Walmart

ASC 842 dragged operating leases onto the balance sheet. Here's how to read the line items, normalize cross-year comparisons, and avoid double-counting leverage.

A practical guide to which S&P sectors tend to lead in early, mid, late, and recession phases — and how to use the framework without overfitting to one cycle.

Spot and contract freight rates tell different stories about the real economy. The gap between them is where the actionable signal usually lives.