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...
Retail Investor Troubles

Retail Investor Troubles

Monday, August 10 It’s easy to remember how euphoric investors were back in 2021 and 2022. Unfortunately, we’re reaching those levels again today. Stocks were all anyone could talk about as COVID kept people at home and investing their stimulus checks in the...
The Pessimism of Current Real Yields

The Pessimism of Current Real Yields

Monday, July 13 Real yields have turned negative, which is changing the income investing game. Inflation has surged past short-term yields. And yet, households kept pouring cash into money market funds in the first quarter. The latest Federal Reserve data shows...
Seeking Safety Can Mean Missing the Biggest Gains

Seeking Safety Can Mean Missing the Biggest Gains

June 8, 2026 While markets have made all-time highs this year, you may think we’re near the top and it’s time to pull back. But you can’t time the market. Many kinds of markets cycles occur for long-term investors. When there’s intense market volatility, the urge to...