Daily Market Commentary Hedge Funds Sell, Retail Buys: Whose The Smart Money? Blog Griffin May Be Right About AI. The Timing Could Be Very Wrong. Daily Market Commentary The Market’s Biggest Buyer Is Stepping Back 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
Vol. XXVII · No. 134
Tuesday — October 27, 2026
Houston, Texas
Search Results

lance roberts

1,316 results found

Mag 7 Debt & Declining Free Cash Flow: Worrisome Or Not? Daily Market Commentary
— Daily Market Commentary · 8 months ago

Mag 7 Debt & Declining Free Cash Flow: Worrisome Or Not?

We have read a few articles expressing concern that the free cash flow for many of the Magnificent (Mag) 7 companies that are heavily involved in AI development and/or data center construction has leveled off. Furthermore, the hyperscalers, including Amazon, Microsoft, Google, and Oracle, issued over $120 billion in debt last year. Additionally, Google just […]

RIA Team 6 min read
Century Bonds: A Long Term Bet On Google Daily Market Commentary
— Daily Market Commentary · 9 months ago

Century Bonds: A Long Term Bet On Google

Google’s parent, Alphabet, just issued $32 billion in global debt, including £1 billion of rare century bonds. Alphabet’s century bonds are called such because they do not mature for 100 years (2126). While the century bond is a small piece of its recent debt offering and even less of its outstanding debt ($78 billion), the […]

RIA Team 4 min read
BLS Labor Report Defies Consensus Daily Market Commentary
— Daily Market Commentary · 9 months ago

BLS Labor Report Defies Consensus

The delayed BLS employment report came in well above expectations, showing the economy added 130k jobs in January. Furthermore, the unemployment rate slipped to 4.3% versus expectations of a 0.1% increase to 4.5%. The more encompassing U6 unemployment rate fell from 8.4% to 8.0%. The BLS labor report contradicts the monthly and weekly ADP reports, […]

RIA Team 5 min read
Bond Yields May Plummet: Five Potential Catalysts Daily Market Commentary
— Daily Market Commentary · 9 months ago

Bond Yields May Plummet: Five Potential Catalysts

The top graph below, courtesy of Bloomberg, shows that the price of TLT, the 20+ year Treasury bond ETF, has been drifting sideways for the last couple of years. Often, when a security trades in a tight range over an extended period, as we see with bonds currently, a breakout from the range can be […]

RIA Team 6 min read
The Reflation Narrative Economics
— Economics · 9 months ago

The Reflation Narrative

The market got off to a strong start in 2026, with investors chasing industrials, materials, and commodity-related stocks as the reflation narrative gained traction. The "reflation narrative" is the belief that a range of policies will boost the rate of economic growth in the U.S. without triggering inflation

Lance Roberts 7 min read
Eli Lilly Shares Boosted BY GLP-1s Daily Market Commentary
— Daily Market Commentary · 9 months ago

Eli Lilly Shares Boosted BY GLP-1s

On Wednesday, Eli Lilly, the largest holding (15%) in XLV, the State Street healthcare sector ETF, reported earnings well above expectations, and its shares initially rose by 10%. Its fourth-quarter adjusted EPS of $7.54 easily beat the consensus estimate of $6.98. Further boosting Eli Lilly shares, its revenue surged 43% to $19.29 billion, almost $1.5 […]

RIA Team 6 min read
Japan Is Normalizing: Risks To The Yen Carry Trade Invest
— Invest · 9 months ago

Japan Is Normalizing: Risks To The Yen Carry Trade

“Japan Bond Meltdown Sends Yields to Record High on Fiscal Fears,” read a January 2026 Bloomberg article. Headlines like this, and many others, warn that Japan’s abrupt interest rate increase is an omen of dire trouble. While that may be the case, given decades of economic woes, declining demographics, and extreme levels of outstanding debt, […]

Michael Lebowitz 8 min read
ISM Manufacturing Supports Reflationary Forecasts Daily Market Commentary
— Daily Market Commentary · 9 months ago

ISM Manufacturing Supports Reflationary Forecasts

Over the last couple of weeks, we have shared evidence that supports the reflationary narrative and some that defies it. Today, we share the latest ISM Manufacturing data, which lends credence to the reflationary narrative. The ISM Manufacturing survey showed a big improvement in sentiment, as shown below. The gauge shot up 4.7 to 52.6, […]

RIA Team 5 min read
Warsh To Head The Fed Daily Market Commentary
— Daily Market Commentary · 9 months ago

Warsh To Head The Fed

The wait is over, and President Trump has nominated Kevin Warsh to head the Federal Reserve. To better appreciate Warsh’s views on monetary policy and what they may entail for markets, we summarize a recent Wall Street Journal editorial he wrote, The Federal Reserve’s Broken Leadership. Our market-related thoughts are below the bullet points. From […]

RIA Team 5 min read