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

Subprime Crisis 2.0: Will Private Credit Be The Trigger? Newsletter
— Newsletter · 6 months ago

Subprime Crisis 2.0: Will Private Credit Be The Trigger?

This past week was another disappointing one. Markets opened the week surging after President Trump posted on Truth Social that U.S.-Iran talks had been "very good and productive" and that he was halting strikes on Iranian power plants. Brent crude fell more than 10% in a single session, its biggest single-day drop since early March, while the S&P 500 gained 1.15%. It was the kind of relief rally that tempts investors into believing a corner has been turned. It wasn't.

Lance Roberts 19 min read
Geopolitical Headlines Can Be Hazardous To Your Wealth Daily Market Commentary
— Daily Market Commentary · 6 months ago

Geopolitical Headlines Can Be Hazardous To Your Wealth

Geopolitical events are among the most reliable drivers of bad investment decisions. When headlines are alarming, and markets are volatile, as they are today, investors instinctively overweight worst-case scenarios and underweight the likelihood that the situation resolves more quietly than feared. Behavioral finance calls this availability bias: the tendency to judge the likelihood of an […]

RIA Team 6 min read
High Oil Prices Won’t Spark A 1970s Inflation Repeat Daily Market Commentary
— Daily Market Commentary · 6 months ago

High Oil Prices Won’t Spark A 1970s Inflation Repeat

Some media pundits are warning the public that high oil prices will spark a repeat of the high-inflation era of the 1970s. High oil prices will feed through to inflation; however, the economic, monetary policy, and geopolitical environments of the 1970s are quite different from today’s. To wit, consider the following reasons for inflation in […]

RIA Team 7 min read
Will AI Trigger The Next Great Depression? Invest
— Invest · 6 months ago

Will AI Trigger The Next Great Depression?

Our article title is certainly scary. The question we pose has become a hot topic following the release of “The 2028 Global Intelligence Crisis,” by Citrini Research. While evaluating the impact of AI on the labor market is complex, we can distill both optimistic and pessimistic views into two straightforward questions. To better understand how […]

Michael Lebowitz 11 min read
A Fed Balancing Act: Oil, Iran, Slower Growth Daily Market Commentary
— Daily Market Commentary · 6 months ago

A Fed Balancing Act: Oil, Iran, Slower Growth

Few Fed meetings in recent memory have presented the FOMC with a more uncomfortable set of competing signals than yesterday’s. The Iranian conflict and its impact on oil and oil-dependent product prices have created the potential for an inflationary impulse, yet higher oil prices would likely slow economic activity, leading to higher unemployment. As if […]

RIA Team 6 min read
Treasury Bond Yields Don’t Lie: But Wars Don’t Drive Them Invest
— Invest · 6 months ago

Treasury Bond Yields Don’t Lie: But Wars Don’t Drive Them

This past weekend, Adam Taggart and I discussed what happens to Treasury bond yields when the United States enters a military conflict. The conventional wisdom is reflexive and tidy. A conflict triggers a flight to safety, money floods into U.S. government bonds, and yields fall. It’s a clean narrative. Unfortunately, it is wrong more than […]

Lance Roberts 13 min read
True Value: Looking Through The Value Rotation Illusion Invest
— Invest · 7 months ago

True Value: Looking Through The Value Rotation Illusion

In our recent article, The Value Rotation Illusion, we explained that in the recent rotation from growth to “value”, passive investors, in actuality, are selling value stocks to buy expensive stocks. Confused? In this follow-up, we take our three-tier earnings valuation framework introduced in the article a step further to uncover true value stocks. First, […]

Michael Lebowitz 8 min read
The Passive Aggressive Market: Bogle’s Warning Came True Invest
— Invest · 7 months ago

The Passive Aggressive Market: Bogle’s Warning Came True

Since the pandemic, the line between passive investing and aggressive speculation has blurred. The current bout of speculative fervor extends beyond financial markets. For instance, we see the same impulse in the explosion of sports betting and the surge in event-betting sites like Kalshi and Polymarket. In the investment arena, margin debt is at record […]

Michael Lebowitz 7 min read
Economic Sentiment Belies Strong Economic Estimates Economics
— Economics · 7 months ago

Economic Sentiment Belies Strong Economic Estimates

Economic growth metrics for the United States have recently shown surprising resilience; however, consumers' economic sentiment has not. According to the Bureau of Economic Analysis's advance estimate, real Gross Domestic Product expanded at an annualized rate of just 1.4%, well below expectations and a steep drop from the 4.4% pace in the third quarter.

Lance Roberts 10 min read