·       Not even war drums can knock the S&P 500 out of its sideways range

·       AI hysteria overdone

·       Don’t let geopolitics drive investment decisions

·       AI is at it again, new model release = another industry-specific selloff.

·       Nice rotation keeps S&P 500 above 6,800 – trouble awaits below.

·       The worst of the tariff uncertainty is in the rearview.

·         AI fear is making its way from one industry to another.

·         ‘Good data, bad price action’ - equities shrug off solid jobs report, and better CPI inflation print.

·         Rest of World equities continue to outshine U.S. equities.

·       MegaCap Tech spending splurge riles equity market.

·       But, economic growth tailwinds and earnings lend support.

·       Periods of rapid change demand humility and discipline.

·       Markets react to Warsh getting Fed chair nomination.

·       Latecomers to precious metals get humbled.

·       S&P 500 not ratifying bullish narrative.

• Precious metals mania - tread carefully.

• Where does the upside come from for risk assets from here?

• A chat with Alphabet’s Gemini AI.

·       Risk-off in markets as Trump ups aggression in pursuit of Greenland.

·       Rising bond yields adding pressure to heightened geopolitical uncertainty.

·       Unwind of U.S. exceptionalism poses a big risk for investors.

·       U.S. equities off to a strong start, global equities even stronger.

·       Markets correctly sifting ‘signal’ from ‘noise’.

·       Uranium market set-up for fireworks.

·       Last year's winners start 2026 where they left off.

·       The transition from a unipolar world to a multipolar world is playing out.

·       If 2026 meets expectations, it should be a constructive year.

·       AI theme getting questioned.

·       Fed cuts rates, and looks to be on hold.

·       U.S. National Security Strategy report asserts change is coming.

·       Markets have been chopping sideways for the last 4-6 weeks.

·       Labor market showing wider cracks.

·       Affordability frustration is about cumulative inflation costs, not YoY change.

·         Holiday rally pushes the S&P 500 back up near all-time highs.

·         Power capacity is the bottleneck in the AI revolution.

·         Not much to get excited about (in either direction) in capital markets.

·       Earnings from the largest company in the world didn’t disappoint.

·      But the price action validates an ongoing character change in the AI theme.

·       Markets got some clarity on uncertainties that have been worrying investors.

·       S&P 500 at risk of breaking levels that would trigger systematic selling by CTA and vol-control funds.

·       Markets repricing for less accommodative Fed.

·       Nvidia earnings on tap – can it save the AI theme.

·       End of the shutdown sparks a risk-on rally.

·       Mega-cap tech spending spree getting stretched.

·       The divide between the ‘haves’ and ‘have-nots’ is undermining capitalism.

·       Q3 earnings helping to push equities higher – Mega Cap Tech reports on deck.

·       Rarely mentioned, but global equities are having a great year.

·       Is the energy sector underappreciated by investors?

·       Asset prices had a good week with gold showing its shine.

·       U.S. and Chinese officials posture ahead of Trump/Xi meeting.

·       This isn’t just a trade war – it’s for who sets global order over the next century.

·       Tariff headlines drive volatility in both directions.

·       There is a lot at stake in this U.S./China conflict.

·       Diversification is not a dirty fifteen letter word.

·       Data is sparse with the shutdown, but what we got wasn’t good.

·       Lots of calls to embrace the everything rally – raises my skepticism.

·       Debasement strategy becoming mainstream – as it should.

·       Markets await a slate of economic data, including the September jobs report on Friday if we’re able to avert a government shutdown.

·       A good time to revisit return expectations and your financial objectives.