The Show Must Go On We are quite literally witnessing history. In 2025, the level of excitement around AI’s potential to transform businesses and drive productivity propelled nearly $400 billion in capital expenditures from the hyperscalers, helping boost the S&P 500’s market cap up by $9 trillion year-to-date. With markets driven by the power of…Read more
In a typical year, the week following the final Federal Reserve meeting of the year would mark the beginning of the holiday drift. Trading volumes would start drying up, news flow would slow to a trickle, and investors would essentially pack it in for the year. This week, like so much of 2025, won’t be…Read more
What a Buy Typically, we’d start a Fed column by discussing the rate move. This time, we’re going to start with what we believe is the more important part of today’s announcement. Starting on Dec. 12, the Federal Open Market Committee will start buying Treasury bills again at a rate of $40 billion/month. This will…Read more
