Tale of Two Markets

Tale of Two Markets It is the best of times for a handful of mega-cap tech giants, but for the average stock on Wall Street, it is decidedly the worst of times. It seems almost impossible, but as of the close on October 8, the S&P 500 is a mere 0.7% below it’s all time […]
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Is the AI Debt Tsunami Hitting the Yield Wall?

Is the AI Debt Tsunami Hitting the Yield Wall? The Iran war looks unsolvable, and the risk is higher oil prices for longer, bringing inflation concerns back into the picture. With the exception of Microsoft, the mega-tech companies are now free cash flow negative due to the still accelerating spend on AI infrastructure, and they […]
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