Sometimes in big tech, big initiatives that don’t work out end up paying important dividends down the road. That may be the case for Apple and its ‘Apple Intelligence’ strategy this AI Tech Wave, often viewed as the AI laggard amongst it peers. I’ve...

Today’s theme: Too much of a bad thing can be a thing. We’ve all heard the phrase “too much of a good thing” — well, too much of a bad thing can be a thing too, even when good was the original intent. Three separate AI events today make the point: AI...

Markets 2026 is the year of the momentum stock. (awealthofcommonsense.com) Apple ($AAPL) is trading like an anti-AI stock. (finance.yahoo.com) Leveraged ETFs are boosting volatility. (cnbc.com) Banking Where Citigroup’s ($C) turnaround stands....

Podcasts Josh Brown talks with Onur Erzan, President of AllianceBernstein, to discuss what it really takes to serve America’s ultra-high-net-worth families. (youtube.com) Daniel Crosby talks with Neil Bage who is the founder & CEO of...

By now, it’s one of the biggest global media stories in the continuing drama filled early days of the AI Tech Wave. Apple is suing OpenAI, its previously lauded early partner in AI. Over accelerated and massive hiring of AI talent and alleged charges...

Good morning Stocktoberfest is now just 3 months away in New York City. I hope you can calendar and join me October 5-7. The big topics will include The AI boom, but also the degenerate economy, the GLP1 boom, perps, prediction markets and brokerage 2.0....

Here’s a preview of what we’ll cover this week:  Macro: Don’t Bet Against The US Consumer Markets: The Rotation Is Not Over; What Would Cause Me To Go Bearish; Consumer Discretionary: The Worst Is Priced In; Microsoft Is Cutting Out the AI Middleman;...

Markets Some reasons to be bearish including frothy retail behavior. (awealthofcommonsense.com) Low correlations should make for better stock picking, right, right?!? (tker.co) Companies Apple ($AAPL) sued OpenAI for IP theft.. (spyglass.org) SK Hynix had...

Stay in touch Are you a financial advisor? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com) Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) Top clicks this week Why dividend investing...

The Bigger Picture, Sunday July 12 2026 I’ve been talking about global memory shortages spiked by the AI Tech Wave for over two years now. And now that ‘RAMageddon’ is here, it may be here longer than most assume. Especially given the cyclical ups and...