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

HSBC Casts Doubt On OpenAI’s Future Daily Market Commentary
— Daily Market Commentary · 11 months ago

HSBC Casts Doubt On OpenAI’s Future

Per the Financial Times (LINK), HSBC has serious doubts about OpenAI’s financial wherewithal. The following bullet points outline HSBC’s assumptions, which highlight the challenging financial path OpenAI faces. The graphic below from the article shows that HSBC expects OpenAI to run a massive operating loss in the year 2030. Accordingly, they have serious concerns about […]

RIA Team 7 min read
Ray Dalio Says Sell: But Not Yet Daily Market Commentary
— Daily Market Commentary · 11 months ago

Ray Dalio Says Sell: But Not Yet

Ray Dalio is considered by many investment professionals to be a market maven. This is because of the wild success of his hedge fund, Bridgewater, with assets under management of $136 billion, as well as several best-selling economics/finance books he has written. In recent times, Ray Dalio has repeatedly emphasized that markets are in a […]

RIA Team 6 min read
Permanent Job Losers: A Worrying Facet Of Today’s Economy Daily Market Commentary
— Daily Market Commentary · 11 months ago

Permanent Job Losers: A Worrying Facet Of Today’s Economy

Given the two-month delay, Thursday’s BLS employment report on September labor market conditions was not nearly as pertinent as the BLS data typically is. Despite it being old news, it is worth sharing that the number of jobs increased by 119k, but the unemployment rate ticked up from 4.3% to 4.4%. The markets didn’t seem […]

RIA Team 7 min read
Rate Cut Odds Slip Due To Lack Of Data Daily Market Commentary
— Daily Market Commentary · 11 months ago

Rate Cut Odds Slip Due To Lack Of Data

As we share below, the odds of a Fed Funds rate cut at the December FOMC meeting are down to 33%. On Wednesday, there was an abrupt repricing of rate cut odds after the BLS cancelled the October employment report and delayed the November data until December 19th. Furthermore, the BLS JOLTS report for September […]

RIA Team 6 min read
Oracle And CoreWeave CDS Spreads Widening: Omen Or Jitters Daily Market Commentary
— Daily Market Commentary · 11 months ago

Oracle And CoreWeave CDS Spreads Widening: Omen Or Jitters

Fear is being spread on social media that some AI players are nearing default. The evidence, some say, lies in the Bloomberg graphs below showing the widening CDS spreads of Oracle and CoreWeave. Before getting into some details about what the CDS markets may be warning about Oracle and CoreWeave, let’s explain what CDS is. […]

RIA Team 6 min read
How The Fed Deals Liquidity: The Monetary Toolbox Invest
— Invest · 11 months ago

How The Fed Deals Liquidity: The Monetary Toolbox

In our last article, QE Is Coming, we focused on why the capital and financial markets have become so dependent on the Fed for liquidity.  The article explains that, in the aftermath of the crisis, a slew of regulations drastically changed the liquidity landscape. As a result, the Fed—not the private market—is now the primary […]

Michael Lebowitz 9 min read
Margin Debt Sets Records: Should We Be Concerned? Daily Market Commentary
— Daily Market Commentary · 11 months ago

Margin Debt Sets Records: Should We Be Concerned?

There is a strong historical relationship between margin debt and the stock market. Given that margin debt just set a record at $1.18 trillion, it’s worth appreciating the mechanics that support this relationship and what it may tell us about how much longer the bull market may run. When stocks rise, the wealth effect kicks […]

RIA Team 5 min read
The Bearish Bond Narrative Fades Daily Market Commentary
— Daily Market Commentary · 12 months ago

The Bearish Bond Narrative Fades

Not that long ago, bond yields were rising as concerns over deficits, inflation, and a series of bad Treasury auctions were paraded through the media. We bring this to your attention as the Ten-year Treasury auction on Wednesday was on the weaker side, yet the bond market reaction was minimal. Additionally, government deficits are just […]

RIA Team 7 min read
Data Center Debt: Can Oracle Hang With The Big Boys? Daily Market Commentary
— Daily Market Commentary · 12 months ago

Data Center Debt: Can Oracle Hang With The Big Boys?

Meta and Google recently borrowed a combined $55 billion in the corporate bond market. As we share below, this debt represents a new source of funding for data center expansion. Further, as shown in orange, Oracle tapped the private market for loans to secure the capital needed to sustain AI innovation and the related data […]

RIA Team 6 min read