You know how I can tell this time is different? Because it’s always different. Every cycle has its own fingerprints, its own quirks, its own psychology. And today we’re talking specifically about why this one isn’t like the dot-com bubble.…
One of the things we all learn the hard way — in life and in markets — is to stop doing what isn’t working and double down on what is. Feel like garbage the next morning because you drank too…
The S&P 500 just delivered back-to-back years of 20%-plus returns — and it’s on pace to make it three in a row in 2025. Meanwhile, the Nasdaq-100 has more than doubled during this stretch. So using even the most basic…
The U.S. stock market makes up less than half of the $127 trillion global equity market. Which means the majority — more than $60 trillion in value — comes from companies headquartered outside the United States. Fifty years ago, maybe…
I understand fundamentals just fine. I just don’t use them. I’ve been doing this every single day since I was 21. I’ll be 44 in a couple of months. If I genuinely believed digging through corporate balance sheets was the…
A funny thing happened this week: The Dow Jones Industrial Average closed at its highest level in nearly 130 years. And it’s not just the U.S. putting up records. Europe and Japan are hitting new all-time highs. Latin America and…
Silver just clocked another all-time high this morning. And if you’re anything like me, you’re probably asking the same question: Is this breakout for real, or is it just another fake-out? To answer that, we need to shift our perspective…
The Dow Jones Industrial Average just closed at its highest level in history. Think about that for a second. This is an index that dates back to May 26, 1896. And of all the trading days since then, yesterday was…
Math is hard for some people — and we’re grateful for that. In the market, you don’t need a Ph.D. in mathematics. You just need to know how to add, subtract, multiply, and divide. That’s it. The fancy name for…
It’s not every day people laugh when I tell them what I’m buying — but that’s been happening lately. And I think it’s worth talking about. As you know, I talk to a lot of people throughout the day —…
Lately, you’ve probably heard a lot of noise about “breadth deterioration” and “weakening markets.” But when you actually go in and count — you know, like a grown-up — it turns out to be the exact opposite. Leaders are leading,…
Sector rotation messes with people’s heads. They see leadership change hands and immediately assume the market’s rolling over. Relax. Just because the stocks that led the last few months aren’t leading today doesn’t mean breadth is breaking down. It probably…
