Will today’s widely feared AI crisis turn out to be a no-show, too, just like the most widely anticipated recession of all time, anxiously awaited over most of the past four years? We think so. Stock investors are increasingly worrying about an AI-led Tech Wreck,

The week ahead is a pivotal one for market participants seeking some clarity on US growth and the likelihood of another Fed rate cut. Now that the longest-ever government shutdown is over, investors will finally get a look at the September

We are surprised that the financial markets were surprised by the hawkish tone of remarks from Fed officials this past week. Collectively, a few participants on the Federal Open Mouth Committee pushed back against market expectations for an imminent rate cut,

The S&P 500 closed at 5881.63 at the end of last year. It is up 16.2% since then to 6846.61 today (chart). That beats the average 10.4% ytd gain at this point in the year over the past 10

Today was not a good day to be short AI stocks like Nvidia (up 5.8%) and Palantir (8.8%). They both rebounded dramatically, along with other AI stocks following last week’s selloff (chart). Investors and traders bought the dip again.

On October 29, Fed Chair Jerome Powell said, “[W]hat do you do if you’re driving in the fog? You slow down.” He was referring to the lack of economic data due to the government shutdown. The Fed and the

The S&P 500 peaked at a record high of 6890.59 on October 28 (chart). It is down 2.4% since then. It retested its 50-day moving average on Friday, falling slightly below it around noon. It then closed the day

Bond prices rallied and stock prices fell this morning on news that layoffs rose sharply, according to the Challenger Report, which was titled “JOB CUTS SURPASS 1 MILLION; HIGHEST OCTOBER TOTAL SINCE 2003. COMPANIES CITE COST-CUTTING, AI IN OCTOBER.” That

On Tuesday, investors sold AI-related stocks on news that Michael Burry had shorted Palantir and Nvidia. Today, investors realized that his most prominent short position by far is in Palantir, which currently has a forward P/E of 212.9. Nvidia

Hedge fund manager Michael Burry was portrayed in the film The Big Short. He bet big against the housing market before the 2008 crash and made a fortune. Now, he is taking another “big short” position against Nvidia and Palantir,

The Atlanta Fed’s GDPNow model estimate for real GDP growth in Q3-2025 is 4.0% (saar) today, up from 3.9% on October 27 (chart). After this morning’s Manufacturing ISM Report on Business from the Institute for Supply Management, the nowcast of Q3

A big week of economic releases is coming up, but the government won’t be reporting them because it is closed for business. Nevertheless, the week ahead will still be a big one for private-sector economic data. On balance, they

S&P 500 earnings per share continue to beat expectations. Q3 earnings per share are on track to rise to a new record high. They are driving the S&P 500 stock price index to new record highs. The Magnificent-7 are

In his press conference today, Fed Chair Jerome Powell told financial market participants that today’s 25bps cut in the federal funds rate (FFR) might not be followed by another one on December 10, when the FOMC votes on monetary

Shares ofNokia soared by 23% today after the telecom equipment provider announced a billion-dollar partnership with artificial intelligence (AI) giant Nvidia. As part of the deal, Nvidia plans to invest $1 billion in Nokia in exchange for a 2.9% stake in the