Stock Rip, AI Dips. Time to take a closer look at the datacenter complex
What a day in the stock market. Conventional wisdom holds that a Democrat sweep in the midterm election would be bad for stock prices. Boy, did the so-called experts get…
Tech in general & AI stocks take it on the chin.
AI nerves drove tech into the dirt. Institutional investors are starting to doubt their models and assumptions about growth and the firmness of AI compute contracts.
Inflation, The Silent Killer
Inflation makes working-class people poorer and makes those who hold assets feel wealthier, while enriching the government by increasing property and capital gains taxes. Here are some thoughts on the…
Macro Crosscurrents Rattle the UST Yield Curve and Equity Valuations | Some Thoughts on Price Inflation and Energy
The challenge for the volatile AI sector is interest rates. Companies, be they hyperscalers with free cash flow or Neoclouds that will become free cash flow positive once the bulk…
Tech Stock Returns…
Tech stock returns show a semiconductor comeback with software/SaaS taking a fresh beating in the rankings.
Close some trades
As equity prices come under pressure amid rising interest rates, we think it is appropriate to close a few trades early.
Will rising long-term rates cause equity prices to fall? | IWM
The price of oil jumped, and interest rates followed. This has equity investors nervous. What would they do?
More on Interest & the Fed Rate Hike
UST Curve and FOMC: Mornings After
Inflation, Economic Growth and the Fed Raises Its Short Term Interest Rates Target
The Fed just raised its target for the short-term interest rate by 25 basis points. Notwithstanding the financial media arguing the Fed should do nothing, we think the Fed did…
Recent Return in the Markets
An especially bad week across asset returns wraps up a bad trailing month. The week rang up a positive score of 5-27 across the benchmarks and ETFs we track, wrapping…
Interest Rates & Oil | The Bigger Picture
We mostly focus on individual companies as we think of the capital market as “a market of stocks, not a stock market.” The normal course of economic action is for…
If I Were a Presidential Speechwriter
My Fellow Americans, Nearly one month ago, following a period of unprecedented escalation and the exhaustion of every diplomatic avenue, I ordered the United States military to take decisive action…