AJAX Research

Research-Driven
Investment Intelligence

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

Market OverviewLive — 04:47 AM ET
SPX
7,500.58+1.08%
NDX
30,406.19+2.48%
DJI
51,564.70+0.14%
VIX
16.86+2.80%
US3M
3.66%+1.1 bps
US10Y
4.45%-1.2 bps
US30Y
4.90%-2.5 bps
GC
4,192.30-1.26%
CL
75.76-0.12%
META——AAPL——GOOG——NVDA——SPX——VIX——BTC——GOLD——OIL——US10Y——META——AAPL——GOOG——NVDA——SPX——VIX——BTC——GOLD——OIL——US10Y——

0

Reports Published

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Sectors Covered

YTD Performance

Jan 1 – Present · Model Portfolio

AJAX
SPX
NDX

Market Snapshot

SPX

7,500.58

+1.08%

NDX

30,406.19

+2.48%

DJI

51,564.70

+0.14%

RUT

2,979.77

+2.12%

DXY

100.81

-0.04%

WTI Crude

$75.76

-0.12%

Gold

$4192.30

-1.26%

3M Yield

3.66%

10Y Yield

4.45%

VIX

16.86

+2.80%

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 18, 2026

ARGUS Brief

ARGUS Brief: Iran Deal Reshapes Markets, Fed Hawkishness Emerges — Post-Market

The U.S.-Iran deal's implementation drove equity rallies and oil to pre-conflict lows as the Strait of Hormuz reopened, while tech stocks benefited from risk-on sentiment. However, Fed Chair Warsh signaled unexpectedly hawkish inflation rhetoric, and geopolitical tensions remain unresolved with Israel expanding Lebanon occupation and Republican criticism mounting.

Jun 18, 2026

ARGUS Brief

ARGUS Brief: Iran Ceasefire Reshapes Energy Markets — Pre-Market

US-Iran ceasefire agreement signed Wednesday night, with tankers already moving through Hormuz and oil prices collapsing to multi-month lows. Market faces offsetting forces: geopolitical relief supporting equities, but hawkish Fed stance and dollar strength pressuring commodities and growth names. SpaceX IPO debut as fifth-largest company highlights mega-cap tech concentration.

Jun 17, 2026

ARGUS Brief

ARGUS Brief: Iran Deal Signed, Fed Rate Shock Roils Equities — Post-Market

Trump administration signed a 14-point memorandum with Iran ending military conflict and maritime blockades in the Gulf, a significant geopolitical de-escalation with major commodity and inflation implications. However, the market sold off sharply on Fed communication from new Chair Kevin Warsh, with the S&P 500 down 1.2% as bond yields surged, overshadowing the Iran deal's positive risk sentiment effects.

Jun 17, 2026

ARGUS Brief

ARGUS Brief: Fed Debut, Iran Deal, Energy Repricing — Pre-Market

Fed Chair Kevin Warsh holds his first post-meeting press conference today as markets reprice energy and growth expectations following a U.S.-Iran peace deal. Oil slides on supply outlook improvements while bond yields push lower ahead of Warsh's debut, with institutional focus on policy guidance and geopolitical risk de-escalation.

Jun 16, 2026

ARGUS Brief

ARGUS Brief: Iran Deal Reshapes Energy Markets & Tech Growth Slows — Post-Market

An interim US-Iran nuclear deal has triggered a significant repricing of oil markets, with Tehran authorized to immediately resume sales and creating deflationary pressure on energy prices. Simultaneously, high-growth tech names face margin compression as AI infrastructure costs surge, while geopolitical risk premiums are unwinding across equities and commodities.

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.