# Markets Forty years of market work from Shayne Heffernan. Stocks, macro, ramblings and the KXCO build, published daily at Live Trading News. Canonical HTML: https://www.shayneheffernan.com/thoughts/markets --- Forty years of doing this has not changed the arithmetic. Debt cycles still overshoot, inflation still compounds, and bubbles still form around whatever is new. The rails are being replaced. The economics running on them are not. Corresponding Live Trading News centre: https://www.livetradingnews.com/center/stocks ## Essays on this desk - [There Is No AI Bubble](https://www.livetradingnews.com/there-is-no-ai-bubble) — 2026-10-07 - [How ML-DSA-87 Opens the Door to Government Contracts](https://www.livetradingnews.com/how-ml-dsa-87-opens-the-door-to-government-contracts) — 2026-10-07 - [KXCO Now Verifies ML-DSA-87 in Consensus, the Signature Level Named by the NSA](https://www.livetradingnews.com/kxco-now-verifies-ml-dsa-87-in-consensus-the-signature-level-named-by-the-nsa) — 2026-10-06 - [Weekly Market Outlook: Fed Minutes, Anthropic and OpenAI IPOs, Gold, Bitcoin, FX](https://www.livetradingnews.com/weekly-market-outlook-fed-minutes-anthropic-and-openai-ipos-gold-bitcoin-fx) — 2026-10-05 - [Post-Quantum Has a Deadline: 2030 for Keys, 2031 for Signatures](https://www.livetradingnews.com/post-quantum-has-a-deadline-2030-for-keys-2031-for-signatures) — 2026-10-05 - [KXCO Is the Layer Between the LLM and the World](https://www.livetradingnews.com/kxco-is-the-layer-between-the-llm-and-the-world) — 2026-10-05 - [The FDA Calendar to April 2027: 5 Biotech Stocks From the KXCO Biotech Ontology](https://www.livetradingnews.com/the-fda-calendar-to-april-2027-5-biotech-stocks-from-the-kxco-biotech-ontology) — 2026-10-05 - [Thoughts on Thinking in an AI World](https://www.livetradingnews.com/thoughts-on-thinking-in-an-ai-world) — 2026-10-03 - [Hegseth's AutoWarCom: Who Builds It, What the Money Buys, and the Record It Needs](https://www.livetradingnews.com/hegseths-autowarcom-who-builds-it-what-the-money-buys-and-the-record-it-needs) — 2026-10-02 - [Tokenising a Share in Code: the Register Entry, the Credential and 4 Checks](https://www.livetradingnews.com/tokenising-a-share-in-code-the-register-entry-the-credential-and-4-checks) — 2026-09-30 - [Tokenised Equity Has Rules Now, and Every Rule Tests the Share Register](https://www.livetradingnews.com/tokenised-equity-has-rules-now-and-every-rule-tests-the-share-register) — 2026-09-30 - [The 2030 Post-Quantum Deadline in Code: 6 Changes and the Test for Each](https://www.livetradingnews.com/the-2030-post-quantum-deadline-in-code-6-changes-and-the-test-for-each) — 2026-09-29 - [AI Development: The Token Got Cheaper, the Building Did Not](https://www.livetradingnews.com/ai-development-the-token-got-cheaper-the-building-did-not) — 2026-09-29 - [The Week the Discount Rate Gets a Vote](https://www.livetradingnews.com/the-week-the-discount-rate-gets-a-vote) — 2026-09-28 - [The Round Table Scorecard: 87 Days of a Live Ontology](https://www.livetradingnews.com/the-round-table-scorecard-87-days-of-a-live-ontology) — 2026-09-27 - [Careful of the Prompts You Give Yourself](https://www.livetradingnews.com/careful-of-the-prompts-you-give-yourself) — 2026-09-26 - [Wall Street Week Ahead: Rates, Oil, AI, Quantum, Defense, Metals and Bitcoin](https://www.livetradingnews.com/wall-street-week-ahead-rates-oil-ai-quantum-defense-metals-and-bitcoin) — 2026-09-21 - [KXCO is Enhanced Intelligence, Not Artificial](https://www.livetradingnews.com/kxco-is-enhanced-intelligence-not-artificial) — 2026-09-17 - [Your AI Agent and the Law: Who Acted, By What Right, and What You Can Prove](https://www.livetradingnews.com/your-ai-agent-and-the-law-who-acted-by-what-right-and-what-you-can-prove) — 2026-09-17 - [The AI Safety Argument Is Being Held in the Wrong Room](https://www.livetradingnews.com/the-ai-safety-argument-is-being-held-in-the-wrong-room) — 2026-09-17 - [Musk and Colossus: Inside the 1.29 Gigawatt Machine in Memphis](https://www.livetradingnews.com/musk-and-colossus-inside-the-129-gigawatt-machine-in-memphis) — 2026-09-17 - [Quantum Is Accelerating](https://www.livetradingnews.com/quantum-is-accelerating) — 2026-09-16 - [Ignore the Noise: AI Is Not Slowing Down](https://www.livetradingnews.com/ignore-the-noise-ai-is-not-slowing-down) — 2026-09-16 - [Quantum Cybersecurity: The KXCO Chain Is Already Running](https://www.livetradingnews.com/quantum-safe-cybersecurity-the-kxco-chain-is-already-running) — 2026-09-15 --- This Markdown mirrors https://www.shayneheffernan.com/thoughts/markets. The HTML page is canonical. Index for AI clients: https://www.shayneheffernan.com/llms.txt