How AlphaGen is built.

Sources

AlphaGen uses primary sources only for every figure it publishes: the Bureau of Labor Statistics, the Bureau of Economic Analysis, the Census Bureau, the Federal Reserve Board and regional Reserve Banks, the U.S. Department of the Treasury (including TreasuryDirect and Fiscal Data), the Energy Information Administration, the CFTC, official foreign central banks, and company filings with the SEC and company investor-relations releases. News coverage may alert us to a development, but we never cite a news outlet as the source of a figure.

How the Wire and research are produced

AlphaGen uses AI-assisted research tools, operating under fixed editorial rules, to monitor official releases throughout the day and draft Wire pieces, mover theses, briefs, and notes. Those rules require every number to be taken directly from the primary source it links to, prohibit stock-price and percentage-move claims in written content, prohibit buy, sell, or hold recommendations and price targets, and require that anything that cannot be verified is left out. Wire pieces are scheduled to publish a few minutes apart.

Movers

Mover theses cover large, liquid U.S. companies with significant moves during the session. A stock is included only if its move can be tied to a verifiable company-specific disclosure (an earnings release, 8-K, guidance update, transaction announcement, or regulatory decision) or to official data clearly tied to its sector. Live price action is shown by the chart beside each thesis, not in the text.

Macro dashboard signals

Each indicator is pulled from FRED (Federal Reserve Bank of St. Louis), which republishes the underlying official series. The headline value is the latest observation, transformed where noted (for example, year-over-year percent change for price indexes, or monthly change for payrolls). The signal compares the latest value with the value roughly three months earlier: three observations for monthly data, thirteen for weekly data, and about sixty-three trading days for daily data. Signals are colored green when the direction is generally supportive of growth and stable prices (for example, falling credit spreads or falling inflation) and red when it is not. Indicators without a clear "good" direction, such as the policy rate, are shown in neutral blue. Signals are descriptive, not forecasts.

Treasury auctions

Auction data comes from the U.S. Treasury's Fiscal Data API. The high rate is the highest accepted yield (bills on an investment-rate basis; floating-rate notes show the high discount margin). Bid-to-cover is total bids divided by the amount accepted. Indirect and primary-dealer shares are each group's accepted amount as a share of total competitive awards. "vs prior" compares bid-to-cover with the most recent auction of the same security type and term.

Yields and debt

Yield curve data uses the Treasury's Daily Par Yield Curve Rates, published after each trading day. Total public debt uses the Treasury's Debt to the Penny dataset. Both refresh automatically.

Market data

Live quotes, charts, heatmaps, and mover lists are provided by TradingView and may be delayed. AlphaGen does not verify third-party market data.