The Market Is Undergoing a Change in Character as AI Splits Into 2 Groups
The hyperscalers pay for AI out of their own cash. The companies that borrow to build it are starting to trade like rate-sensitive stocks.
AI Needs More Data Centers. So Why Are Their Stocks Getting Crushed?
When a stock keeps falling on good news, the market’s trying to tell you something.
These Two IPOs Could Decide the Fate of the Market Rally
So much is now riding on the success of Anthropic and OpenAI going public. That’s making me nervous.
4 Problems Converge on the AI Sector as Investors Await Earnings
Four issues have arrived at the same time. But they are not the same problem. Here’s what to know.
The Looming Debt Threat
While most investors are focusing on the Q2 earnings reports and Iran, I am watching the credit markets closely. Here’s why.
Why the Debt Will Do Us In
As I look at the markets and the economy, this quote by James Carville keeps ringing in my head….