On Message / Off Record

Market Notes

On Message / Off Record is a periodic note written by Zachary Graeve on markets, leadership, and the art of being understood. It reflects observations from the boardroom, investor conversations, and capital markets — focusing less on headlines and more on the decisions, signals, and narratives that shape long-term credibility.

Street signs for Wall Street and Broadway at an intersection with a red traffic light against a backdrop of historic buildings.