Oil prices jumped nearly 14% this week after President Trump announced the United States would reimpose its blockade at the Strait of Hormuz. Ships traveling through the waterway would also face a fee equal to 20% of the value of…
Investors are being warned again. The U.S. stock market is too concentrated. The biggest companies are too big. The top 10 stocks control too much of the S&P 500. Apparently, this is all very dangerous. Even Bloomberg is chiming in:…
Most people spend way too much time arguing about what’s new. Artificial intelligence is new. Crypto is new. Tokenized stocks are new. Zero-days-to-expiration options are new. Before that it was decimal pricing. Before that it was listed options. Before that…
Every four years, around this time, I find myself digging through the same charts. You’d think I’d eventually stop. I don’t. Not because I’m looking for something to confirm what I already believe. Quite the opposite. I’m looking for reasons…
If you drive a car, heat your house, order packages from Amazon, or fly on an airplane, this matters to you. In other words, it matters to almost everyone. You don’t have to trade oil futures. You don’t need to…
It’s a question I didn’t expect to ask myself. Now I can’t stop thinking about it. When the new Trump Accounts were announced, I didn’t think much of them at first. I already have 529 plans for my kids. Those…
There are certain stocks I simply don’t want to short. I don’t care how expensive they look. I don’t care how convincing the bear case sounds. And I definitely don’t care how many people on television are telling you they’re…
A few weeks ago, the biggest IPO in history finally arrived. Times Square was covered in SpaceX billboards. CNBC couldn’t stop talking about it. Wall Street lined up to buy it. Then something interesting happened. Less than two weeks after…
Every great story has a beginning, a middle, and an end. The funny thing about investing is that everybody remembers the beginning and the end. Almost nobody remembers the middle. Ask someone about the great gold bull market of the…
When SpaceX (SPCX) went public, almost every conversation I heard was about rockets. That makes sense. Rockets are what we see. And they’re spectacular. They launch into space. They land themselves. They carry astronauts, satellites and who knows what else.…
The S&P 500 Healthcare Index (XLV) just closed at the highest level in its history. That got my attention. Healthcare hasn’t exactly been everybody’s favorite place to invest. For years it’s been one of the market’s biggest laggards while investors…
I’ve been trading Bitcoin and cryptocurrencies since 2013. For most of that time, I’ve heard the same criticisms over and over again. “Crypto never built anything.” “There’s no real use case.” “It’s just speculation.” If you’ve followed my work for…
