Weekdays: how the US market moves.

What you get

The morning log

Where the market stands, plus the three biggest gains and drops of the previous day. Every weekday, before the open.

The Sunday letter

What the week added up to, and how the markets and my own trading account moved.

No tips

This is here to be understood. It is not investment advice and not a tip sheet, and it is built so that it cannot be copied.

The market, week by week

  • far above
  • above
  • inside
  • below
  • far below

Several hundred US stocks, measured every night since January 2025. Gold sits above its own range, teal below. The dashed lines mark where each boundary has usually sat.

My investment account

The stocks I hold for the long run. Set to 100 on the first day.

My investment account: +2519,5 %
since 2016-01-04+2519,5 %2026-08-28

YTD

+56,9 %

1 year

+78,0 %

3 years

+321,4 %

5 years

+376,5 %

10 years

+2335,2 %

⌀ per year

+35,9 %

Median year

+31,7 %

Sharpe

1,25

Sortino

1,52

Calmar

1,00

Daily values. Before fees and taxes.

How I trade

Momentum picks the shortlist. My own channel model sets entry and exit. Every order by hand.

Losing weeks are reported like winning ones.

Start reading

Weekday mornings and Sunday afternoons. Free. Leave whenever you want.

Substack

No advice and no recommendations. Just what happened.

Who writes it

Ludwig J. Marx. Germany, New York trading hours.

Read a few issues and judge for yourself.