But as we’ve discussed for years, elevated valuations don’t mean prices are likely to fall soon. We were reminded of this in ...

Sure, the stock market is more like the economy than it’s like… a banana. But in the context of a nuanced discussion of finance and macroeconomics, the stock market is not the economy. Government: The ...

Interest rates have been rising this year. The 10-year Treasury yield hit a 24-year high this week. The average 30-year mortgage rate recently crossed above 7%. Energy prices have also trended higher.

It remains tough to generate stock market returns that beat (or outperform) a passively managed fund tracking the S&P 500. According to new data from S&P Dow Jones Indices (SPDJI), just a third of U.S ...

Broadly speaking, rising long-term interest rates are a headwind for borrowers, including most households, businesses, and governments. So then why hasn’t this year’s interest rate rally led to job ...

🗓️ PROGRAMMING NOTE: TKer’s free Sunday newsletter will be on hiatus until Sept. 13 as we enjoy a few summer Fridays. Paid subscribers will continue to receive newsletters covering timely topics as ...

Earnings have been growing at a blistering pace. But it seems unlikely to last. According to FactSet, analysts expect the S&P 500’s 2026 earnings to reflect 30% growth from last year. This helps ...

Not only are profit margins high, but they’re rising. According to FactSet, the S&P 500’s net profit margin is on track to rise to 15.7% in Q2, the highest level since FactSet started tracking the ...

s operating in an industry where the business economics are being slammed by the AI wrecking ball causing professional writers to question the value of their work. We each have different angles on the ...

Some people were surprised to hear that I’m open to updating S&P Dow Jones Indices’ requirements for which companies are included in the S&P 500. I think their methodology is very good. But I wouldn’t ...

Here’s the problem with waiting for more attractive market conditions to buy stocks. “The market waits for no one,” Morgan Stanley’s Mike Wilson wrote in his research note last month. “Equity markets ...