History Happens Again and Again

History Happens Again and Again

Monday, October 12, 2026 I don’t know who said it, but I love this quote: “There are decades when nothing happens, and then there are weeks when decades happen.” I love it because it focuses on how quickly meaningful moments unfold. For instance, on Oct.19, 1987, the...
A Higher-For-Longer Situation

A Higher-For-Longer Situation

Monday, October 5, 2026 Here’s some good news – federal tax revenues keep increasing. But there’s bad news too. Spending is increasing faster than the revenue. The U.S. collected a record $5.23 trillion in tax revenue in fiscal 2025, which was an increase of 6.4% from...
The Elephants in the Room

The Elephants in the Room

Monday, September 14, 2026 The federal government’s share of the economy is the largest it’s been in 75 years. So far in the 2020s, federal spending has averaged 26% of gross domestic product, which is the value of everything the country produces in one year....
To the Moon and Back

To the Moon and Back

Monday, August 24 Earnings season is here again, with banks first reporting blowout earnings. The outperformance was driven by investment banking, specifically fees related to the SpaceX initial public offering. JP Morgan Chase had a record quarterly profit – $21...
Margin Calls Often Lead to Overbought Conditions

Margin Calls Often Lead to Overbought Conditions

Monday, August 17 A month after the dot-com bubble back in 2000, the market sent a warning shot. It was April 2000 and stocks collapsed 10% in five days, falling 6% on the last day alone. The New York Post ran a story about margin calls driving the selloff. The story...