What to Wish For It’s been a dramatic start to the year in markets, although you wouldn’t know it looking at the returns of broad indices. The S&P is roughly flat year-to-date, yet the spread between the best and worst performing industry groups is a whopping 45 percentage points. What will it actually take to…Read more
Wall Street’s attention this week is really focused on only one thing: Nvidia’s quarterly results. To set the stage, the big tech companies at the forefront of AI (the “hyperscalers”) were expected to invest $522 billion this year coming into earnings season. They’re now projected to spend $642 billion, over 23% more than initially estimated…Read more
Return of the Macro We haven’t written about the macro environment much this year because market volatility and major geopolitical events have dominated the headlines. But now seems like a good time to do a check-in on the state of things in the U.S. economy. (Call it ‘Return of the Mack-ro’ for you 90s kids…Read more
