Published September 18, 2026
Inflation is the general increase in the prices of goods and services across an economy over time, which reduces the purchasing power of money. (more…)
A Record High for Diesel
Published September 11, 2026
While almost no one drives diesel-fueled passenger vehicles in the U.S. every person in America is impacted by the rising price of diesel fuel. Perhaps you have seen the recent news that diesel prices have hit an all-time high, rising to $6 per gallon. This is extraordinary given that a year ago, diesel was under $4 per gallon. (more…)
Corporate Earnings Are Strong
Published September 4, 2026
Having just finished up earnings announcements for the 2Q26 quarter, one thing for certain is that corporate earnings, particularly for large companies, have rarely been stronger. (more…)
Nvidia and the Power of Pricing
Published August 28, 2026
With Nvidia yet again announced record earnings this week, we chose to briefly examine how Nvidia became the largest company in the US stock market. (more…)
Can Nvidia Save the Rally?
Published August 21, 2026
Investors have been stuck in recent days fretting over interest rates while the tech rally hits a wall. The note below from Marketwatch highlights what might unstick tech stocks and the broader market.
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AI Answers the Bell
Published August 14, 2026
We could also title this, “Another wall of worry comes crashing down.” Or maybe “AI perhaps will not kill off software.” (more…)
Will the AI Boom End Like the Internet Mania of the 1990s?
Published July 31, 2026
A week or so ago, Michael Cembalest, an executive in JP Morgan’s wealth management group, issued a thought-provoking report on the parallels between the current AI-fueled boom and the late-90s internet mania. We thought you might find it interesting. (more…)
The Most Volatile Time of the Year
Published July 24, 2026
Investors with longer memories know all to well the hazards of the late summer/early fall. The Great Financial Crisis began with a seemingly one-off announcement in August 2007. By September of 2008, it was a full-blown crisis. Then, the August budget wrangling of 2015, which gave trend-followers a severe headache. Market volatility spiked amid a sharp selloff in August, followed by a weak September, only for October to reverse course and recover the entire loss in a matter of days. Volatility. (more…)
Semiconductors Roll Over – For Now
Published July 17, 2026
At the beginning of this year, as the lines on the chart below show, there was a substantial rotation OUT of tech stocks and into energy, financial, and other non-tech sectors. In April and May, tech stocks staged a massive rebound. (more…)