https://shanehixon.com/the-house-view/ Independent investment research on markets, capital, and power. By Shane Hixon. en-us Copyright 2026 Shane Hixon Fri, 09 Oct 2026 00:00:00 GMT https://shanehixon.com/the-house-view/oil-is-still-in-charge/ https://shanehixon.com/the-house-view/oil-is-still-in-charge/ Fri, 09 Oct 2026 00:00:00 GMT Energy Washington wants lower inflation, cheaper energy, and continued pressure on Russia. The oil market is demonstrating how difficult it is to have all three. Moving Oil Now Costs More Than Launching a Rocket Shane Hixon Issue 08 https://shanehixon.com/the-house-view/meta-doesnt-need-the-best-model/ https://shanehixon.com/the-house-view/meta-doesnt-need-the-best-model/ Fri, 02 Oct 2026 00:00:00 GMT Companies The AI race is moving beyond model benchmarks. Meta already owns the distribution, cash generation and consumer surfaces that become more valuable if intelligence gets cheaper. Distribution, Not Benchmarks Shane Hixon Issue 07 https://shanehixon.com/the-house-view/the-ai-boom-meets-a-5-percent-world/ https://shanehixon.com/the-house-view/the-ai-boom-meets-a-5-percent-world/ Fri, 25 Sep 2026 00:00:00 GMT Macro Artificial intelligence promises cheaper output. Building the infrastructure to deliver it is becoming more expensive to finance. The Cost of Waiting Is Rising Shane Hixon Issue 06 https://shanehixon.com/the-house-view/the-fed-raised-rates-the-market-looked-past-them/ https://shanehixon.com/the-house-view/the-fed-raised-rates-the-market-looked-past-them/ Fri, 18 Sep 2026 00:00:00 GMT Markets Stocks fell on the decision, then rallied as bond yields and oil eased. Investors were pricing what comes next. The Fed hiked 25 bp on September 16. A day later the Nasdaq was up 1.68% from the pre-decision close and the S&P 500 up 0.69%. The Dow was still down 0.60%. Shane Hixon Issue 05 https://shanehixon.com/the-house-view/europe-is-digging-faster-than-it-can-climb/ https://shanehixon.com/the-house-view/europe-is-digging-faster-than-it-can-climb/ Fri, 11 Sep 2026 00:00:00 GMT Macro Europe has spent decades deciding how the economic pie should be divided while paying too little attention to whether the pie is still growing. The EU's old-age dependency ratio rose 19% in a decade while productivity stayed roughly 20% below the U.S. Fragmented markets, thin risk capital and costly energy make that gap harder to close. Shane Hixon Issue 04 https://shanehixon.com/the-house-view/why-youre-behind-on-ai/ https://shanehixon.com/the-house-view/why-youre-behind-on-ai/ Fri, 04 Sep 2026 00:00:00 GMT AI The frontier is moving faster than institutions can absorb it. The advantage now belongs to people who build the shortest learning loop. GPT-6 Astra, Nvidia's proposed acquisition of Hugging Face, record AI investment, and uneven labor data show why staying current with AI is now an impossible standard, and why a fast learning loop matters more than comprehensive awareness. Shane Hixon Issue 03 https://shanehixon.com/the-house-view/the-30-trillion-ai-story-just-met-the-earnings-ledger/ https://shanehixon.com/the-house-view/the-30-trillion-ai-story-just-met-the-earnings-ledger/ Fri, 28 Aug 2026 00:00:00 GMT AI Anthropic supplied the pitch. Salesforce and Nvidia supplied the evidence. Anthropic reportedly pitched an AI market worth more than $30 trillion a year. One day later Salesforce and Nvidia reported, and the market paid more for the application layer than for compute. Shane Hixon Issue 02 https://shanehixon.com/the-house-view/more-money-than-god-meets-40-trillion/ https://shanehixon.com/the-house-view/more-money-than-god-meets-40-trillion/ Fri, 21 Aug 2026 00:00:00 GMT Macro Scott Bessent must convince markets the world's largest borrower still deserves the world's lowest risk premium. The pace of borrowing says otherwise. Federal debt crossed $40 trillion the same week the long bond hit a 19-year high. Treasury doubled its buybacks. Neither the milestone nor the response changes the budget arithmetic. Shane Hixon Issue 01