Tuesday, May 12, 2026The LedgerLos Angeles Edition

The Ledger

A weekly reading of markets, written for operators and allocators.

§ 02

The Public Equities Ledger

A twice-weekly dashboard of credit market signals for AI and hyperscaler equity investors. What credit is saying that equity is not.

Latest · №1

Oracle's 5Y CDS is at 198bps. The credit market is asking a question equity has not.

The first Public Equities Ledger. The Credit Monitor goes live, with one indicator already on watch. What it means, and what to track next.

Read the issue →
Subscribe

The Public Equities Ledger, Monday and Friday mornings.

Free. No spam. Unsubscribe anytime. We use a small amount of data to deliver what you asked for, and nothing more.