Alina Khay
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The Great Economic Repricing
Why the Forces That Made the World Cheap Are Reversing
Aug 30
•
Alina Khay
56
9
Why Silver May Be Setting Up for Another Repricing
Silver’s Structural Bull Case Is Getting Stronger
Aug 25
•
Alina Khay
88
13
12
Gold Has Stopped Waiting for Real Rates
When an asset rallies through the condition meant to restrain it, the market is repricing the reason it owns it.
Aug 21
•
Alina Khay
83
2
12
What a Calm VIX Is Hiding
The Market’s Hidden Volatility Is a Correlation Trade
Aug 16
•
Alina Khay
73
1
11
The Gold Trade Starts Where AI Crowding Ends
Gold starts to matter when the marginal investor stops adding to crowded AI/growth exposure and starts asking a question: what protects the portfolio if…
Aug 9
•
Alina Khay
76
16
July 2026
Why Stock Valuations Don’t Predict Crashes (And What Actually Does)
A framework for separating the odds of a stock market crash from the depth of one—and where US equities sit as of 29 July 2026.
Jul 29
•
Alina Khay
71
14
The Trapped Central Bank: Why Debt Service Anchors Hard Assets
The rates market is pricing a fantasy.
Jul 23
•
Alina Khay
60
13
Is Euphoria Over? Reading the Mid-July Regime Shift
And the Late Cycle Capital Rotation
Jul 17
•
Alina Khay
60
13
Why Does Alpha Disappear Exactly When Opportunities Appear to Be Increasing?
And how Poker can explain this paradox
Jul 12
•
Alina Khay
59
10
What Really Drives Gold Now
It isn't real yields
Jul 8
•
Alina Khay
53
11
How I Forecast a Market This Crowded: Odds, Precedents and Exits
A record equity overweight, a bond hedge that stopped working, and the Exit Census that counts what is left
Jul 5
•
Alina Khay
52
10
America Turns 250. Here's What the Stock Market Is Really Telling Investors About Q3
Markets don't break because they're concentrated. They break when concentration meets a macro shock.
Jul 1
•
Alina Khay
68
13
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