The other day I was in a meeting with a bunch of traders kicking around ideas. At one point the conversation turned to Apple (AAPL). While everybody else was talking, I started clicking through some of the biggest financial news…
Imagine someone handed you $75 billion. Two weeks later, would your first phone call be to ask investors for another $25 billion? Probably not. That’s exactly what SpaceX (SPCX) just did. Now, SK Hynix (SKHY) has raised another $26.5 billion…
Most people think artificial intelligence and crypto are two completely different stories. AI is supposed to help us work. Crypto is supposed to replace money. They sound like two separate ideas moving in two separate directions. I don’t think that’s…
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…
