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Energy is the best performing sector in the S&P 500 this year, up 49% through Oct. 9 against 15% for the index. Oil explains most of it.

The 10-year Treasury yield rose on 18 of 24 trading days, closing at 5.29% on Sept. 30. In the 11 prior times since 1965, it was lower a year later in seven.

The S&P 500 was higher one year after six of seven completed Fed tightening cycles since 1983. The median gain was 4.4%.

September has been the S&P 500's worst month since 1950, averaging a 0.6% decline while the other 11 months averaged a 0.88% gain.

The federal government owes just over $40 trillion, and Treasury has tripled the size of a long-end bond buyback operation as borrowing costs rise.

Apple was worth $349 billion when Tim Cook became CEO and $4.66 trillion when he stepped down fifteen years later.

A war in the Gulf and a construction boom produced most of the quarter's profit growth.

The Fed has cut six times since 2024. The 30-year Treasury went the other way, to its highest yield in nineteen years.

The six largest U.S. banks have returned roughly twice the market since the start of 2025. The deal machine is why.

The index finished July almost exactly where it started, yet two sides of the biggest trade of the year moved about fifty points apart.