It’s an interesting contrast; a satellite and rocket company just filed for the largest-ever IPO in history and Walmart says customers are reducing the number of gallons of gas per fill-up at the pump.
Some truly immense amounts of money are about to be spent. Alphabet (aka Google) surprised investors last week with a 2026 capex (investment spending) plan of $175B-$185B. Meta (aka Facebook) is at $115B to $135B. Microsoft (aka Microsoft) is on track for $145B. Amazon, looking for one ring to rule them all, is targeting $200B.
Examining the factors behind 2025’s double-digit gains is instructive as a starting point for thinking about next year.
The average restaurant stock has dropped 13% since the start of the third quarter. In contrast, the S&P 500 is up 8% over the same period. This is a big spread. Why are restaurant stocks being sold off?
Markets are trading at new highs despite the disruptive impact of ongoing trade negotiations. Or is it because of them? In my experience, robust markets have correlated with periods of uncertainty, shock and disruption.
Stocks are up slightly for 2025 after five months. Is that surprising? After all, the S&P500 had lost more than 12% in the wake of
In my March letter I wrote that I wasn’t yet worried. Am I worried now? Let me explain. By now you’ve already read more than
February was a cold, dark and thankless month for the markets. After rising nearly 3% to start the year in January on top of a very
Biden passes the torch to Trump today and a tenuous cease-fire agreement starts in the Middle East. I think everyone can agree that less fighting
The market’s reaction to the election has been overwhelmingly positive. This is not surprising. The market normally rises following a presidential election due to the