Today’s theme: what’s in a name? The names and definitions we’re all constantly reaching for across AI. Three events for the AI Tech Wave — SpaceXAI’s rebrand, Anthropic’s language for how Claude’s ‘mind’ works, and the US-China open-vs-closed model split...

Markets U.S. stock returns are rarely normal. (ofdollarsanddata.com) Betting against U.S. stock has historically been a loser. (optimisticallie.com) Market bubbles are as old as markets. (acadian-asset.com) Finance State Street SPDR Nasdaq 100 ETF...

Books Phil Bak talks with Aaron Brown about his new book “Wrong Number: How to Extract Truth From a Blizzard of Quantitative Disinformation” (philbak.substack.com) A review of “Stock Market Maestros: The Winning Habits, Strategies,...

It’s now officially three weeks since the lifting of Anthropic’s June 12 ‘Blip 2.0’ last week by the US Government. Named as such by me after ‘the Blip 1.0’ three years ago, when OpenAI’s non-profit board fired and re-hired founder/CEO Sam Altman over...

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...

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...

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...