I got through a few research reports between client meetings this morning. Three stood out. Goldman Sachs asks whether S&P 500 earnings are in bubble territory after a big run-up in profits driven partly by AI spending and chip margins. Its answer: growth is more likely to slow than collapse. As AI shifts from a…
Fewer posts, bigger plans
You may see fewer posts from me for a while. I’m restructuring and expanding the business, with new initiatives and partnerships built to create more value for our clients and partners. A lot is happening behind the scenes. So if I go quiet, it is not because I have run out of things to say…
The herd is running again
Some clients called me this week. Different people, same question. Should we sell? I understand why they asked. Less than two weeks to the midterms, and the volatility we talked about has arrived. It was on time. Nice when something in this market is. One client pointed out that the CNN Fear & Greed Index…
Pranayama breathing
Pranayama, an ancient practice rooted in the Vedas and detailed in Patanjali’s Yoga Sutra, a foundational Hindu scripture from around 200 B.C., involves breathing exercises designed to clear physical and emotional blockages, freeing the breath and allowing the flow of prana, or life energy. Typically, Pranayama is practiced before meditation to prepare the mind and…
Ken sees a bubble
A client sent me this. No comment, just the headline: Ken Griffin thinks AI is in a bubble. I know why he sent it. Billionaire hedge fund founder says bubble, so maybe it is time to run for the hills. It is a fair question. The answer is more interesting than the headline. The market…