Higher than Anticipated
Citizens of an honest republic can decide for themselves when to go out of doors. But the subjects of an empire ask permission. They get bread; they must join in the circuses too.

Citizens of an honest republic can decide for themselves when to go out of doors. But the subjects of an empire ask permission. They get bread; they must join in the circuses too.
By Bill Bonner,
US stocks fell sharply overnight, led by the banks following a 60% drop by SVB Financial. Piedmont and Atlantic Lithium respond to short report.

Gold miner Alkane has broadened its portfolio with an extra two projects it has taken from Sandfire, in exchange for $1.9 million worth of its shares.
By Mahlia Stewart,

Xero is primed to absolve 700–800 jobs and pull out of its Waddle cloud-based company as it aims to save on costs and position the business to the pathway of ‘disciplined growth’.
By Mahlia Stewart,
US stocks mixed overnight as Powell reiterates rates message. Myer interim profit doubles. Xero cuts jobs.

Shares were falling more than 3% for Neometals critical battery materials recycler, even as the group updated shareholders that its latest PFS revealed a 40% increase in pre-tax NPV to US$323 million.
By Mahlia Stewart,
Investment ideas from the edge of the bell curve.
Go beyond conventional investing strategies with unique ideas and actionable opportunities. Our expert editors deliver conviction-led insights to guide your financial journey.
All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.
The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.
Fat Tail Daily is brought to you by the team at Fat Tail Investment Research
Copyright © 2026 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988