Goldman Sachs with an update on my HALO thesis - the trade of the year www.marketwatch.com/story/why-th... via @marketwatch.com

The leveraged ETF craze is literally changing the stock market's structure. $200 billion allocated to 700 funds, with a notional value of $500. The assets are 13:1 leveraged long vs short. It's mostly exposure to tech. This explains the intraday whipsaw activity in names like Micron and Sandisk.

Chart via Goldman Sachs - the period from the end of 2022 until now has been an absolute standout for US stocks. This is a hundred years of data. The message: Don’t become accustomed to this. We’re in rarified air.

This is an absolute show-stopper of a chart from Dr. David Kelly at JPM, it shows the complete and utter disconnect between consumer sentiment and the stock market. We have never before seen such a disconnect between how people are feeling and how they're actually doing.

On March 5th 2025, the leading American egg suppliers were informed of a DoJ investigation into price fixing and told to preserve documents. Miraculously, prices peaked and began to fall at exactly the same time. Amazing how that happens. Probably a coincidence.

Anytime you order a smoothie it’s like it’s the first time they’ve ever made one. Like literally how do I plug this blender in.

Everyone hates data centers - except the unions representing construction workers and tradesmen, who absolutely love them. It's almost as if people make their decisions about things based on some combination of superstition and / or self-interest.

The bull is back. Happy 250th from Brian Belski and your friends at The Compound 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 YouTube: youtu.be/1oYLoGVNYws?... Spotify: youtu.be/1oYLoGVNYws?... Apple: podcasts.apple.com/us/podcast/t...

Please respect our privacy at this time. Also, the wedding will be held at Madison Square Garden on the Fourth of July, sponsored by Tostitos.

The earnings growth we're seeing is loaded with asterisks - nobody should expect 15% margins to be some sort of new normal. That's the word from WSJ's @spencerjakab.bsky.social who made a surprise visit on an all new What Are Your Thoughts? Watch or listen now! www.youtube.com/watch?v=09nK...

Humanoid robots will be everywhere in a few years according to Andrew Kang, founder of RoboStrategy. Goldman Sachs is saying 250,000 shipped by 2030. We're talking about how to invest in them, who's leading the race to build them and what it means for the labor force www.youtube.com/watch?v=1Tgw...

It’s enough already with the soccer.

The European mind cannot comprehend the vastness and splendor of the Kansas City suburbs www.wsj.com/us-news/euro...

This is the story of how Travelers was able to emphatically state that its surprise earnings growth was specifically a result of the company's use of AI in the underwriting process. This is the next wave to come in the 2nd half of 2026. Read all about it: www.downtownjoshbrown.com/p/reasons-to...

The boys are back in town - huge thanks to Ryan Detrick and Sonu Varghese for stopping by The Compound - fresh new episode with two of my favorite guys in the business. Audio: podcasts.thecompoundnews.com/show/TCAF/to... YouTube: www.youtube.com/watch?v=F8rD...

Most invincible career path in the age of AI Why colleges owe a fiduciary responsibility to students Crypto winter and more! BRAND NEW with Ric Edelman youtu.be/UnSygxcYzwo?...

RIP the Maestro www.nbcnews.com/news/obituar...

Trade of the year... Equal-weight tech blowing the doors off the hyperscaler stocks. These are the companies selling what the data center builders are buying. Shows no sign of slowing down. www.downtownjoshbrown.com/p/new-world-...

The World You Knew is Never Coming Back Michael Zezas is the Deputy Global Head of Research for Morgan Stanley and he's on today's new episode of The Compound and Friends. YouTube: www.youtube.com/watch?v=6OMt... Apple / Spotify: podcasts.thecompoundnews.com/show/TCAF/th...

The way I learned it, fundamentals tell you what to buy but technicals tell you when.

It's an unconditional surrender. Now, here are the list of conditions...

We're going live and I have a lot to say. 5pm ET, clear your schedule, give the kids an iPad. www.youtube.com/watch?v=fdLB...

Jalen Brunson just opened the Strait of Hormuz

The capital loss cycle is coming back and it’s worth understanding the need to prepare for it. Insights from PIMCO chief investment officer Dan Ivascyn on a very special edition of The Compound and Friends - brand new, up now! youtu.be/p8qCzkIqIhY?...

150,000 tech layoffs year to date and 40,000 last month alone. Every company is saying "AI" but the tech industry itself is saying that's just a get out of jail free card for CEOs. I think the truth is somewhere in the middle. finance.yahoo.com/sectors/tech...

Elon Musk is worth $1.3 trillion. He makes $1 million per minute. His net worth is now larger than the bottom 46% of the earth's population, roughly 3.8 billion people. As John D. Rockefeller became the world's first billionaire, the backlash led to the creation of a federal income tax in 1913.

New York City won an NBA championship AND launched the largest IPO of all time this week. Either we're so back or we never left. Depends on who you talk to. Plus! Why investors scanning the headlines for the next knockout punch are gravely mistaken www.downtownjoshbrown.com/p/the-knocko...

I have a sneaking suspicion many of these young men having fistfights outside of basketball arenas aren't putting enough away in their 401(k)s or similar qualified non-taxable retirement accounts.

Goldman Sachs calls you with this offer… SpaceX, Anthropic or OpenAI pre-IPO. Who you taking?

The AI sell-off, Anthropic vs OpenAI IPO filings, Apple launches Agentic Siri www.youtube.com/watch?v=zhj8...

Last chance for the SpaceX Series Z round, $600 minimum investment, ten-year lockup. Available exclusively through your life insurance agent and participating Dairy Queen stores near you.

A 6 standard deviation event just happened in tech stocks and everyone wants to know what happens next! So I talked to Nick and Jessica, now UP on the channel! YouTube: www.youtube.com/watch?v=ymc4... Podcast: podcasts.thecompoundnews.com/show/TCAF/ni...

this morning they announced the addition of Marvell Technology (AI) and Flex LTD (more AI) to the S&P 500. Being removed to make room: Pool Corp (literally swimming pools) and Campbell's (salt water in metal cans). Sign o' the times.

Apple is expected to announce Agentic Siri after years of delays tomorrow from their WWDC event. Imagine Siri drafting emails for you, popping up in camera mode to read nutrition labels and being available across many of your most widely used apps. finance.yahoo.com/news/apple-w...

This week we brought on economists Neil Dutta and Skanda Amarnath to clear away the cobwebs of busted economic indicators and go deep into what's actually happening in the AI capex-driven economic boom. YouTube: www.youtube.com/watch?v=swPQ... Podcast: podcasts.thecompoundnews.com/show/TCAF/ne...

Why is everyone so willing to sell you stock and give you "access" all of a sudden? my new one is up at the site now: www.downtownjoshbrown.com/p/the-beginn...

The $75 billion SpaceX wants to raise by coming public next week sounds like a lot until you realize Anthropic raised $60 billion privately this week without anyone hearing a thing about it and OpenAI raised $122 billion in Q1. Does anyone doubt there's an easy $75 B's out there for Elon? Come on.

The Boroughs is great. Alfred Molina is superb.

Widows Bay start it?

The stars were OUT for the Porterhouse strategy launch party in New York City! See how many of your favorite finance rock stars you can recognize. If you know them all, you're a true market player 🤩 Thanks to all our friends and clients for being there! www.youtube.com/watch?v=qXES...

Just ate a lasagna and took a nap.

Jan van Eck is one of my favorite people I've met on Wall Street. A history buff who never stops thinking about the future - a rare combination of financial success, bookish worldliness and technological curiosity. YouTube: youtu.be/y7JBe_WuCnQ Podcast: podcasts.thecompoundnews.com/show/TCAF/me...

It's not a bubble, it's a wave. If you don't know the difference, allow me to explain. Michael and I are LIVE at 5pm ET, come rock with us in the chat www.youtube.com/watch?v=K1Qr...

The drug guy in the friend group is also always the movie guy in the friend group.

We're witnessing stock market history and are surrounded by unsustainable trends everywhere we look. My new post today takes a look at some absolutely breathtaking charts and the investor logic behind them. have a great weekend! www.downtownjoshbrown.com/p/unsustaina...

Nasdaq Euphoria Hits Its Limit We are UP with Kai Wu and Ben Carlson Youtube: www.youtube.com/watch?v=n889... Podcast: podcasts.thecompoundnews.com/show/TCAF/na...

is this the worst stock in the world?

are these stocks going to zero?

12 Rules for Riding a Bubble + the inside story of the launch of Porterhouse and why I wanted to bring order to the chaotic portfolios we've seen www.downtownjoshbrown.com/p/why-we-lau...