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
Believe the Bounce? Over the past two months markets have been on quite a ride, although you wouldn’t know it by looking at broad index returns. Since mid-December, the S&P 500 is up 1%, while software stocks and bitcoin are down 24% and 27%, respectively. That’s a big spread, and was even more dramatic before…Read more
