PixelPixel · partner editions

State of the Macro

Index. Locked monthlies stay frozen. The quarterly draft cites them until calendar quarter close.

Not trade advice — not a buy list

2026 Q3

July – September · locked 22 October · chapter tape remains August

• Q3 partner report A–G · September folded · locked
• Q3 draft copied to the lock · do not edit
• July 2026 monthly · reconstructed
• August 2026 monthly · locked
• Special report Is the BTC bear over? August tape · not confirmed
• Case study Druckenmiller / Duquesne Q2 2026 13F · reverse the vehicle
• Case study Aschenbrenner / Situational Awareness Fund life · letters + wires
• September 2026 monthly · locked · freeze 30 Sep · current

2026 Q4

October – December · draft started · October not poured

• Q4 partner report draft · no A–G yet · working
• October 2026 monthly · month ahead · not poured
• November 2026 monthly · not poured
• December 2026 monthly · not poured

Case studies · long window

Not a quarter · sits after the year · not your 11

• Long window Druckenmiller · 10 years 2016–H1 2026 · sampled 13F
• Screen What the book calls cheap 21 Oct closes · not the October monthly

Shortcut to the running quarterly: /quarterly. Codes: Glossary. Same list lives at /editions.