Today’s theme: AI chips — not as easy as it looks. From making the chips, to financing the chips, to making money around them. It’s all very hard, and getting harder. Three stories for the AI Tech Wave — Nvidia, SK Hynix, and Softbank — each with my...

Botting, memecoins, puts, private credit, emerging markets and bowling.

Markets The Mag 7 is underperorming YTD. (awealthofcommonsense.com) Small caps are not. (wsj.com) Finance Why dividend investing is dead. (flyoverstocks.com) Robinhood ($HOOD) defined Brokerage 1.0. ‘Brokerage 2.0’ is already...

As a reminder, MarketSurge (by Investor’s Business Daily) is a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from MarketSurge. They are offering my readers 2 months for $59.95 – save...

Podcasts Michael Batnick talks with Jon Stein, founder of Warmer, a platform for helping people find the right human financial advisor.. (youtube.com) Sean Allocca and John Manganero talk with David Blanchett about big mistakes in retirement...

I’ve talked about spinoffs a lot over the last three years of AI Reset to Zero. Especially around Google and its cornucopia of assets. And now there’s a resurgent interest in the Spinoff topic in technology companies in particular. And that is the...

The Weekend RipHappy Weekend! Pic we took of the fireworks over Manhattan last night The holiday-shortened week belonged to AI, until AI started arguing with itself. Tech and semis carried the tape early, then crowded positioning, policy weirdness, weak...

Come for the Alpha – sign up here Good morning… I hope everyone had a fun 4th of July. We are in Coronado, which is always a special place to be on July 4th weekend. I moved to The Unites States (Arizona) for business graduate school back in 1989...

Markets We only know about structural breaks in retrospect. (humbledollar.com) Stuart Kirk, “The wisdom of crowds has never lain in the consensus. It lies in the disagreement.” (ft.com) Business Companies are choosing...

Here’s a preview of what we’ll cover this week:  Macro: 250 Years, and Still Flourishing; The Jobs Report Markets: The Great Semis Unwind Has Begun; The AI buildout Needs a Power Cord; The Compliance Gene Lumida Curations: Dylan Patel on Why Nvidia Is...