Category: Markets and Macro

History does not hand investors a calendar date for the next boom or bust, but it does offer a clear pattern: over long stretches, stocks have rewarded patience far more often than they have punished it. As 2026 approaches, the real question is not whether markets will be perfect, but whether your plan is built…

The next phase of the market cycle is starting to look less like a late-stage grind and more like the early innings of a new expansion, with earnings growth poised to reaccelerate. Morgan Stanley is leaning into that view, arguing that investors who position now for an economic upswing can tap into a powerful combination…

U.S. stocks are back in record territory, powered by a narrow group of technology giants and relentless enthusiasm for artificial intelligence. Valuations are stretching, forecasts are climbing, and yet the nagging question of whether this is an AI bubble refuses to fade from the tape. I see a market that is both rationally excited about…

China’s biggest technology buyers are turning away from Nvidia’s H200 artificial intelligence chip, signaling that Washington’s carefully calibrated export strategy is not playing out as planned. Instead of locking Chinese firms into a slower, U.S. controlled upgrade path, Beijing is using the opening to accelerate its own semiconductor ecosystem and blunt American leverage over its…

Prices in the United States are no longer climbing at the breakneck pace of the pandemic years, but they are not falling across the board, and they are certainly not “coming down very substantially” in the sweeping way President Donald Trump keeps telling voters. The official inflation gauges show a slower rise in costs, not…

Wall Street is enjoying record stock prices even as a growing chorus of strategists warns that the next decade could look far less generous for investors. The fear is not of an imminent crash, but of a grinding period in which inflation, interest rates and slower growth quietly erode returns and leave index investors treading…

Elon Musk is reassessing one of his most high-profile political experiments, conceding that the Department of Government Efficiency, or DOGE, delivered only modest gains and is not a model he wants to repeat. His shift in tone marks a rare public admission that his aggressive push to streamline Washington under President Donald Trump has not…

The people who work closest to the president help shape everything from foreign policy to the wording of a State of the Union, and their paychecks reflect just how valuable that work is considered inside the West Wing. The highest earners on the White House payroll now take home salaries that rival top posts in…

President Donald Trump has been touting what he calls an “A+++++” economy, casting the current expansion as a historic triumph that voters simply fail to appreciate. Economist Paul Krugman is not buying it, arguing that the headline numbers mask deeper fragilities and that the self-congratulatory grading ignores who is actually feeling the strain. In a…

Donald Trump has claimed that China stopped buying American soybeans during Joe Biden’s presidency, casting himself as the only leader who could reopen that market. The trade data tell a very different story, showing steady Chinese demand and, in key years, larger shipments under Biden than during Trump’s first term. The gap between the rhetoric…