It’s been over a week now that Elon Musk managed to launch his SpaceX/xAI IPO as best as he had planned it this AI Tech Wave. Now that the market is focused on the two mega-AI IPOs left, Anthropic and OpenAI later this year, the discussion of course turns...

Here’s a preview of what we’ll cover this week:  Macro: Inflation Is a Choice; A Solid Economy and a Stable Job Market Markets: The Market Passed Every Test; Rotation Ahead; Where Are Fund Managers Headed?; The Death of Nvidia Is Greatly Exaggerated;...

Markets The speed of the move in semiconductor stocks is stunning. (howardlindzon.com) Markets (and the world) just seem to move faster these days. (downtownjoshbrown.com) Finance Why Jane Street is betting big on AI. (wsj.com) Bain Capital’s buyout...

First off…happy father’s day! Onward… What. A. Week. I watched most of this week unfold from my desk in Phoenix because it was 115 degrees outside. Too hot man. I watched way way way too much news this week. It feels like I put on 20 pounds on anger....

Stay in touch In the business of financial advice? 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 A look at the...

The Bigger Picture, Sunday June 21, 2026 It’s easy to be transfixed by all things AI here in the US of late. So much drama, progress, and momentum. Especially in the public markets after SpaceX/xAI of late, and two more mega-AI IPOs to come. This AI Tech...

Autos How Carvana ($CVNA) plans to sell new cars. (cnbc.com) Lyft ($LYFT) and Uber ($UBER) prices for the same ride can differ dramatically. (consumerreports.org) Uber ($UBER) AVs are coming to Houston. (techcrunch.com) Waymo Waymo has a construction...

Anthropic ‘The Blip 2.0’ Continues: A full week has gone by since Anthropic’s top Mythos and Fable 5 models were unceremoniously taken off the global market by the US Government last Friday. Apparently after a chat between Amazon CEO Andy Jassy and...

It’s been a week of volatile and ad hoc AI policy and drama after Anthropic’s ‘The Blip 2.0’ — what I’ve been calling the US government’s move against the company’s latest Mythos and Fable 5 models. A nod to the original ‘Blip 1.0’ weekend three+ years...

Markets How markets have performed under different Fed chairs. (chartkidmatt.com) Mid-cap industrial stocks are at all-time highs. (trendlabs.com) Why is volatility contained? (etf.com) Fund management How indexing took hold in bond funds....