December served up the full Woodworth sampler platter: Oregon’s market “scoreboard” gave us a mid-month sugar high and a month-end reality check, a 90s peso hangover reminded everyone that “international outperformance” can just be FX doing cardio, and a dating app the market ghosted might be lining up the rebound trade. We also dig into housing policy that keeps blaming the wrong villain while missing the supply mismatch, a coastal port pitch that sells greenfield automation and rail efficiency (and gets attacked for dredging while the Columbia quietly gets dredged for 100+ miles), the latest push to replace quarterly facts with semiannual vibes, and why faith in the economic data plumbing matters more than ever—because when the scoreboard gets politicized, markets don’t get calmer, they get louder.

— Managing Partners Drew Millegan & Quinn Millegan

Kohl’s keeps cashing checks while analysts call it a meme, Nvidia finds out it’s not the only chip in town, and the jobs market cools just enough to make everyone equally nervous. This issue sees earnings beats, $10B mystery orders, and tariffs that hit everyone—unless you’re big enough to dodge them.

- Managing Partners Drew Millegan & Quinn Millegan

After the July jobs miss and giant BLS revisions, we dig into how fast-moving tariffs are warping prices, margins, and small-biz decisions—and why narrow leadership isn’t “the market.” We debate politicians trading, timing tops (don’t), and when technicals help vs. hurt. 

Stocks: FreightCar America (RAIL), railcar demand, and why micro/mid liquidity cuts both ways. Tariff watch now includes talk of 100% chip levies and sector-by-sector fallout (pharma, glass, autos). “This Day in Economic History” runs from Britain’s 1914 bank holiday and Bradbury notes to Agnew’s scandal, Barry Bonds’ 756th, Napoleon & the Bank of France, and the 2007 quant quake. Stay liquid.