Daily Edition
Morning Brief — October 13, 2026
Tuesday edition: verified operating evidence supports uneven expansion — record LA cargo, broad rail gains, TSMC revenue growth. IMF projects 3.1% global growth 2026, 3.4% 2027. Constraints: delivered energy costs, power reliability, financing. Base 55%, Bull 15%, Bear 30%.
Tuesday opens with retracted 2025-vintage items, escalating maritime attacks in and around the Strait of Hormuz increasing risks to energy shipments, ratified junk-credit stress, and Wednesday's CPI/Beige Book/Anthropic quadruple. Base 55%, Bull 15%, Bear 30%.