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Jun 4, 2026

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2 min read

Your Electric Bill Is Up 36% Since 2020. You Can Thank AI.

The rate barely moved for 20 years. Then data centers showed up.

Ray Calloway
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Jun 3, 2026

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2 min read

SpaceX Wants to Raise $75 Billion. The Biggest IPO Before It Raised $29 Billion.

Every record-setting IPO left early buyers disappointed. Here's what the data says before June 12.

Ray Calloway
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Jun 2, 2026

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1 min read

19.5 Million Factory Workers in 1979. 12.6 Million Today. Output Is Up.

Yesterday's ISM report confirmed the factory floor runs on software now.

Ray Calloway
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May 29, 2026

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2 min read

Everyone's Asking if AI Is a Bubble. Last Night, Dell Answered.

Cisco in 2000: P/E of 470. Nvidia today: 33. Big difference.

Ray Calloway
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May 28, 2026

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2 min read

The Oil Reserve Was Full in 2010. By August, It Won't Be.

727 million barrels down to 243 million. Two drawdowns in four years.

Ray Calloway
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May 27, 2026

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2 min read

Record-High Stocks. Record-Low Confidence. Something Doesn't Add Up.

The gap between Wall Street and your grocery bill has never been wider.

Ray Calloway
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May 26, 2026

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1 min read

America Spent 37% of GDP on Defense in 1944. Today It’s 3.4%.

The day after Memorial Day is a good time to ask what we're actually willing to pay.

Ray Calloway
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May 22, 2026

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2 min read

It Took 18 Years to Go from Dow 10,000 to 20,000. The Last 10,000 Points Took Two.

The market isn’t just climbing — it’s accelerating. And that changes what your portfolio needs to look like.

Ray Calloway
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May 21, 2026

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2 min read

California Has Lost 1.4 Million Residents to Other States Since 2020.

The biggest state-to-state migration in modern history — and it’s still going.

Ray Calloway
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May 20, 2026

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2 min read

One Company Is Worth $5.4 Trillion. It Reports Earnings Tonight.

Nvidia is now worth more than the entire economy of Germany — and what it says after the bell today could move your retirement account.

Ray Calloway
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May 19, 2026

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2 min read

It Took 3.5 Years of Income to Buy a Home in 1985. Today It Takes 5.

Your kids aren’t bad with money. The math just changed — and yesterday’s homebuilder data says it’s not getting better soon.

Ray Calloway
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May 15, 2026

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2 min read

Jerome Powell Leaves the Fed Today With the Worst Inflation Record in 40 Years.

Average inflation hit 3.8% on his watch — nearly double the Fed’s own 2% target. Kevin Warsh inherits the mess.

Ray Calloway
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