Key Takeaways Two weeks ago, after the S&P 500 logged its ninth consecutive weekly gain, we discussed that a bull market pullback was coming. It came. From the May 27 record near 7,621, the index slid 4.5% and bottomed almost exactly on its 50-day moving average before ripping back to close Friday at 7,431.46. That […]
This past week, the market hit an all-time high. At the same time, Alphabet (GOOG) told investors it would raise $80 billion by selling stock to fund its AI buildout, and the shares fell about 4% on the news. Within days, SpaceX is reportedly set to price one of the largest IPOs ever attempted. If you want […]
Last week, a viewer of the Morning Show emailed me about risk management for retirees. He asked the single most important question retirees face, and rarely get a straight answer to. “From an already retired perspective, and as one whose stock allocation is typically held in various index funds, if you see a market correction […]
After three decades of watching market cycles play out from both sides of the trade, I’ve come to a simple conclusion: Wall Street’s love of simple rules is one of the most dangerous aspects of investing. When stocks fall 10%, it’s just a “correction.” However, if they decline 20%, it’s a “bear market.” Simple, clean, […]
$397 billion. That’s how much “Buffett cash” now sits on Berkshire Hathaway’s balance sheet after Greg Abel’s first quarter as CEO. Warren Buffett left $373 billion behind when he stepped down at the end of 2025. Three months later, after Abel’s debut earnings report on Saturday, the hoard had grown by another $24 billion. The figure […]
The parabolic semiconductor rally crossed a line this week. SOXX, the iShares Semiconductor ETF, closed Friday at $509.77 after touching a fresh intraday high of $511.68. That’s a gain of roughly 244% from the April 2025 low of $148.31. Most of that move has been compressed into the last two months alone. Since mid-March, SOXX […]
Collapsing breadth. Stretched positioning. The worst seasonal window of the year. The worst year of the political cycle. And a war that won’t end. Market correction risk is stacking up. The S&P 500 hit a fresh record high last week. The median stock in the index is sitting 13% below its 52-week peak. That divergence is […]
As of this writing, the Strait of Hormuz remains effectively closed since February 28. Roughly 20% of the world’s seaborne oil stopped moving through the chokepoint. The International Energy Agency described the event as “the largest supply disruption in the history of the global oil market.” Gulf producers shut in nearly 9 million barrels a day […]
The Iran shock erased 18% from valuations and fully recovered in two weeks. Investors who panicked missed it all. Here’s what the market lesson is about: risk management, behavior, and what to do with your portfolio right now. The stock market selloff between February 28 and April 14 produced one of the more instructive market […]