Anyone tired of the capex boom discussion and the associated debate about the read-across of
Category: Markets
Who Feels Bad For Kevin Warsh?
I’d say I feel sorry for Kevin Warsh, except that I don’t. After all, he
Melt-Up Blueprint
The US-Iran ceasefire’s fighting for its life. “After reading that piece of garbage they sent
Weekly: Is The Stock Rally ‘Irrational’?
Six weeks, 17% (intraday low-to-high) on the S&P and 11 new records later (“These go
The Madness Of Melt-Ups
US equities hit new records on payrolls Friday, scoring a sixth consecutive weekly gain in
Once Upon A Saturday
Once upon a Saturday morning in 2015, I blinked bleary-eyed at a blank blog post.
Soaring Semis, Raging Bull
Just a few days ago, on April 27, I called the semi-fueled rally in South
Chips Ahoy!
It was with more than a little sheepishness that I recently admitted to selling the
Behind The Scenes Of A Blockbuster Earnings Season
Expectations were lofty. Headed into reporting season in the US, consensus anticipated aggregate S&P 500
Buyback Slowdown Is ‘Cost Of Staying Relevant’ In AI Race
The good news is, quarterly results from corporate America have been “exceptionally strong” this reporting
Greg Abel Has $400 Billion
I’m won’t lie: I stopped caring about Berkshire when Warren Buffett said he’s passing the
Weekly: Higher Learning
What have we learned over the past week or two or four? For one thing,
The Yen Has An Oil Problem
“Who knows better about surprise than Japan?” Donald Trump joked, while hosting his “friend” Sanae
All Hail ‘The New 60/40’
It’s all about “the new 60/40.” A few days ago, I cited Nomura’s Charlie McElligott
Apple Beats, Raises Dividend, Boosts Buybacks
Apple beat on both the top and bottom lines in its first earnings report since
Iran War Puts BoE, ECB Back On The Hot Seat
Both the ECB and the BoE held rates steady Thursday, as expected, with policymakers at
Powell To Stay On Fed Board Indefinitely In Rebuke To Trump
Must-watch television. Jerome Powell on Wednesday hosted his final press conference as Fed chair following
$12 Trillion In Market Cap Just Reported…
Nearly $12 trillion in market cap reported earnings in the space of just a couple
Is OpenAI’s Reported Sales Miss A Canary?
Nobody panic. It’s not as if the accuracy of Sam Altman’s back-of-the-envelope revenue projections is
Semi ‘Mania’ Triggers Familiar Warnings
A corollary of the wild surge in semiconductor stocks is an equally enthusiastic bull market
‘The New Oil’
Semis are the “new oil.” That’s according to a PM who spoke last week to
The Melt-Up, The Ugly Truth And The New 60/40
Did you miss the equity melt-up? And are you worried that getting in now is
What To Expect From Powell’s Fed Chair Swan Song
This week may be the last time we hear from Jerome Powell as Chair of
Weekly: Semi-Automatic
The last time the SOX rose 40% in a month, Bill Clinton was president and
Cash On The Barrel
It’s still early (sort of), but 2026 is shaping up to be a helluva year
Dollar Doomsday 2026?
The dollar doomsday narrative’s not difficult to write. After years of practice, it’s an exercise
The World’s Always Ending Somewhere
Equities have decided the Strait of Hormuz doesn’t need to be open. Or, more precisely,
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