AJAX Research

Research-Driven
Investment Intelligence

Institutional-quality equity analysis, quantitative modeling, and market commentary. Built for serious investors.

Market OverviewLive — 08:46 PM ET
SPX
7,383.74-2.64%
NDX
28,957.60-4.77%
DJI
50,866.78-1.35%
VIX
21.51+39.68%
US3M
3.63%+0.5 bps
US10Y
4.54%+5.9 bps
US30Y
5.00%+2.1 bps
GC
4,353.90-3.35%
CL
90.25-3.00%
META——AAPL——GOOG——NVDA——SPX——VIX——BTC——GOLD——OIL——US10Y——META——AAPL——GOOG——NVDA——SPX——VIX——BTC——GOLD——OIL——US10Y——

0

Reports Published

0

Sectors Covered

YTD Performance

Jan 1 – Present · Model Portfolio

AJAX
SPX
NDX

Market Snapshot

SPX

7,383.74

-2.64%

NDX

28,957.60

-4.77%

DJI

50,866.78

-1.35%

RUT

2,833.50

-3.47%

DXY

100.07

+0.66%

WTI Crude

$90.25

-3.00%

Gold

$4353.90

-3.35%

3M Yield

3.63%

10Y Yield

4.54%

VIX

21.51

+39.68%

Live · refreshes every 15s

Latest Coverage

Research Reports

RTXFeb 9, 2026
DefenseNEUTRAL

RTX Corporation: Positioned for a Multi-Year Defense Re-Rating, but Valuation Reflects the Outlook

RTX's earnings are structurally supported by missile defense demand, sustainment-heavy procurement programs, and a recovering commercial aerospace aftermarket, providing multi-year revenue visibility. However, current valuation already reflects normalized earnings and backlog visibility, leaving forward returns dependent on operational execution and sustained geopolitical defense spending rather than multiple expansion.

PT: $206.00
XAU/USDJan 30, 2026
CommoditiesOVERWEIGHT

Gold (XAU/USD): A Structural Reserve Asset in an Era of Fiscal Dominance and Geopolitical Fragmentation

AJAX Research maintains a Strategic Overweight on gold as elevated sovereign debt, persistent fiscal imbalances, sustained central bank accumulation exceeding 1,000 tonnes annually, and rising geopolitical fragmentation have transformed gold from a cyclical hedge into a structural reserve asset. Over the past five years, gold has outperformed the S&P 500 by approximately 28.5% on a total return basis, reinforcing its capacity to preserve real value through macroeconomic stress.

View all reports →

Commentary

Recent News

Jun 5, 2026

ARGUS Brief

ARGUS Brief: Middle East Risk Stabilizes; Sector Rotation Accelerates — Pre-Market

Oil markets steady on Oman reassurances and ceasefire hopes, while equity markets rotate away from mega-cap tech into healthcare and defensive sectors. Geopolitical risk remains elevated but priced-in; corporate guidance cuts signal consumer resilience is being tested by energy and macro headwinds.

Jun 4, 2026

ARGUS Brief

ARGUS Brief: Earnings Miss, Geopolitical Tensions Cloud Rally — Post-Market

Thursday's equity rally masks significant underlying weaknesses: Lululemon's weak guidance signals consumer softness, Broadcom's 15% plunge reflects semiconductor sector strain, and Middle East tensions remain unresolved despite ceasefire rhetoric. Oil fell on tentative Iran deal hopes, but geopolitical risk premiums remain embedded across markets. Regulatory tailwinds (SEC disgorgement ruling) provide modest support, but forward guidance deterioration is the dominant near-term headwind.

Jun 4, 2026

ARGUS Brief

ARGUS Brief: Tax Policy Shock, Middle East Ceasefire, China Stimulus — Pre-Market

Trump's tax bill contains a double-taxation trap for high-net-worth individuals that could reshape wealth planning; Israel-Lebanon ceasefire agreement reduces geopolitical risk premium in oil and supports risk appetite; China cuts retail fuel prices as demand weakness persists despite supply tightness, signaling slowing growth.

Jun 3, 2026

ARGUS Brief

ARGUS Brief: Geopolitical De-escalation, Tech Earnings Volatility — Post-Market

Wednesday's session was dominated by de-escalatory signals in the Middle East—House votes to end Iran war, Israel-Lebanon ceasefire implementation, and Trump's nuclear agreement claims—offsetting modest semiconductor earnings disappointments. Energy markets tightened on supply concerns while equities held steady pending resolution of tech earnings flow and geopolitical risk premium recalibration.

Jun 3, 2026

ARGUS Brief

ARGUS Brief: Middle East Escalation, Tariffs, Supply Shocks — Pre-Market

Iran's escalating military attacks on US and Gulf targets alongside Trump's new tariff threats on the EU create a dual shock: geopolitical risk driving oil higher and trade uncertainty weighing on equities. Simultaneous supply disruptions in critical materials like tungsten add inflationary pressure to an already fragile macro backdrop.

About AJAX Research

Institutional Analysis, Independent Voice

AJAX Research applies the analytical frameworks of top-tier investment institutions to deliver equity research that is both rigorous and actionable. Built by investors, for investors.

01

Fundamental Research

Bottom-up equity analysis grounded in financial modeling. DCF, comps, and scenario analysis for every coverage initiation.

02

Quantitative Rigor

Data-driven decision-making with statistical validation. Every thesis is stress-tested against historical evidence and market reality.

03

Independent Perspective

No investment banking conflicts. No sell-side pressure. Research driven solely by analytical merit and evidence.

04

Risk-Adjusted Thinking

Position sizing, drawdown analysis, and margin of safety are built into every recommendation. Risk management is never an afterthought.