AJAX Research

Research-Driven
Investment Intelligence

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

Market OverviewLive — 03:41 AM ET
SPX
7,580.06+0.22%
NDX
30,333.18+0.36%
DJI
51,032.46+0.72%
VIX
15.32-2.67%
US3M
3.59%-0.2 bps
US10Y
4.45%-0.2 bps
US30Y
4.99%+0.8 bps
GC
4,593.00+1.34%
CL
87.36-1.73%
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

7,580.06

+0.22%

NDX

30,333.18

+0.36%

DJI

51,032.46

+0.72%

RUT

2,919.34

-0.59%

DXY

98.94

-0.08%

WTI Crude

$87.36

-1.73%

Gold

$4593.00

+1.34%

3M Yield

3.59%

10Y Yield

4.45%

VIX

15.32

-2.67%

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

May 29, 2026

ARGUS Brief

ARGUS Brief: Iran Nuclear Brinkmanship Rattles Energy Markets — Post-Market

Trump administration signals imminent decision on Iran nuclear deal as new sanctions target Tehran's financial apparatus, triggering commodity volatility and bond market stress across developed economies. Global energy supply chains face disruption as Philippines receives Iranian crude amid wartime logistics constraints, while Japan's oil imports hit 64-year lows. ECB warns of dual consumer demand shock across eurozone if Iran tensions persist.

May 29, 2026

ARGUS Brief

ARGUS Brief: Iran Deal Framework Lifts Risk Assets, Oil Retreats — Pre-Market

Markets are pricing in a potential US-Iran ceasefire framework agreement, driving a broad de-risking trade: oil prices falling sharply, equities gaining on relief rally, and the US dollar weakening. However, geopolitical tensions persist with competing signals from the Trump administration, while underlying inflation pressures remain elevated—creating a complex macro backdrop heading into the long weekend.

May 28, 2026

ARGUS Brief

ARGUS Brief: Geopolitical Relief & Inflation Concerns Clash — Post-Market

US equities surged to record highs on Iran ceasefire extension agreement, but momentum faces headwinds from the largest annual inflation increase in three years and lingering geopolitical execution risk pending Trump approval. AI strength in Snowflake and Arm offset retail sector caution as investors parse conflicting macro signals.

May 28, 2026

ARGUS Brief

ARGUS Brief: US-Iran Escalation Roils Markets, Oil Spikes — Pre-Market

The US-Iran ceasefire is actively unraveling with mutual airstrikes reported overnight, creating a direct supply shock to global energy markets and triggering flight-to-safety dynamics across equities. Oil prices are rallying on Strait of Hormuz concerns while equities falter, the dollar strengthens on geopolitical risk premium, and gold slides despite inflation fears as rate expectations shift. Critical PCE inflation data arrives today amid this heightened volatility.

May 27, 2026

ARGUS Brief

ARGUS Brief: Iran Escalation Roils Energy, Commodities Split Markets — Post-Market

US military strikes on Iranian military sites triggered oil rebound and geopolitical risk repricing across global markets on May 27, 2026. Negotiations remain deadlocked despite Iranian claims of a draft deal, leaving Strait of Hormuz access and energy prices in flux. Commodity winners (aluminum, oil) and losers (equities exposed to Middle East demand) are diverging sharply as investors recalibrate war premium and stagflation risk.

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.