 20229 min read


Coinbase: Cryptos Gain Steam
Coinbase listed on Weds via an innovative direct listing. It is an interesting company with a super-rich valuation, cryptocurrency-focused.

tim@emorningcoffee.com
Apr 15, 20218 min read
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