Gulfstream · published on Substack
Reading the market
Clarity in a noisy world. At Gulfstream, the reading goes out almost every day: an objective market update, a macroeconomic read and three fixed columns a week. No inflated jargon and no promise of returns. What you take from here is the filter that separates noise from what actually moves price over the long run.
Institutional order flow, futures, global macro and US markets. All in the open, all dated, including what did not work out.
The schedule
Three columns, three days
Week Ahead
The map of the week ahead: calendar, data and what could move price. And what probably will not.
Wednesday is Flow Day
Institutional order flow and derivatives. Who is positioned, where, and what that suggests about what comes next.
Week Recap
The week just gone, without revisionism: what was on the radar, what actually happened and where the reading was wrong.
Start here
Five pieces that set the tone
- The 14% CDI does not existThe arithmetic nobody does before falling in love with Brazilian fixed income.
- The yen was the weaponJapan was not the patient. It was the scalpel.
- The Raízen numbers, in the openHow the number came to R$ 0.26, step by step, with every assumption on display.
- The memory shortageThe physical bottleneck behind the AI thesis the market was slow to price.
- The little plane and the correlationWhat one order flow pattern reveals when nobody is looking at it.
Live now
Latest posts (published in Portuguese)
- pensamentos sobre o Fed, taxa de juros e posicionamento.
- A dinamica dos market makers no Brasil e nos USA.
- IBOVESPA no modo squeezeeee
- Tese sobre duração de ciclo e captura de valor na infraestrutura de IA
- tudo que vc precisa saber para começar a semana em 2 min.
- Material investigativo. Leia antes de investir.