1) The SMCI Debacle SMCI has been on of the darlings of the AI boom over the last few years. But earlier this week they announced some, um, accounting “irregularities”. Not great. Now, I don’t [...]

Here are some things I think I am thinking about this weekend: 1) NVIDIA Versus the World. Jason Zweig posted this incredible figure on Twitter the other day which shows the market cap of Nvidia [...]

You just have to love the short-term overreactions of Mr. Market. Just two months ago we get a weak employment report and investors are panicked that the Fed is too tight. Then we get a [...]

Here are some things I think I am thinking about. 1) The stock market boom/bust cycle. How should we think about the bull market in stocks in the context of its Covid era rollercoaster ride? [...]

Here are three things I think I am thinking about this weekend: 1) Disinflation is Still Entrenched. This week's CPI report showed more of the same trends we've been seeing in the last year. The [...]

The US economy has been on a tear versus every other G20 economy over the last 10 years and especially in the last few years. While high interest rates are slowing most other developed economies [...]

Here are some things I think I am thinking about this weekend: 1) Pension Funds Underperforming the S&P 500. Here's an article criticizing the poor returns in the San Francisco pension system. The fund has [...]

One of the big puzzles of the last few years has been consumer sentiment. The US economy and stock market have outperformed virtually every global economy and market. Wages have grown nicely in the last [...]

Here are some things I think I am thinking about this weekend: 1) High Yield Savings Accounts are Bad. In the aftermath of the Fed's rate cut "high yield" savings accounts are notifying their customers [...]

Here are some things I think I am thinking about this weekend. 1) Are Short-term Rates Forecasting a Recession? Here's a chart that's been floating around a lot and I think it communicates a very [...]