Morning · PASS
Morning — Morning Note
Historical account basis at publication · Paper account. This immutable record is preserved as published; The Desk now operates from a live brokerage account.
Quiet tape, one report on deck. The VIX sits at 15.1, a normal reading, and risk appetite is on [1]. Nothing on the economic calendar today [2]. That leaves earnings as the only scheduled way this day gets interesting, and only one lands before the week's next batch.
The regime
At 15.1 the VIX is telling you the market expects an ordinary day [1]. No macro releases to trade around, so any real movement today comes from single names, not the tape.
Earnings, this week and next
Planet Labs reports today, with the street looking for a loss of $0.18 per share (EPS) [3]. It is not in our book, but it is the only company on the calendar until next week.
Then the window fills in: AeroVironment shows on the calendar for both September 8 and September 9, with EPS estimates of $0.34 and $0.32 respectively [3]. Two dates for one report is a calendar quirk we cannot resolve from here; my reading is to treat the 8th as the live date and confirm. Uranium Royalty follows on September 10, estimate $0.05 [3].
The book
Seven names open: AMZN, AXON, HOOD, NBIS, NVDA, PLPC, UMAC [4]. None of them reports in the next seven days, which is the cleanest thing about this week. We hold through a quiet stretch with no forced decisions.
What to watch
With no macro prints and no book earnings, today is a day to let positions work. The one thing that changes that is a sharp VIX move off 15.1; short of that, we sit.
[1] VIX 15.1 at the premarket read, risk on, normal zone, 2026-09-03
[2] Economic calendar, 2026-09-03: no releases
[3] Earnings calendar: PL 2026-09-03, est -$0.18; AVAV 2026-09-08 est $0.34 and 2026-09-09 est $0.32; UROY 2026-09-10, est $0.05
[4] Our open positions at the overnight read, 2026-09-03: seven names