Bad Breadth
October 2026
On October 6th, the S&P 500 Index notched a new peak. But all is not as it might seem on the surface. Read this week's Soundings post for a deeper look.
Soundings
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Equities
- All Posts
- AI
- Alternative Investments
- Commodities & Real Assets
- Crypto
- Equities
- Fed Policy
- Fixed Income
- Gold
- Growth
- Hedge Funds
- Impact
- Inflation
- Investing
- IPOs
- Macroeconomics
- Market Commentary
- Market Concentration
- Market Conditions
- Oil Prices
- Private Credit
- Private Equity
- Tide Cycle Updates
- U.S. Dollar
Data Center Blues
October 2026
Hyperscalers are borrowing like never before, towns are saying no, and Anthropic's prospectus shows $518b in commitments with a short leash as the AI build-out is running into the limits of the physical world.
Passing the Puck
August 2026
Volatility Shares files for ETFs tied to NHL team performance via a new CME index — a lighter-hearted test of how far the SEC's appetite for "novel" products will stretch.
AI Meets ESG
July 2026
Corporate governance in the AI era: MSCI's CCC rating on SpaceX's IPO raises questions about voting power, oversight, and shareholder rights.
The Battle for Search Supremacy
July 2026
LLMs are the new search engines. A look at first-mover advantage, moats, and who might not survive the fight.
Growth
June 2026
Growth stocks are wobbling after years of AI-fueled outperformance. Three charts from Apollo show rising tech volatility, a valuation premium for non-earners, and how narrow this year's rally really is.
MANGOS
June 2026
Meta, Anthropic, Nvidia, Google, OpenAI, SpaceX: markets coin a new acronym for AI's dominant players — and wonder if it can last.
Decoupling
June 2026
Markets keep climbing despite war, inflation, and debt. Why the headlines and the tape have stopped moving together.
Canaries
April 2026
A sneaker company rebrands as an AI infrastructure play and its stock soars 600%. What that says about this market.
Integrity
April 2026
Why a credible, well-regulated market is worth more than investors often realize — until it's gone.
Watching the Lights Turn Red
March 2026
Conflict in the Middle East pushes oil and gas higher — a region-by-region look at who's exposed.
Watching the Lights Turn Green
March 2026
Markets shrug off a shocking escalation in the Middle East, closing higher within hours.
What happens after a national mid-life crisis?
September 2025
If the U.S. matures like Europe or Japan, here's what a 50-year portfolio might hold.