Saturday Intelligence Briefing — 12.20.25

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Evolution of the Little Black Book

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The Quill Intelligence Team

Warts and All, the CPI Green Lights the Fed

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Pressing Concerns

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New York is High on the Watch List for Labor Strife and Proxies National Underperformance

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The Weekly Quill — The QI Research 2026 Outlook

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Overreactions Need Not Apply

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Downside Employment Risks Transitioning to Upside Unemployment Risks

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Embrace the Chaos

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Disinflation Spilling into Multiple Sectors Should Speed the Fed Easing Cycle

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