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

Doug Boneparth of The Joint Account and I were live on the Substack app to talk about the outlook for markets and how people should think about it all in terms of their money. This was part of the ...

3. For more on market moves, read: Investing in the stock market is an unpleasant process 📉 Warren Buffett, legendary investor and CEO of Berkshire Hathaway, wants everyone to know that he remains a ...

There’s more evidence that the economic narrative could be undergoing a major shift. For months, we’ve been living in an economy in which strong demand has been met with lagging supply, causing ...

I wasn’t aware of what was happening on Black Monday, October 19, 1987. I was 5 years old then. But the more I learn about the stock market, the more I think about how I might’ve behaved if I’d had ...

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 ...

🗓️ 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 ...

With over 90% of S&P 500 companies having announced their most recent quarter’s financial results, Q2 earnings season is basically over. And it was a record breaker. “S&P 500 operating earnings per ...

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 ...

o be both better and bad. That’s because “worse” and “better” are relative terms, while “good” and “bad” are absolute terms. Kind of like when you’re recovering from illness. You sometimes start ...

g that investors should expect weak returns over the years to come. Unfortunately, all valuation metrics are far from perfect, and their signals can lead you astray. Let’s quickly review three popular ...