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Thursday, May 21, 2026

Market School

Today's market is your classroom

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Daily Lessons

BROKER MECHANICSBeginner5 min read

How "Free" Brokers Actually Make Money

Robinhood says $0 commissions, but someone still gets paid. This lesson explains Payment for Order Flow, spread economics, and where hidden execution costs can show up.

PFOFBid-Ask SpreadRobinhoodBrokers

Economics Curriculum

23 lessons

Foundational concepts in macroeconomics, monetary policy, and market cycles — always available, no live data needed.

CENTRAL BANKINGBeginner7 min read

The Federal Reserve Explained

The Fed sets the price of money — understanding it is the foundation of macro investing.

INFLATIONBeginner6 min read

CPI, PCE, and How Inflation Moves Markets

Inflation reports are some of the most market-moving events — here's how to read them.

BONDS & RATESIntermediate8 min read

The Yield Curve: What It Signals

The 2-year vs 10-year yield spread has preceded every US recession in the past 50 years.

ECONOMIC DATAIntermediate6 min read

The Jobs Report (NFP): How to Trade It

The Non-Farm Payrolls report drops the first Friday of every month at 8:30 AM ET — markets react within seconds.

ECONOMIC CYCLESBeginner7 min read

GDP, Recessions, and the Economic Cycle

Knowing which phase of the economic cycle you're in is more important than picking individual stocks.

ECONOMIC CYCLESIntermediate7 min read

Sector Rotation Through the Economic Cycle

Smart money rotates between sectors as the economy shifts — here's the playbook.

GLOBAL MARKETSIntermediate6 min read

Dollar Strength and Its Effect on Markets

The US dollar is the world's reserve currency — its strength or weakness ripples through every asset class.

TRADE POLICYBeginner6 min read

Tariffs, Trade Wars, and Market Impact

Trade policy can reshape entire supply chains — here's how tariffs flow through to stock prices.

RISK MANAGEMENTAdvanced9 min read

5 Recession Signals to Watch

No single indicator predicts recessions perfectly — but these five together have a strong track record.

ECONOMIC DATABeginner5 min read

Reading the Economic Calendar

Scheduled economic releases move markets more predictably than random news — knowing what's coming is an edge.

CENTRAL BANKINGIntermediate7 min read

Quantitative Easing and Quantitative Tightening

QE and QT are the Fed's most powerful tools beyond rate policy — and they move markets in profound ways.

CENTRAL BANKINGAdvanced8 min read

Reading the Fed: Dot Plots and Forward Guidance

The dot plot doesn't tell you what will happen — it tells you what 19 officials currently think, and that gap is where traders make money.

INFLATIONAdvanced7 min read

Stagflation: When Inflation Meets a Weak Economy

Stagflation is the worst macro environment for investors — it breaks the traditional bond-stock hedge.

ECONOMIC DATABeginner5 min read

ISM PMI: The Manufacturing and Services Pulse

The ISM PMI is released the first business day of each month — and often sets the tone for equities that morning.

ECONOMIC DATAIntermediate6 min read

Housing Market Indicators and What They Signal

Housing is the rate-sensitive sector — it's often the first to slow and the first to recover.

OPTIONSBeginner8 min read

Options Basics: Calls, Puts, and Why They Move

Options are the most misunderstood tool in retail trading — but the concepts are simpler than most people think.

OPTIONSIntermediate7 min read

Implied Volatility, IV Crush, and the VIX

Implied volatility is the market's fear gauge — understanding it separates profitable options traders from losing ones.

EARNINGSIntermediate7 min read

How to Trade Earnings Season

Earnings season repeats four times a year — and creates some of the most predictable setups in all of trading.

EARNINGSBeginner6 min read

Reading a Company's Earnings Report

Earnings reports contain everything you need to know about a company's health — if you know where to look.

RISK MANAGEMENTIntermediate6 min read

Position Sizing: The Math Behind Staying in the Game

Most traders lose not because of bad stock picks, but because they size positions incorrectly.

TECHNICAL ANALYSISBeginner7 min read

Support, Resistance, and Moving Averages

Technical analysis doesn't predict the future — it shows you where everyone else is watching, and that's what matters.

MARKET MECHANICSIntermediate6 min read

Short Selling: How It Works and Why It Matters

Short sellers are the market's most valuable critics — understanding how they operate makes you a better long-side investor too.

BONDS & RATESIntermediate6 min read

Bond Duration and Interest Rate Risk

Duration is the single most important concept for understanding why long-term bonds fell 30–40% when rates rose in 2022.

Glossary

27 terms

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Suggested Next Topics
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  • Reading earnings guidance without overreacting
  • Macro headlines and sector rotation