Every question, settled in the open.

Next test · Dec 14, 2026Oracle's second quarter: whether customer prepayments with a financing component pass 40% of operating cash for the six months to November 30, from 49.2% in the quarter to August 31, 2026.

Next test · Nov 18, 2026Nvidia reports its quarter to October 25, 2026: whether days sales outstanding, receivables over revenue times 91, hold at or above 51.1, the average before July, after 59.6 in the quarter to July 26.

Next test · Dec 31, 2026The 10-year: whether FRED's daily series closes at 5.50% or higher on any business day from October 16 through December 31, 2026, after a 5.31% high on October 5.

Next test · Oct 28, 2026Alphabet's September quarter: whether capital spending takes 80 cents or more of each dollar of operating cash, after 49.5 cents a year earlier and 95.0 cents in the first half of 2026.

Next test · Oct 20, 2026The federal price data for August: whether the median twelve-month rise in household prices across PJM's nine jurisdictions stays at least four points above the median of the other 42, from 11.7% against 5.6% in July.

Next test · Oct 28, 2026Alphabet and Microsoft report, and the Fed decides the same day: whether the TPU system sales inside Google Cloud's backlog get a size, and whether Cloud growth holds near the second quarter's 82% without them.

Next test · Oct 28, 2026Microsoft reports: the share of backlog due within twelve months, 30% last quarter, and whether the near book's growth closes on the far book's 113%; at Alphabet, whether the TPU contracts inside cloud backlog get a size; at Meta, which reports October 21, whether the $10.8 billion of restricted cash stays restricted.

Next test · By Oct 31, 2026Anthropic filing or listing reveals audited revenue, losses and concentration, testing the $400B revenue milestone.

Next test · Oct 21, 2026Meta reports its September quarter; users, transaction volume and fees would show whether downloads are becoming a business.

Next test · Oct 29, 2026September-quarter results test cash flow toward $2 trillion and whether maintenance costs enter accounting.

Next test · Oct 28, 2026The Fed meets; another hike would support Klein’s inflation reading, while no move would strengthen Paulson’s case that September was a mistake.

Next test · Dec 10, 2026ERCOT is due to verify its first large-load batch study; the cleared list shows whether Texas weeds out speculators or rations power.

Next test · Jan 3, 2028Return on invested capital should be visible by Romero’s deadline; failure would turn today’s extraordinary economics into a first-year illusion.

Next test · Jan 1, 2027Alphabet discloses its higher 2027 budget; a rise in the stock revives the defense case, another fall validates the return test.

Next test · Nov 10, 2026Short-term premiums collapsing toward long-term rates would weaken the backwardation warning; persistence would make it harder to dismiss.

Next test · Jan 1, 2027Quarterly deployed gigawatts will test the roughly 10 GW site plan against 0.4 GW operating now.

Next testIf end demand survives market-rate financing, the financed-demand warning weakens; if recurrence falls, private-credit risk moves to the front.