The Bubble Index
Two questions, not one: is the US equity market priced and positioned like past bubble peaks, and is anything in credit or the economy actually testing it? Sixteen public indicators, rebuilt every morning, with every …
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Market Analysis
Is the AI Bubble About to Pop? Five Hard Truths from Ray Dalio
Ray Dalio argues the AI boom is a textbook bubble arriving at the worst possible moment in the debt cycle. Five takeaways from his Diary Of A CEO interview — wealth versus money, the 80-year Big Cycle, why cash is a …
Amazon Q1 2026 Earnings: AWS and Advertising Drove the Beat, but EPS Quality Was Mixed
Amazon’s Q1 2026 beat was strong on revenue, AWS, and operating income, but EPS was materially helped by Anthropic gains and capex remains the key debate.
US Stocks Tumbled on a Hot Jobs Report and Rising Yields
US stocks sold off sharply on June 5 as a stronger-than-expected May jobs report pushed Treasury yields higher and hit tech and semiconductor shares hardest.
Big Tech Earnings Show the New AI Trade: Monetization Wins, Spend Alone Does Not
Microsoft, Alphabet, Amazon, and Meta showed the market now wants visible AI monetization, cloud acceleration, and operating discipline.
