4 days ago · © 2025 This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any ...

3 days ago · We just opened a second headquarters in Chicago, Illinois. It was so close to never happening. Like so many things in life, everything needed to go exactly right. My origin story starts in 2012. I’ve told it many times before, so here is the abridged version. I was sitting down in Madison Square ...

Aug 5, 2024 · Blowing air on the flame, over the weekend we learned that Buffett dumped half of his Apple exposure. Alex Morris notes that Apple is still 30% of Berkshire’s equity portfolio at the end of the second quarter. But context aside, Apple was likely to fall on this report, dragging down mega-cap tech with it.

Jan 4, 2025 · Private investments surge (-600/86% chance) Degens aren’t leaving. They’re not f*cking leaving. (-475/83%) Money stays in money market funds.

Dec 18, 2024 · Today was a washout. Every S&P 500 sector was red. 483 stocks in the index fell today. Its 2.95% decline was the worst day since the Yen carry trade exploded in August.

Mar 21, 2025 · Investing only in AAA-rated CLOs means missing out on higher yield from across investment grade tranches. The VanEck CLO ETF (CLOI), sub-advised by PineBridge Investments, actively seeks the most attractive investment grade CLOs, from AAA to BBB.

Oct 10, 2024 · At their peak in July, the Mag 7 contributed 12% of the 19% rally in the S&P 500, driving 64% of the overall return. There was a lot of hemming and hawing that when they fizzled out, the rest of the market was in big trouble.

Jan 9, 2025 · I used to write a lot about the CAPE ratio. It was a big topic of debate for a few years back in the mid-to-late teens. For those who weren’t around or are unfamiliar with this, it stands for the Cyclically Adjusted Price-Earnings ratio, and it inflation adjusts the last ten years worth of earnings to smooth out the volatility of the business cycle.

Apr 26, 2025 · “While it's still very early in the second quarter, through the first 1.5 weeks in April, overall spending levels have remained consistent with what we saw in the first quarter in both Goods & Services and T&E and across all customer segments.Based on the steady spend and credit trends we've seen to date, we are maintaining our full year revenue growth guidance of 8% to 10% and EPS of $15 to ...

Apr 11, 2025 · You’ll see a lot of that in the coming days and weeks. I strongly agree and disagree with parts of that sentiment. Blackrock reported earnings this morning. Larry Fink said, “We have not seen any capitulation with any clients.” He’s not …