Under the Surface August 3, 2026 The market may not be as calm as it looks. While the earnings season remains strong and the S&P 500 finished July essentially flat, potential volatility is being fueled by internal rotation, geopolitical tensions, and interest-rate...
July 6, 2026 “I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.” Alan Greenspan I hope this letter finds you well and that you enjoyed the 250th July 4th celebrations over the past...
January 4, 2026 Economic Overview The Stock Market The Bond Market Economic Overview By Dr. Mark Pyles At the risk of ruining a page-turning crescendo, we won’t bury the lede here (and yes that is the correct spelling of that use of the word). The U.S. economy...
Red, White, and a Booming Market July 1, 2026 Markets just posted their best quarter in 20+ years, so what’s next? In this month’s First Week video, Walter outlines the strong rebound and unpacks the cracks that may be starting to show beneath the surface. From Fed...
Will AI Burst? June 2, 2026 “You’re looking at roughly 50% of the S&P being concentrated in technology and technology-related stocks. It’s actually a little higher if you include names from other sectors. We haven’t seen that level of concentration since...
