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

EBITDA And The Warnings Of Charlie Munger Newsletter
— Newsletter · 10 months ago

EBITDA And The Warnings Of Charlie Munger

This past week saw the most pronounced and coordinated rotation away from high-beta assets that we’ve experienced all year. What began as routine profit-taking in a handful of large-cap technology and AI names quickly evolved into a broad, organized risk-off event that stretched across the market. Mega-cap technology, which has been the driving force behind the market’s advance, fell sharply as momentum strategies encountered their first significant hurdle in months. But the pressure wasn’t isolated there: Bitcoin, small caps, unprofitable tech, and retail-favorite thematic ETFs all joined the selloff, confirming that this was not merely a sector wobble but a complete risk reset.

Lance Roberts 21 min read
Economic Reacceleration: A Contrarian View Economics
— Economics · 10 months ago

Economic Reacceleration: A Contrarian View

Over the past two weeks, we’ve addressed a persistent question: if the data signals weakness, why hasn’t the recession arrived? In "Slowdown Signals: Are Leading Indicators Flashing Red?" we examined the cracks forming beneath the economy's surface.

Lance Roberts 7 min read
50 Year Mortgages: Pros And Cons Daily Market Commentary
— Daily Market Commentary · 10 months ago

50 Year Mortgages: Pros And Cons

President Trump proposed, with the full support of Federal Housing Director Bill Pulte, that homeowners be allowed to take out 50-year mortgages. The goal is to make housing more affordable, especially for younger generations who lack real estate equity and face high home prices and elevated mortgage rates. Read more about the sad state of […]

RIA Team 5 min read
Repo Market: Critical Warning Or Bullish Signal Newsletter
— Newsletter · 11 months ago

Repo Market: Critical Warning Or Bullish Signal

This past week, markets continued to digest earnings from key technology and AI-focused companies, as well as the lingering effects of the Federal Reserve’s recent policy shift. Despite a limited macroeconomic calendar due to the ongoing government shutdown, corporate results kept investors engaged. The market struggled with ongoing narrow breadth and growing sensitivity to forward guidance. Major earnings reports from AI-related and large-cap tech firms revealed continued strength in revenue and profit growth, but fell short of overly optimistic expectations.

Lance Roberts 17 min read
“Money Printing” By The Fed: Fact Or Fiction? Economics
— Economics · 11 months ago

“Money Printing” By The Fed: Fact Or Fiction?

I recently penned an article on "Money Supply Growth," which elicited a very thoughtful response from Garrett Baldwin via Substack. He argued that labeling Federal Reserve operations as "money printing" is not rhetoric, but rather a reality.

Lance Roberts 11 min read
Gold Myths Luring Investors Into Risk Invest
— Invest · 11 months ago

Gold Myths Luring Investors Into Risk

In case you haven’t heard, precious metals, particularly gold, have risen sharply this year. Of course, whenever any asset class experiences a more speculative melt-up, investors are quick to rationalize why “this time is different.” In stocks, it is about “artificial intelligence” and “data centers.” The cryptocurrency community believes that all fiat currencies will fail […]

Lance Roberts 12 min read
The Most Dangerous Era In History Invest
— Invest · 11 months ago

The Most Dangerous Era In History

We live in what Brett Arends claimed as “The Dumbest Stock Market In History,” but I believe it is potentially the most dangerous era. That phrase is not hyperbole as it reflects structural distortion, extreme valuations, and an investor base intoxicated by momentum and narrative. The MarketWatch piece puts it bluntly: “At one level, there […]

Lance Roberts 9 min read
Retail Leverage Goes to Extremes Newsletter
— Newsletter · 11 months ago

Retail Leverage Goes to Extremes

U.S. markets surged on Friday, setting new all‑time highs for the S&P 500 and the Nasdaq Composite as investors cheered a cooler‑than‑expected inflation print (CPI for September at 3.0 % vs ~3.1 % expected).

Lance Roberts 20 min read
ChatGPT Gives Financial Advice On Volatile Markets Invest
— Invest · 11 months ago

ChatGPT Gives Financial Advice On Volatile Markets

Following Friday’s selloff amid the resurgence of tariff threats on China, I asked ChatGPT a simple question: ” How to Stay Calm In The Stock Market?” That simple question generated an engaging and humorous take on financial advice for navigating volatile markets. In this week’s post, I thought it would be helpful to review ChatGPT’s advice […]

Lance Roberts 10 min read