“Dividends Play No Role Whatsoever in Capital Accumulation…”
Meb Faber argues that dividends no longer drive wealth creation, noting the S&P 500’s dividend yield is slipping toward the 1.1% trough first seen in 2000. In a recent podcast with Michael Mauboussin and Kai Wu, the hosts explore how an economy dominated by intangibles reduces the relevance of cash payouts. They point out that capital appreciation, not dividend income, now accounts for the bulk of total return for U.S. equities. The discussion suggests investors should focus on growth and reinvestment opportunities rather than dividend yields.
Tom Hayes – Bloomberg TV Appearance – 4/23/2026
Tom Hayes, chairman of private‑equity firm Great Hill Capital, appeared on Bloomberg TV on April 23, 2026 to unveil a new $2.5 billion growth fund focused on artificial‑intelligence and climate‑tech companies. He highlighted the fund’s target 12% internal rate of return...
THE SILVER SQUEEZE IS INEVITABLE: The U.S. Imports 77%, China Sets Records, the 6-Year Deficit, & America's Critical Silver Vulnerability...
The United States now imports roughly 77% of the silver it consumes, even after the metal was officially labeled a critical mineral by the USGS. Meanwhile, China set a new record by importing 836 tons of silver in March—a 78% month‑over‑month...
The Overlooked Ways People Leave Money on the Table Every Year
Most people focus on earning more or cutting costs, but overlook financial inefficiencies that silently drain wealth. Small, repeatable opportunities—like reward‑point optimization, idle cash placement, and unnoticed subscription fees—can cumulatively cost hundreds of dollars annually. By designing automated systems and...
CHART: Freeport-McMoRan Stock Craters on Grasberg Ramp-Up Delay – by Frik Els (Mining.com – April 23, 2026)
Freeport‑McMoRan reported Q1 earnings that beat profit estimates thanks to higher copper prices, yet the stock tumbled more than 13%, pushing its market value below $90 billion. Investors focused on the Grasberg mine in Indonesia, where a September mud‑rush halted production....
What’s the Deal with Iran? The Asymmetric Energy Trade Markets Are Missing
The article argues that while the immediate price shock from the Strait of Hormuz disruptions has been absorbed—Brent briefly spiked toward $120—the real trade opportunity lies in a structural asymmetry within energy equities. Two macro scenarios, either prolonged regional tension...
Smart Ways Retirees Can Lower Home and Auto Insurance Costs
Retirees are urged to re‑evaluate home and auto insurance as lifestyle shifts can create savings opportunities. Lower driving mileage, home upgrades, and changes in risk tolerance often make existing policies misaligned with current needs. Adjusting deductibles, bundling policies, or switching...
🎯Take Profit Alert: IREN Cash Secured Put
A trader closed a -2 May 8 $29 cash‑secured put on IREN after capturing 84.58% of the $240 premium, realizing a $203 profit with 15 days left to expiration. The underlying stock moved well above the strike, rendering the put deep...
No, Stocks Are Not a Good Inflation Hedge
A new Reuters analysis argues that U.S. equities fail as an inflation hedge, with real returns slipping sharply once inflation exceeds 3%. The piece notes that recent market rallies, driven by a tentative U.S.-Iran ceasefire and oil prices falling under...
What Next For BRICS In An Upside-Down World
The BRICS bloc, formed two decades ago to give emerging economies a louder voice, has now eclipsed the G7 in share of global GDP measured by purchasing power parity. India’s 2026 BRICS presidency centers on "Building for Resilience, Innovation, Cooperation...
Q1 Results: Nokia´s AI Gambit Is Working
Nokia reported a strong Q1 2026, highlighting its shift to pure‑play AI infrastructure. The company booked €1 billion ($1.1 billion) in hyperscaler optical orders and saw operating profit jump 54% to €281 million ($309 million). Net profit flipped to a €87 million ($96 million) gain on...
40% More Home Sellers Than Buyers (Credit Quality Of Mortgages Deteriorating)
Redfin data show that in March 2026 home sellers outnumbered buyers by 43.1%, a gap that has widened from 28% a year earlier and sits just below the December record of 45.2%. The surplus of sellers reflects a cooling demand...
5-Year TIPS Auction Gets a Real Yield of 1.367%
On Tuesday, the U.S. Treasury auctioned 5‑year Treasury Inflation‑Protected Securities (TIPS) with a real yield of 1.367%, marking a modest increase over the prior auction. The offering attracted robust demand, pulling in roughly $38 billion in bids from both domestic and...
U.S. Coworking Growth Moves Beyond Major Cities in 2026
The U.S. coworking sector added 9,136 locations by the end of Q1 2026, a 3.2% quarterly rise, while total space grew 2.9% to 163.9 million sq ft. Growth is now led by mid‑tier markets such as Philadelphia, Tampa and Cleveland‑Akron, which posted the...
A Self-Imposed Energy Crisis Looms In California
A new study by USC and UC Berkeley warns that California is on the brink of an acute gasoline shortage. The researchers attribute the looming crisis to recent refinery closures, a long‑term decline in in‑state crude production, and a sharp reduction...
Petro to Meet with Delcy
Colombian President Gustavo Petro will meet Venezuelan acting president Delcy Rodríguez in Caracas to discuss border security and the prospect of Colombian gas imports from Venezuela. The talks mark the first high‑level contact since the U.S. military ousted former President...
Silver Daily Call for April 23rd, 2026
Silver prices are sliding within a pronounced downward channel, with the metal struggling to break back above its 50‑day moving average at $78.60. A 4‑hour stochastic divergence hints the downside may be capped, but the overall corrective trend persists. The...
NMHC on Apartments: Market Tightness "Mostly Unchanged" In April Survey
The National Multifamily Housing Council’s April Quarterly Survey shows apartment market conditions remaining largely steady, with all four key indexes hovering near the breakeven threshold of 50. The Market Tightness Index slipped to 49, suggesting marginally looser conditions, while the...
6 Investing Mistakes I'll Never Make Again
The author reflects on six personal investing blunders, from panic‑selling Meta during the 2018 Cambridge Analytica scandal to over‑weighting Alibaba and under‑weighting Palantir. He also highlights the pitfalls of buying thematic AI ETFs without company analysis, speculating on Fed rate...
![Hedge-Fund Meme-Stock Short-Squeeze Queen Avis Budget [CAR] Implodes by 72% in 26 Hours](https://hixhlmpcokxhartfkpyi.supabase.co/storage/v1/render/image/public/images/thumbnails/b638a186b625756cebd28ddc098bddd8.webp?width=1200&resize=contain&quality=75)
Hedge-Fund Meme-Stock Short-Squeeze Queen Avis Budget [CAR] Implodes by 72% in 26 Hours
Avis Budget Group, a traditional car‑rental firm, saw its stock explode 770% from $97 to $847 between early March and April 23, only to tumble 72% in roughly 26 hours, settling around $229. The surge was driven by two hedge...
💡Trade Idea for Thursday, April 23, 2026
A trader proposes selling a put option just below a historically strong support level, aiming to collect premium while the stock remains above that zone. The trade boasts a 74% probability of worthlessness (POW) and a 78% probability of profit...
Best Student Loan Refinance Rates for April 23, 2026: Credible Leads At 3.66%
Student loan refinance rates have remained steady in early 2026, with variable APRs as low as 3.66% and fixed APRs starting at 3.71%. Credible leads the market on variable rates, while Splash offers the lowest fixed rates. Lenders such as...
Why Precious Metals Remain a Smart Financial Choice
Precious metals such as gold, silver, platinum and palladium are being promoted as reliable stores of wealth amid economic uncertainty. Their historical performance shows they can outpace inflation and hold value when equities and bonds falter. The article highlights both...
RIP
Canada’s condo market is in crisis, with 13,726 unsold units in the GTA—enough to meet demand for roughly two and a half years. Prices have slashed about 30%, falling from roughly $569,000 USD in early 2022 to $401,000 USD today,...
Q1 2026 Earnings Conference Call Recaps: United Airlines (UAL)
United Airlines reported Q1 2026 revenue up 10.6% to $14.6 billion and earnings per share of $1.19, while a $340 million fuel headwind reflected jet‑fuel prices that doubled. Management lifted yields about 20% year‑over‑year and trimmed lower‑margin capacity, aiming for full fuel cost...
Lululemon’s 12% Sell-Off
Lululemon’s stock plunged 12% after the board announced former Nike executive Heidi O’Neill as its next CEO. The appointment comes amid a brewing boardroom showdown with founder Chip Wilson, who has launched a rival technical‑apparel platform and is vying for...
Industry Updates: Home Sales Trends, HST Relief, Rental Funding, AGO/ROM Funding
Ontario’s one‑year temporary HST relief eliminates the 13% tax on new homes, offering rebates up to $96,000 USD and sparking a province‑wide "Best Time To Buy" campaign by BILD. Despite the incentive, BILD recorded only 948 GTA new‑home sales in...
TSMC's Margins in Uncharted Territory
Taiwan Semiconductor Manufacturing Co (TSMC) posted a 66.2% gross margin in Q1, the weakest quarterly level on record yet still above the usual seasonal dip. Revenue rose 6.4% sequentially to $35.9 billion, beating its own guidance. The margin gain of 3.9...
Indicator of the Day (Video): Bullish Percent Materials
The article spotlights the Materials Sector Bullish Percent Index (BPMATE), which has shown a volatile swing from January 2024 through April 2026. BPMATE measures the percentage of materials stocks trading above their 200‑day moving average, offering a breadth gauge for the sector....
The S&P 500 Bump That Doesn’t Last Stocks Added to the Index Get a Short-Lived Boost but Often Lag Comparable...
A new study by Sandifer, Smith, and Impink finds that while S&P 500 additions enjoy a short‑term price surge, they underperform comparable non‑index peers over the long run. The research expands beyond the usual days‑or‑weeks window, tracking performance for several...
Rate Hike at the Central Bank of the Philippines
On April 23, 2026, the Bangko Sentral ng Pilipinas lifted its benchmark rate by 25 basis points to 4.50%, its first hike since October 2023. The move reverses a 25‑bp cut made two months earlier, bringing the rate back above the...
Do You Have to Replace Debt in a 1031 Exchange?
Many investors mistakenly think a 1031 exchange requires taking on a new loan equal to the debt paid off on the relinquished property. In reality, the IRS only demands that the replacement property’s total value match or exceed the sold...
Start Thinking Now About Crop Insurance Deferral for the 2026 Harvest
Farmers planting for the 2026 harvest should start planning how a crop‑insurance payout will affect their 2026 tax return. Under IRS Section 451(f), cash‑basis producers can defer part of a 2026 insurance check to 2027, but only if three specific...
Podcast with Morgan Housel on Money in Your 40s and Beyond
Todd Wenning of Flyover Stocks hosted Morgan Housel, author of The Psychology of Money, for a deep‑dive on personal‑finance challenges faced in one’s 40s and beyond. The conversation highlighted the scarcity of guidance tailored to this age group, despite its...
Thermal Coal Update
Thermal coal markets have lost the tailwinds they enjoyed after the Strait of Hormuz blockage, sending both spot prices and related equities sharply lower. Over the past two months, benchmark thermal coal contracts have slipped to roughly $70 per metric...
Tesla's Terafab Dream
Tesla disclosed its ambitious Terafab project, a joint venture with SpaceX and xAI valued at roughly $25 billion. The plan envisions a 2 nm semiconductor fab capable of 1 terawatt of annual compute—about 50 times current global capacity—and an initial research fab at Giga...
How Do You Retire at 55?
A 45‑year‑old earning $300,000 annually has $1 million saved and contributes $130,000 each year, aiming to retire at 55. Using the 4 % rule, a $3.5 million portfolio would cover the current $12,000‑per‑month lifestyle, and a 10‑year projection shows that target is reachable...
Novo Nordisk: Value Trap or Value Investment?
Novo Nordisk, once Europe’s most valuable company, has seen its share price tumble more than 56% from a 52‑week high after a series of setbacks. The obesity drug CagriSema failed to meet its primary endpoint in a Phase 3 trial, prompting...
TMTB Morning Wrap: TXN, Tesla, ServiceNow (NOW), IBM, SK Hynix Takeaways and Bull Vs. Bear Debates; & Research/News
ServiceNow posted a solid Q1 with subscription revenue beating estimates, yet its organic growth and margin outlook disappointed investors, sending the stock down 13%. Texas Instruments reported an 18.6% revenue surge, driven by industrial and data‑center segments, and lifted its...
93.6% AND COUNTING SINCE 2000: The Silent Collapse of Every Major Global Currency Against Gold & Why Sound Money Must...
Since the turn of the millennium, every major fiat currency has shed roughly 93% of its purchasing power when measured against gold, with the U.S. dollar down 93.8%, the euro 92.9%, the pound 94.9%, and the yen 96%. The article...
British International Investment Unveils New Five-Year Strategy
British International Investment (BII) unveiled a five‑year plan to mobilise £15 billion for developing economies, committing up to £8 billion of its own capital and seeking to match each public pound with private funding. The strategy raises its private‑capital crowd‑in target by...
Bearish Setups in Bonds – Gold Follows Bonds – Bitcoin Hits Bearish Setup Zone
The latest market commentary highlights bearish setups across three major asset classes. U.S. Treasury yields are climbing, signaling a downtrend in bonds. Gold is tracking the bond weakness, slipping lower as investors lose confidence in safe‑haven demand. Bitcoin has entered...
Consus Ag Consulting AM Market Brief
Global grain markets opened higher, led by wheat, while corn and soybeans added modest weather premiums. Recent revisions show Russia maintaining its wheat outlook, but Australia’s drought now threatens roughly one‑third of its crop and Argentina has trimmed its forecast....
A Patent Cliff Everyone Sees, and Bonds That May Be Pricing Too Much Fear
Pfizer reported full‑year 2025 revenue of $62.6 billion, a modest 2% decline but a 6% rise when COVID products are excluded. The company’s non‑COVID portfolio, bolstered by Seagen, Biohaven and Metsera assets, generated $10.2 billion and grew about 14% operationally. Leverage sits...
The IPO Buzz: The Elmet Group (ELMT) Upsizes IPO & Prices It at $14 – Top of Range
The Elmet Group (ELMT) upsized its IPO to 8.6 million shares and priced the offering at $14, the top of its $12‑$14 range, raising roughly $120.4 million. The pricing gave the company a market capitalization of about $411.6 million. On its Nasdaq debut,...
Charlie Munger Advice: Top 4 Tips To Become The First Millionaire In Your Family
Charlie Munger outlines a four‑step framework for anyone aiming to become the first millionaire in their family. He stresses self‑improvement as the foundation, then urges aggressive frugality to amass the first $100,000, which unlocks the power of compounding. Once that...
Rethinking the “Right” Time for Social Security
The author, who could have started Social Security at 62, delayed filing until age 67 based on conventional advice, changed course after a close friend received a terminal diagnosis. He and his brother claimed benefits at 64½, noting a break‑even...
Guggenheim Adjusts Amgen Inc. (AMGN) PT to $351, Cites Updated Model Ahead of Earnings
Guggenheim Securities raised its price target for Amgen Inc. (AMGN) from $347 to $351 while keeping a Neutral rating, citing an updated financial model ahead of the company’s Q1 earnings release on April 30. The adjustment comes as Amgen reported...
BofA Flags Investor Caution on The Goldman Sachs Group, Inc. (GS) Despite Solid Quarterly Performance
Bank of America Securities trimmed its price target on Goldman Sachs (GS) to $1,050 from $1,100 while keeping a Buy rating, citing strong first‑quarter results but elevated market expectations. The firm also cut its earnings forecasts for the next several...
American Express Company (AXP) PT Slashed by JPMorgan on Uncertain Macro Outlook
JPMorgan trimmed its price target on American Express (AXP) from $375 to $325, maintaining a Neutral rating as macroeconomic uncertainty rattles the consumer‑finance sector. The downgrade precedes Amex’s first‑quarter earnings and reflects heightened volatility in consumer spending and credit demand....