There are a lot of powerful investors in the world. Warren Buffett has hundreds of billions of dollars at Berkshire Hathaway (BRK.B). BlackRock (BLK) manages trillions. Sovereign wealth funds can move entire markets. As investors, we’re generally interested in what…
Most people who own stocks don’t spend much time thinking about the bond market. I don’t blame them. Bonds are boring. Stocks are fun, right? Nobody’s bragging at a cocktail party about the incredible move they caught in high-yield credit…
I keep hearing about the “K-shaped economy.” The idea is that America is splitting into two groups. People at the top are doing well because they own stocks, houses and businesses that have gone up in value. People at the…
Bitcoin just gave us another clue. Last week, I wrote about how roughly $150 billion in Bitcoin value seemed to appear almost overnight. The headlines had plenty of explanations. Washington D.C. was talking about friendlier crypto rules. The bond market…
The average materials stock just closed the week at the highest level in American history. Not Nvidia (NVDA). Not the Nasdaq-100 (QQQ). The S&P 500 Equal Weight Materials ETF (RSPM). Instead of letting the biggest companies dominate the index, RSPM…
I’m in my 24th year in this business. That sounds like a long time. It doesn’t feel like one. A few months ago, I had dinner with Mark Chaikin. He’s been doing this for about 60 years. Sixty! Suddenly my…
The stock market is at all-time highs. Investors have been buying stocks, and, apparently, they’re holding less cash because of it. Thanks. That’s the big revelation making the rounds this week. According to the Bank of America Global Fund Manager…
Bitcoin just added about $150 billion in value in less than 24 hours. That’s a ridiculous amount of money. For some perspective, $150 billion is more than the entire value of companies like Starbucks (SBUX), UPS (UPS) and Anheuser-Busch (BUD).…
Every stock has a birthday. For a new public company, that birthday is its IPO. Before that day, regular investors couldn’t just open their brokerage account and buy the stock. Once the company has its initial public offering, they can.…
Yesterday, something happened in the stock market that hasn’t happened in almost 20 years. Energy stocks closed at their highest level ever. That might not sound like a big deal. Stocks make new highs all the time. But this one…
Back in January, I wrote about what I thought was one of the most important levels for the S&P 500 that I’d seen in a long time. 7,000. It wasn’t because it was a nice round number, or because everyone…
One of the more interesting things happening in the AI boom is that everybody seems to be financing everybody. The biggest technology companies in the world need an incredible amount of infrastructure to build AI. That means computer chips, massive…
