Animal Spirits experience an Icarus Moment as the adrenaline rush from Trump's election victory fades. The NAZ rallied ~28% from early August lows to this…

What would a turning point in Irrational Exuberance look like? Well, for a start: Some analysts say that retail is the most bullish ever. I…

Tech stocks led the indices higher this week. AAPL hit new record highs, up ~11% in a month and ~50% in eight months. TSLA had…

Trump shocks markets: he will hit Canada and Mexico with 25% tariffs on ALL exports On Monday afternoon, November 25, Trump announced that on his…

American exceptionalism: US stocks have hugely outperformed the rest of the world. The S&P is up ~46% from its October 2023 lows. It jumped ~5%…

Stock indices, interest rates, and the USD rose sharply last week following Trump's victory. This week, stock indices fell, interest rates rose, and the USD…

US stock indices soared on Trump's victory—the DJIA, S&P, and NAZ rallied to new record highs this week. The S&P and the DJIA hit record…

Bond yields have risen sharply since the Fed cut short rates on September 18. When the Fed cut rates in September, the 10-year yield was…