Weekly Update

Inflation Remains a Problem

By

Published May 15, 2026

 

For many investors, the recent bout of inflation is their first experience with the stubborn beast.  The United States has been fortunate over the past three years that a booming AI trade has more than neutralized the negative stock market effects of inflation. (more…)

Weekly Update

The Ripple Effects of AI

By

Published May 1, 2026

 

 

This week’s earnings announcements have reminded investors that the AI trade and the extraordinary amount of spending involved in building data centers has very beneficial effects on many companies’ bottom lines. (more…)

Uncategorized

Rule of 10 Hits a New High

By

Published April 24, 2026

 

As an investor, it can be confusing to see the market shrug off troubling news events. Such is the case with the Strait of Hormuz closure, an event that is clearly disrupting supply chains of many energy, fertilizer, and other products.  (more…)

Weekly Update

Were Investors Too Pessimistic?

By

Published April 17, 2026

 

Delta Research thinks so. The stock market’s historic move over the past 10 days has caught many investors off guard. For the first time in many moons, retail investors did NOT buy March’s sharp dip in stocks. As we’ve noted in other articles, the specter of private credit defaults, AI rampaging through the software industry, and, lastly, a war that brought oil and gas transport to a near halt were a combination of fears that pummeled the psyches of investors. It was, then, remarkable that the stock market was down only -10%. Are there more shoes to drop in the future? Or was this, like last year’s “tariff tantrum” a quick flush of bearishness in an upward sea of bullish market behavior? Time will tell. (more…)

Weekly Update

Support for Stocks Upcoming

By

Published April 10, 2026

 

Stock valuations are derived from earnings and how much investors are willing to pay for those earnings. The note below suggests that the stock market’s recent war-related decline has created a significant gap between stock values and earnings expectations. If so, there could be fuel for stocks in the coming weeks. (more…)

Weekly Update

Optimism for a Post-War Rally

By

Published April 3, 2026

 

Delta Research makes the case below for a sharp rally once the War with Iran ends. Complicating their case is the market’s shift to a flat interest rate environment as hopes for Federal Reserve rate cuts have largely vanished with the war. (more…)

Weekly Update

Are Retail Investors Too Bullish?

By

Published March 27, 2026

 

For many years, we have read that “the coming decade for stocks will offer little or no return!”. That has certainly not been the case as stocks have generally risen strongly over the past decade. Further, even if stocks did find their way to another “lost decade” of zero net return over many years, we know from experience that getting to that zero return usually includes prolonged swings up and down. (more…)