Daily Market Commentary Dow Slides While Nasdaq Rallies: Omen Or Rotation? Blog Earnings Mean Reversion: When Estimates Snap Back Daily Market Commentary Low Jobless Claims Are ‘Half A Misnomer’ Bull Bear Report The Fed Rate Hike Won’t Fix The Inflation It Targets Daily Market Commentary A Hike Like No Other Blog K-Shaped Economy: Reality Or Media-Driven Perception Daily Market Commentary Another Hike By Year End And No Cuts On The Horizon Blog Has The Bond Market Already Done The Fed’s Job? Daily Market Commentary Fed Hikes: Then What? Daily Market Commentary Amodei Says Slow Down: Trump And China Say No
Vol. XXVII · No. 134
Tuesday — September 22, 2026
Houston, Texas
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223 results found

Market Crack Or Beginning Of Something Bigger Newsletter
— Newsletter · 12 months ago

Market Crack Or Beginning Of Something Bigger

The market crack on Friday resulted from a defensive move as geopolitical stress, trade rhetoric, and political dysfunction triggered a sharp reversal in sentiment. After trading relatively flat most of the week, the S&P 500 fell 2.7% on Friday, wiping out earlier gains and ending the week in the red. The late-day selloff was triggered by unexpected comments from former President Donald Trump, who called for a sweeping escalation in trade restrictions against China, including 100% tariffs and export controls.

Lance Roberts 18 min read
AMD Surges: Nvidia Competition Heats Up Daily Market Commentary
— Daily Market Commentary · 12 months ago

AMD Surges: Nvidia Competition Heats Up

Advanced Micro Devices (AMD) stock opened up by nearly 35% on Monday morning, following reports that OpenAI is acquiring a 10% stake in AMD. As part of the agreement, AMD will supply OpenAI with 6 gigawatts of AMD’s Instinct GPUs. The deal is scheduled to start with a 1-gigawatt rollout in 2026.OpenAI will receive warrants […]

RIA Team 6 min read
Markets Detached From Economic Fundamentals Newsletter
— Newsletter · 12 months ago

Markets Detached From Economic Fundamentals

Jerome Powell’s statement this past week, that U.S. stocks appear “fairly highly valued,” wasn’t as dramatic as Alan Greenspan’s 1996 “irrational exuberance” speech, but the market heard the echo. Both comments speak to a central tension in monetary policy: the Fed may not explicitly target asset prices, but valuations matter when they begin to feed back into financial stability. Investors often dismiss these warnings, citing years of Fed liquidity support and low interest rates. Greenspan’s caution came four years before the dot-com bubble burst

Lance Roberts 18 min read
Semiannual Reporting Requirements Are Overhyped Daily Market Commentary
— Daily Market Commentary · 1 year ago

Semiannual Reporting Requirements Are Overhyped

President Trump is pushing to reduce the SEC’s financial reporting requirements from quarterly to semiannual reporting. He’s framing the idea in a positive light: it would allow managers to focus on the business, lower compliance costs, and fight “short-termism” in markets. In reality, it would weaken one of the hallmarks of U.S. capital markets: timely […]

RIA Team 5 min read
Overnight Funding Costs Signal Liquidity Strain Daily Market Commentary
— Daily Market Commentary · 1 year ago

Overnight Funding Costs Signal Liquidity Strain

After years of abundant liquidity, U.S. overnight funding markets are beginning to show signs of strain. Interest rates on overnight repo agreements have climbed steadily this month as the Treasury rebuilds its cash balance and the Fed continues quantitative tightening. Usage of the Fed’s overnight reverse repo (RRP) facility, a key gauge of excess liquidity, […]

RIA Team 7 min read
Healthcare Jobs Keep Labor Market Afloat: But For How Long? Daily Market Commentary
— Daily Market Commentary · 1 year ago

Healthcare Jobs Keep Labor Market Afloat: But For How Long?

The August jobs report clarified what many investors already suspect: the U.S. labor market is stalling. Outside of healthcare and social assistance, private-sector job creation has nearly flatlined this year. So far in 2025, the economy has added an average of 74,000 private-sector jobs per month. Stripping out the ~64,000 monthly additions from healthcare jobs, […]

RIA Team 6 min read
Why Diversification Is Failing In The Age Of Passive Investing Invest
— Invest · 1 year ago

Why Diversification Is Failing In The Age Of Passive Investing

Diversification has been the backbone of “buy and hold” strategies for the last few decades. It was a boon to financial advisors who couldn’t actively manage portfolios, and it created a massive Exchange-Traded Funds (ETFs) industry that allowed for even further simplification of investing. The message was basic: “Buy a basket of assets, dollar cost […]

Lance Roberts 7 min read
Why Keynes’ Economic Theories Failed In Reality Economics
— Economics · 1 year ago

Why Keynes’ Economic Theories Failed In Reality

A recent post from Daniel Lacalle, “How Keynesians Got The US Economy Wrong Again,” exposed the widening gap between John Maynard Keynes' economic theory and reality. Despite the confident forecasts of leading Keynesian economists, the U.S. economy in 2025 continues to defy expectations.

Lance Roberts 8 min read
Meme Markets: Investing vs. Entertainment Newsletter
— Newsletter · 1 year ago

Meme Markets: Investing vs. Entertainment

August turned out to be anything but typical for investors. Historically, the month is plagued by seasonal weakness, thinner liquidity, and heightened volatility as traders position ahead of September and Q3 earnings. Over the last 30 years, August has delivered some of the poorest monthly returns on average for the S&P 500. Yet in 2025, the index defied that history, grinding higher through the month and setting new intraday records above 6,500 before finishing at 6,452. The result was a modest gain for the month, but more importantly, it marked another milestone in an already extended rally

Lance Roberts 17 min read