It’s how the rich get richer…



Daily Market Alert



Saturday, September 12, 2026 • Daily Market Alert

You are receiving this email because you are subscribed to Daily Market Alert,
a publication from Behind the Markets.
If you no longer wish to receive these sponsored emails, please unsubscribe
here
<[link removed]>
.




Sponsored Content




Dear reader,



Elon Musk is worth more than anyone in human history.



Yet he lives in a 400-square-foot prefab box in Boca Chica, Texas.



Why?



Because Elon doesn't spend money on himself.



He spends it taking over industries.



Every payday he's ever had... $22 million from Zip2, $175 million from
PayPal... went straight into his next conquest.



Now the SpaceX IPO just handed him $2.1 trillion.



Former CIA analyst Dr. Mark Skousen has identified the three companies he's
coming for next... <[link removed]> and says early
investors could see 100% overnight when he strikes.



See the details of Elon's "Hit List" before he starts spending.
<[link removed]>



Good investing,



Rachel Gearhart
Publisher, The Oxford Club

See the details here > <[link removed]>

 


Suggested Reading by Morning Watchlist from Behind the Markets:

Oracle said 121%. The Fed still says maybe.

Morning Watchlist: Saturday Edition

It's Saturday morning, and the market crammed five days of news into four.
Labor Day Monday, then a sprint: oil through $100 a barrel, two inflation
reports running warm, a brand-new list of banned goods at the border, and the
priciest iPhone lineup ever wheeled onto a stage.

Four stops on the tour. Let's get into it.

1) The Barrel Went Triple-Digit

The loud story first. On Tuesday the Dow gave up about 600 points as the Gulf
escalated. On Wednesday morning, Brent crude pushed through $100. Thursday it
kept going — Brent at $105.37, up another 3.6%, WTI at $100.10 — after Iranian
missiles targeted a U.S. warship, five Iranian tankers were destroyed, and
Houthi strikes forced Saudi Arabia to idle facilities in its south. By Friday
morning the market was exhaling: WTI back near $99 and Brent under $104, both
down more than 3% — still war prices, just less fevered. We spent the week
deliberately placing calls around that fire, not in it.

Magnolia Oil & Gas — Thursday's fresh Buy, flagged at Tuesday's close of
$27.42 after it rose 2.3% into a 600-point Dow drop. The thesis was that Eagle
Ford barrels reprice with every Gulf headline while never seeing a strait or a
war-risk premium — and the market spent Wednesday and Thursday writing that
thesis into the price of crude itself. Friday morning's 3% give-back is the
honest reminder we printed with the call: de-escalation is the cheerful way to
lose this one, and we'd take that trade. Still Buy.

Darling Ingredients — Monday's Buy at $65.75 closed Wednesday at $67.51, up
nearly 3%, with the record diesel market it sells into still setting records.
Paid at both ends of the truck route, and the route got longer this week. Still
Buy.

Murphy USA — here's a grade we promised. The named aisle risk arrived Tuesday
night: Casey's beat estimates by 65 cents and fell roughly 10% anyway, because
40-times-earnings priced for perfection has no room for merely good. And Murphy
USA? It closed Wednesday at $517.46 — above our $511 flag — while its glamorous
neighbor got marked down. The 15.6-times seatbelt did exactly what we bought it
for. Still Buy.

Royal Gold — Thursday's other fresh Buy, flagged at $261.37. Gold sat near
$4,383 Thursday and was still holding there Friday morning, down half a percent
after the CPI — giving up almost nothing in a week that pushed Treasury yields
to their highest in nearly three years. And the buyers keep coming: about $18
billion flowed into gold ETFs in August, the second-largest monthly inflow on
record. Royal Gold closed Wednesday at $262.54, right at the flag. The
songwriter collects either way, and with $100 oil inflating every miner's
diesel bill, we like the seat with no fuel surcharge more each day. Still Buy.

2) The Referees Ruled Against Our Reasoning — and For Our Calls

Last Saturday we promised to grade the Robert Half sell out loud once the
jobs referee spoke. He spoke. Time to grade.

Our August 30th Sell near $39.50 named its own kill switch in writing: a
payroll rebound, because staffing operating leverage is vicious on the way up.
The August jobs report then delivered exactly that — 162,000 jobs against
roughly 56,000 expected. By the strict letter of our thesis, we should have
been wrong.

Instead, Robert Half fell from $42.90 the previous Wednesday to $38.48 by
this Wednesday afternoon — a slide of roughly 10%, finally below our flag.

What happened? Strong jobs stopped being good news. A hot labor market plus
hot inflation put a Fed hike back near the front of the odds, and a staffing
company at 35 times trailing earnings — with a dividend costing twice its
profits — deflates fast when the discount rate rises. We braced to be wrong for
a respectable reason; the market skipped our script and agreed with our price
anyway. We'll take the grade and note the humility: right call, partial credit
on the reasoning. Sell stands.

The same referee graded our M/I Homes exit. We flipped that Buy to Sell on
September 3rd near $146, refusing to bet on a jobs-report rescue. The rescue
never came — hot payrolls, fresh yield highs — and the stock traded at $141.34
Wednesday, about 3% below our exit. Sold, and still sleeping fine.

Then the inflation referees spoke, back to back. Thursday morning, August
producer prices rose 0.4% on the month with the annual rate jumping to 5.4%
from 4.8% — energy doing the pushing. And Friday morning came the main event:
consumer prices rose 0.4% on the month, in line with forecasts, with the annual
rate at 3.4% — but core CPI ran 0.3%, a tenth hotter than expected. Not the
cooling that calls off a hike. Futures held the odds of next week's hike near
70%, up from the coin flip that started the week, and stock futures actually
edged higher Friday morning — relief, apparently, that it wasn't worse.

Which frames the rest of the rate shelf. Tradeweb, Sunday's Buy at $106,
closed Wednesday at $102.94, down about 3% — the argument it hosts got louder
all week and now runs straight into a live Fed decision; record August volumes
were already in hand, and we're paying for patience while the fee-mix worry
gets debated. Still Buy. Frontdoor sat right at our $81 flag on the latest tape
we could verify, with the 30-year mortgage at 6.85% freezing its market into
place. Still Buy. And Costco, Monday's Sell-into-strength near $930, traded at
$903 Thursday — the deflating multiple deflating on schedule, business as
wonderful as ever. Sell stands, for holders.

3) Bans, Bureaus, and the Border

Tuesday at 12:01 a.m., Canada's counter-tariffs went live. Wednesday,
Washington answered with something blunter: an outright import ban on Canadian
motorcycles, dairy, and most alcohol, effective September 29. The trade war
stopped being a pricing story and became a seating chart.

Embraer — Wednesday's Buy at $73.81 on exactly that logic: the Brazilian
planemaker already sits inside the room, tariff-exempt since February and
assembling jets in Florida for fifteen years, while Trump threatens
Bombardier's U.S. access by tweet. The stock closed Wednesday at $74.33 and
ticked up to $74.70 Thursday morning.

Continue Reading →
<[link removed]>






At Daily Market Alert <[link removed]>,
our priority is delivering insightful perspectives on the financial landscape
straight to our audience.The content above is an important message from one of
our highly valued sponsors.






This email is sent on behalf of Daily Market Alert, a Behind the Markets LLC
("the Company") publication, including its managers, employees, and assigns.
The Company does not provide any guarantee or warranty regarding the accuracy
or reliability of the information advertised herein.

The Company is not affiliated with any specific security mentioned in this
email, nor does it receive compensation from any such entity

Please be advised that the Company is not registered or licensed by any
governing body in any jurisdiction to offer investment advice or
recommendations.

None of the content in this email should be construed as personalized
financial advice. Any investment decisions made based on the information
provided should be done so only after consulting with a qualified investment
advisor and conducting a thorough review of the relevant prospectus or
financial statements

You are receiving this because you signed up for the Daily Market Alert
newsletter.

Daily Market Alert is a Behind the Markets <[link removed]>
Publication.

Behind the Markets, LLC

4260 NW 1st Ave #55, Boca Raton, FL.

Unsubscribe
<[link removed]>
Terms of Use <[link removed]> Privacy Policy
<[link removed]>