Magnificent 7: Bubble Or Not?
Time and again over the past two or three years, bears and market skeptics in
Time and again over the past two or three years, bears and market skeptics in
By noon on Friday, Meta was on track for a record. Not just a record-high
Janet Yellen surprised markets earlier this week when Treasury cut its borrowing estimate for the
Every quarter, once the verdict is in on earnings season, Goldman publishes an “S&P 500
The Berkshire acolytes will have to forgive me: There’s too much going on in the
Buybacks: Who doesn’t love them? Buybacks are shareholder capitalism’s crowning achievement. It’s stockowners who matter
Things are about to get real for corporates with a steep maturity wall. Even for
Market participants are understandably concerned about what many argue is a burgeoning supply/demand imbalance in
Pretty much every week, someone writes in to ask about the alleged disparity between the
A “macro event.” That’s how Nvidia’s Q2 results were billed by the financial media and
Break out the Cherry Coke and peanut brittle, it’s Berkshire weekend! They always sneak up
The relative importance of liquidity versus fundamentals as determinants of risk assets is everywhere and
Buybacks will likely fall 15% in 2023. That’s according to Goldman, whose Ryan Hammond and
In “Quants And Mortals” I gave readers what I’d describe as the “generic” version of
Regular readers are familiar with, and probably a bit confused by, the remarkable disparity between
Berkshire’s annual shareholder meeting was this weekend, which meant CNBC’s website looked a lot like
Apple is taking a “thoughtful” approach when it comes to “weaving” A.I. into its products.
Where’s the demand supposed to come from? From a stylized perspective, stocks are subject to
Typically, I wouldn’t go out of my way to call out CEO compensation, where “out
SoftBank and Prosus are selling more Alibaba and Tencent. That’s not the best news if
If a string of US bank failures and the near collapse of Credit Suisse were
Analysts, strategists and financial media outlets have dedicated quite a bit of time recently to
Equities aren’t the only game in town anymore when it comes to asset allocation. Maybe
Let the crocodile tears flow freely. The macro regime has shifted in favor of everyday
I saw someone describe Warren Buffett’s annual letter as a “must-read” today. That sort of
“War, protectionism, de-globalization… higher inflation, higher rates,” BofA’s Michael Hartnett wrote. In the latest installment
The US may be headed for an earnings recession+, but compared to the rest of
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