Daily Recap As federal agencies work to complete a marijuana scheduling review, President Joe Biden is touting his role in directing that process, as well as cannabis pardons he’s issued, as part of his proclamation declaring April to be “Second...

Today’s theme is one of my favorite songs. ‘Que Sera, Sera. Whatever will be, will be’. It is from The Man Who Knew Too Much, the Hitchcock movie, and it won the Oscar in 1956. Doris Day, Jimmy Stewart. A terrific movie, recommended. And it applies to...

Amazon, Microsoft and Google quarters see Cloud lifts: Amazon, Microsoft and Google all saw investors connect rising AI investments with robust growth in the top three global cloud businesses, driven increasingly by businesses focusing on AI applications....

Autos Ford ($F) wants buyers to customize their vehicles. (cnbc.com) These drivers go out of their way to avoid new tech. (wsj.com) What it’s like to drive the Slate Truck. (engadget.com) We need AV data from more companies than just Waymo....

July 2026 The S&P 500 returned -0.06% last month. (on.spdji.com) How major asset classes performed in July 2026. (capitalspectator.com) Rates Treasury rates aren’t heading meaningfully lower absent a recession. (mrzepczynski.blogspot.com)...

Markets Bank stocks are rallying. (trendlabs.com) How Japan’s stock market has changed over time. (apollo.com) In this market, big stocks are making really big moves. (awealthofcommonsense.com) Strategy On the limits of financial modeling. (tker.co)...

Today’s theme, ‘That’s a wrap’, at least for the five big tech companies in the quarter, with a little more to go. Amazon and Apple brought down the curtain, after Google last week and Meta and Microsoft on Wednesday. Two more to come. SpaceX on August...

One of the stranger features of this AI Tech Wave has been who resisted it hardest in its early years. The young. Past tech waves were adopted youth first. PCs, the internet, smartphones, social. This one ran the other way. I have written about this a...

Here’s a preview of what we’ll cover this week:  Macro: Bread and Synchrony Confirmed Consumer Strength Markets: High Expectations; When Will Semiconductors Bottom?; We Are In A Rotation; The Bull Market Remains Intact; Plenty of Worry. Plenty of Cash;...

Here’s a preview of what we’ll cover this week:  Macro: Fed Backs The US Economy; Inflation Is Still the Problem Markets: Markets Finish Higher as Leadership Flips; How Is The Earnings Season?; Microsoft: Please Don’t Associate Me With OpenAI; OpenAI:...