Despite Hot PPI, Yields Fall, Sparking Broad Rally Held Back By Tech
Stocks recovered from early losses as Tech bounced and the largest drop in 10- and 30-year yields in over a year saw five sectors gain over 1%.
The AI Trade Isn’t Over, but the Easy Gains Likely Are
The hot CPI report finally triggered the rotation. Breadth was the best in weeks as money moved toward the laggards.
Producer Prices Jump the Most Since 2022 on Record Energy Surge
After Wednesday’s hot CPI print, PPI comes in even hotter, more than double estimates in a broad advance led by a record jump in energy prices.
Rounding Out Our Position in These Shares
Fresh Federal program wins build on recent public safety ones
Cleaning Up the Portfolio’s Bullpen
We’re adding three new contenders, and kicking four to the curb.
Is the Bottom Falling Out of the AI Trade?
We’re seeing equity valuations collapse for semiconductor stocks, and bond yields for CoreWeave soar to distressed levels. Is the AI bubble bursting?
Leaning Into Energy Stocks as Midterm Elections Draw Near
I can’t predict the midterms, but I can see I was let down by Johnson & Johnson — and that energy stocks are surging.
Gasoline Fuels the Retail Sales Beat in September
Retail sales rose 0.8% versus a 0.3% estimate, but gas stations were over 70% of that gain while the GDP-linked control group missed and Census’s annual revision cut sales levels by about 4.5%.
Amid Rotation, I’m Adding to an Obscure Biotech and a Magnificent 7 Stock
Here’s my plan as AI stocks are sliding while money moves into the names that struggled for months, and biotech is leading the way.
We’re Building Up Our Semi Cap Exposure With This Buy
We continue to see chip capacity tightness ahead, creating an even bigger industry pain point.