Markets Oil markets are tuning out Trump’s statements. (axios.com) Companies in the Stoxx Europe 600 index saw an 18% rise in Q2 earnings. (wsj.com) Markets lie less than politicians. (howardlindzon.com) ETFs Bryan Armour,...

Here’s a preview of what we’ll cover this week:  Macro: Don’t Bet Against The US Economy; Inflation Keeps Finding New Reasons To Stay; Bessent’s Treasury Twist Markets: The Anticipated Pullback; Where Are We In The Rotation?; Anthropic’s IPO...

Tickets for Stocktoberfest are here. Good morning… I am heading to San Francisco this week and will be doing a presentation at the Money Show (Wednesday) on Investing in The Degenerative Economy. From there it is three months on the road as I head east. I...

Sign up Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) Work in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com) Top clicks this week The rates environment...

The Bigger Picture, Sunday, August 23, 2026 Today, we’re discussing the fruits of the STEM (Science, Technology, Engineering, and Math) in China, as seen from an AI entrepreneurship perspective. Thursday’s piece was the zoom-in: China’s AI momentum...

Autos ~25% of global auto sales this year will be electric. (nytimes.com) Toyota ($TM) is set to become the biggest American car maker. (wsj.com) How rising DRAM prices will affect car prices. (theatlantic.com) Modern cars can catch fire even when they...

Anthropic’s mega-IPO prep gathers steam: Anthropic is building revenue momentum with its class leading AI Coding and enterprise products, at a run rate of $65+ billion, with second quarter revenue surging more than 14-fold year over year. The company...

Indexing The first retail index fund, via Vanguard, turned 50 years old. (morningstar.com) Who won from the index fund revolution? (bloomberg.com) ‘Bogle’s folly’ turned out not to be. (wsj.com) Finance A look at the big players in...

‘Way Harder than it Looks.’ China continues to have a busy AI week. Today’s ARD is about what success actually costs in the world’s second largest AI market: New reports on Nvidia engineering a Groq Inference chip it can legally sell in China and denying...

Yesterday’s part 1 was the ‘zoom-in’ close-up: China’s week in downloads and valuations. Today, the zoom-out for this AI Tech Wave globally: the full picture of open source AI worldwide, through Hugging Face’s biannual State of Open Models report,...