Page 9 of 92
AI Memory Chips Spark Inflation Worries
Last week, Apple raised prices on certain products, citing rising costs of AI memory chips. In a statement to Reuters, the company said it had “never seen a component price increase this much, this quickly” and further that it had been shielding customers from higher costs until now. There is a global shortage of memory […]
Jun 30, 2026
Alphabet Joins The Dow Jones Industrial Average
Starting this morning, Alphabet will replace Verizon Communications in the Dow Jones Industrial Average. The index change hasn’t gotten much media attention, but it sends a loud message about the economy. The change makes Alphabet one of just 30 companies that Dow Jones & Company deems representative of the US industrial landscape. Verizon, which was […]
Jun 29, 2026
Micron: The AI Memory Supercycle Rolls On
Micron left little doubt that the supply-demand equation is grossly out of balance for AI memory chips, benefiting semiconductor companies. In its latest earnings report, Micron reported astronomical growth with revenue of $41.46 billion, up a stunning 346% year over year and 74% versus the prior quarter. Its adjusted EPS of $25.11 beat the $20.28 […]
Jun 26, 2026
Earnings Growth Today But At What Cost?
A recent article by the Wall Street Journal entitled Turbocharged Earnings Are Pushing Stocks Higher. There’s a Catch raises an important issue for investors of the megacap AI-tech companies. Wall Street analysts expect S&P 500 earnings growth to top 20% for a second consecutive quarter; however, the earnings growth is not widespread. The predominant bulk […]
Jun 25, 2026
Greenspan Passes But His Put Lives On
Alan Greenspan, the Federal Reserve chairman from 1987 to 2006, died on Monday at the age of 100. Most of the media’s obituaries are flattering to Greenspan, but many seem to omit his most enduring contribution to financial markets and investors. Simply, when markets are at significant risk or breaking down, the Fed will step […]
Jun 24, 2026
El Nino Is Coming: Are Food Markets Ready?
Rapidly warming ocean waters almost ensure an El Niño condition by July. El Nino is a periodic warming of ocean surface waters in the central and eastern Pacific Ocean that disrupts normal weather patterns globally. El Nino patterns can cause droughts in some regions and excessive rainfall in others. This expected episode is much stronger than […]
Jun 23, 2026
Fed Funds Hikes Cloud The Outlook: Should Investors Worry?
The Fed is clearly more hawkish than they were at the last meeting. Accordingly, with the Fed Funds market now pricing in two rate hikes by year’s end, we should be armed with data showing how the first Fed Funds rate hike in a cycle is processed by the equity markets. Moreover, with higher rates […]
Jun 22, 2026
Warsh And The FOMC Hold Steady
Presiding over his first Fed meeting, Kevin Warsh and the FOMC held rates at 3.50%-3.75%. Such was the fourth consecutive hold following a series of rate cuts. The decision for Warsh to hold rates steady was in little doubt. The Fed’s economic projections, aka the dot plot, and Warsh’s debut press conference were what every […]
Jun 18, 2026
Are Equity Markets Priced For A Rate Hike?
The equity market spent early 2026 with wavering odds of a rate cut before year-end. With improving labor data and high inflation, that assumption is becoming untenable. While the Fed Funds futures and bond markets are now pricing in odds of a rate increase, the equity markets don’t seem to care. Let’s consider the […]
Jun 17, 2026
Gold Investors Are Likely Confused
Since the Iranian conflict started on February 28, 2026, gold has fallen by about 25%. The decline is shown in the graphic below, but more importantly, we highlight FinViz’s rationale for why gold traded lower on June 10th. That day, they claim war and hot inflation are the culprits for gold falling by 1.1%. We […]
Jun 16, 2026
Page 9 of 92