$RSP Equal-weighted $SPX joining DJIA in pushing back to new all-time highs (Recall, DJIA did this last week) While there were minor concerns about breadth in mid-July up until early Aug, & seasonality remains negative.. we never saw any meaningful break in trend, despite

For $TSLA investors, this is the start of a coming technical breakout, in my view.  Today's move to 6-day highs exceeded the minor downtrend of the past week and volume expanded to the highest levels since 8/11.  Very promising 1-day advance that likely will carry this back to

This is unprecedented: Earnings of the Magnificent 7 companies have surged +145% since ChatGPT was introduced in November 2022. By comparison, profits of the remaining 493 S&P 500 firms have increased just +4% over the same period. Furthermore, the Mag 7’s EPS has risen

The age of consumer capitalism is over. Consumer capitalism = produce goods to sell. We now live in the world of financial capitalism. Have a spare 10,000,000? You don’t build a factory to make goods, you simply invest in the stock market. Why? Less risk and more return.

If you’re decent at math, becoming an actuary is a cheat code for joining the upper middle class. $250-300k in your early 30s if you’re willing to study for the exams (which are challenging but not unreasonably hard). 40 hour workweek most places. Ivy League MBA not required.

I’ve been consistently warning that Nvidia was becoming a systemic risk, and now it has. Systematic risks aren’t new to the global financial system, they’ve always been around and always will be. But we’ve never seen a single company come this close to outgrowing the

The 69% decline in the $VIX over the last 20 weeks is the biggest volatility crash in history. Video: youtube.com/watch?v=h98CbZ…

Chicago has become a Joke ... Nordstroms smash and Grab ... imagine being able to steal some cars drive into downtown with 15 people then rob a store and drive out of downtown without anyone stopping you ... while tourists video tape the event laughing like its a show ... HiHo

NEW: I argue in City Journal that it’s time to discuss giving Chicago the power to seek Chapter 9 bankruptcy protection. Our city’s children and grandchildren should not be punished for reckless mistakes made decades ago.

Newsom has refused to fund Prop. 36, our initiative to Make Crime Illegal Again that voters passed in a landslide. Yet he's found $250 million for his Redistricting Sham. The safety of Californians is a much lower priority than his own political power.

Extreme valuation years led to 50-70% sell-offs. This time will be no different. God help us all.

One step closer to this. Read it

If the North Side of Chicago was its own city, it would be amongst the top 10 safest in the nation. If the South Side of Chicago was its own city, it would be amongst the top 10 most dangerous in the nation. Astonishing info. Truly a tale of two cities.

IPOs are back! Initial Public Offerings have surged an average of 35% on their first day of trading this year, the strongest performance since 2000 👀

Roth IRAs are a wealth building machine. But they can be confusing. After working with 100s of clients I've seen all of the common pitfalls Here are the things you must know before investing in a Roth IRA:

4. Roth IRAs income limit You can’t contribute to a Roth IRA if you make more than $165k (single) But, as always, there’s a work around if you know the rules Backdoor roth contributions: 1. Non deductible contribution to an IRA 2. Direct rollover to a Roth

WATCH: Even MSNBC's Joe Scarborough is baffled that Chicago Mayor Brandon Johnson won't just give a straight answer when it comes to the safety of his city. This is difficult to watch.

The most important chart you'll read today: Why is President Trump's attempt to fire Fed Governor Cook so pivotal? Because, it would give Trump-appointed Fed Governors the MAJORITY on the Fed board. 4 of 7 Fed Governors, excluding Fed Chair Powell, would be Trump-appointed.

Blueprintsmb All a matter of time horizon. 99.9% of companies go bankrupt over a 100 year time span, so they all have 70% drawdowns from the all time high.

Here is the most depressing Chicago economic chart I've ever made. Real GDP growth between 2018-23 (year of latest available data) for the top 25 US metro areas by GDP size. There is a HUGE cost to our horrendous economic growth. What an indictment of state and local leadership.