Bull Bear Report Stock-Bond Correlation: Oil Broke The Hedge. Oil Will Fix It. Daily Market Commentary Meta Splits: The Buyback Machine Shifts To Reverse Blog Fed Over-Tightening: How Much Runway Is Left Before It Bites? Daily Market Commentary Why Small Caps Have Recently Traded Like A Bond Proxy Blog Are Bonds Pricing In A Fed Policy Mistake? Daily Market Commentary Neoclouds And Hyperscalers: Same Concept, Different Risks Daily Market Commentary The Misleading Tech Sell-Off Daily Market Commentary Warsh Says Little: Market Hears Hold Blog AI Capex And Earnings: What Happens When Growth Slows Bull Bear Report Pimco Sees A 6% 10-Year. Here’s Why “Bad Inflation” Caps Yields
Vol. XXVII · No. 134
Sunday — October 25, 2026
Houston, Texas
Search Results

lance roberts

1,313 results found

Cognitive Dissonance Is On Full Display Daily Market Commentary
— Daily Market Commentary · 2 years ago

Cognitive Dissonance Is On Full Display

The recent Conference Board Consumer Confidence survey data show a state of cognitive dissonance among U.S. citizens. Cognitive dissonance occurs when a person believes in two contradictory things simultaneously. For instance, the latest Conference Board survey shows that expectations for increasing stock prices are among the highest since the late 1980s. However, citizens believe the […]

RIA Team 4 min read
Will Japan Dump U.S. Treasury Securities? Daily Market Commentary
— Daily Market Commentary · 2 years ago

Will Japan Dump U.S. Treasury Securities?

Japan holds $1.150 trillion of U.S. Treasury securities, well above the next major foreign holder, China, which has $770 billion. Therefore, given Japan holds 3.3% of all Treasury debt, it is worth appreciating the recent news that Japan is selling bonds. First, to dispel some fear, Nornichukin Bank, not the Bank of Japan or the […]

RIA Team 5 min read
Why Economists And Citizens Have Different Inflation Realities Invest
— Invest · 2 years ago

Why Economists And Citizens Have Different Inflation Realities

The Fed and economists are encouraged because CPI is down to 3.3% from a high of nearly 9% in 2022. Despite the Fed’s “significant progress” in lowering inflation, most citizens are outraged and confused by economists’ relatively rosy inflation observations. Most citizens believe inflation is still rampant. The Fed and economists are correct in that […]

Michael Lebowitz 6 min read
The Economist Makes A Case For Solar Energy Daily Market Commentary
— Daily Market Commentary · 2 years ago

The Economist Makes A Case For Solar Energy

The unique graph below caught our attention, compelling us to read Solar Power Is Going To Be Huge by the Economist. The graph shows that solar energy will be the primary energy source for the world by 2040 under its “fast transition scenario.” The Economist article walks through some stats on the growth of solar […]

Michael Lebowitz 5 min read
S&P 6300? Is That Outside The Realm Of Possibility? Invest
— Invest · 2 years ago

S&P 6300? Is That Outside The Realm Of Possibility?

Goldman Sachs recently upped its price target to S&P 6300 for the end of this year, along with Evercore ISI upping its year-end target to 6000. Such is not surprising given the strong run in the markets this year. Just two weeks ago, I posted the following chart saying: “We should soon start getting a […]

Lance Roberts 6 min read
Global Diversification Might Not Be Dead Daily Market Commentary
— Daily Market Commentary · 2 years ago

Global Diversification Might Not Be Dead

The chart below suggests that global diversification could be dead. The S&P 500 notched a total return of 13.3% annually over the past 15 years, while the MSCI EAFE and MSCI Emerging Markets indices returned 5.9% and 3.2% per annum respectively. The performance gap primarily stems from differences in earnings growth. S&P 500 earnings grew […]

Chris Behan 6 min read
Mega Cap Valuations are Dwarfed by Tesla Daily Market Commentary
— Daily Market Commentary · 2 years ago

Mega Cap Valuations are Dwarfed by Tesla

Tesla investors are betting on the EV maker’s path to tech-caliber profitability. However, the manifestation of that investment thesis is still a pretty long way off, as shown by the degree to which Tesla dwarfs other mega cap valuations in the chart below, courtesy of Bloomberg. Increasing competition amid a declining consumer appetite for EV […]

Chris Behan 5 min read
Grant: Rates Are Going Much Higher. Is He Right? Invest
— Invest · 2 years ago

Grant: Rates Are Going Much Higher. Is He Right?

Recently, James Grant, editor of the Interest Rate Observer, was asked about his outlook for interest rates. He sees interest rates moving in a cyclical pattern, potentially rising for another multi-decade period. Grant bases his view on historical observations rather than a mystical belief in cycles. He states that finance has shown a cyclical nature, […]

Lance Roberts 10 min read
Golf and Investing: Mastering Long and Short Games For Success Invest
— Invest · 2 years ago

Golf and Investing: Mastering Long and Short Games For Success

Let’s play a hole of golf to appreciate how two distinct aspects of golf provide valuable lessons for investors. You tee off with a driver on a 450-yard par four hole. Your drive is perfect. Not only does the ball land in the middle of the fairway, but you only have 200 yards remaining to […]

Michael Lebowitz 7 min read