Recent Posts
News•Feb 22, 2026
MARKET CALL: A Loopy Stock Market
The equal‑weight S&P 500 has surged to fresh record levels this year, while the market‑weight index remains stuck near 7,000. The divergence reflects a broad rotation from AI‑focused high‑tech stocks to lower‑tech, physical‑asset sectors such as energy, industrials, and materials. Rising AI capital spending is boosting demand for oil, gas, electricity, and capital equipment, while heightened U.S.–Iran tensions have lifted Brent crude and bolstered defense and precious‑metal stocks. Analysts see the trend persisting as investors seek tangible assets amid geopolitical uncertainty.
By Yardeni QuickTakes
News•Feb 18, 2026
The Great Valuation Rotation Of The Roaring 2020s
Since the pandemic, large‑cap stocks have outpaced mid‑ and small‑cap peers, but that dynamic shifted late last year as investors flagged riskier earnings and stretched valuations for the S&P 500. Meanwhile, SMidCap earnings have begun to climb while their valuations...
By Yardeni QuickTakes
News•Feb 15, 2026
DEEP DIVE: 10 Reasons To Remain Optimistic About The US Economy
The Treasury estimates average tax refunds will rise to about $4,000 this year, driven by the retroactive tax cuts of the One Big Beautiful Bill Act. Higher refunds boost disposable income, reigniting consumer spending after a recent flattening. Meanwhile, Baby...
By Yardeni QuickTakes
News•Feb 11, 2026
AI Disrupts Financials. Bad Data Misleads On Economy.
Altruist, a wealth‑management startup, rolled out AI‑driven tax‑planning tools, prompting a sharp sell‑off in legacy financial firms such as Charles Schwab, LPL Financial and Morgan Stanley. The reaction reflects investor anxiety that AI could erode traditional advisory revenue streams. Despite...
By Yardeni QuickTakes
News•Feb 10, 2026
Emerging Markets Continuing To Emerge
The US MSCI index has underperformed global peers in 2025, ending a year of relative strength. Investors are shifting toward high‑growth emerging‑market stocks such as South Korea, Brazil, Mexico, and Taiwan, while Japan rallied 5.7% after a decisive election. The...
By Yardeni QuickTakes
News•Feb 7, 2026
DEEP DIVE: Meet Kevin Warsh
President Donald Trump nominated former Fed governor Kevin Warsh to succeed Jerome Powell as chair in May. Warsh, praised for his professional pedigree and youthful appearance, is expected to secure a smooth Senate confirmation once the president ends his criticism...
By Yardeni QuickTakes
News•Feb 6, 2026
Mini Tech Wreck Or Repeat Of The Big One?
Technology stocks have tumbled sharply, prompting fears of a repeat of the 2000‑2002 tech bust. Analysts argue the current landscape differs, as major hyperscalers—Alphabet, Amazon, Microsoft, and Meta—are slated to spend roughly $650 billion on AI infrastructure by 2026, with the...
By Yardeni QuickTakes
News•Feb 5, 2026
Too Many Bulls Getting Shocked As AI Turns On Humans
Investors Intelligence’s Bull/Bear Ratio climbed to 4.13, signaling an over‑bought market from a contrarian viewpoint. Despite the high sentiment, the S&P 500 broadened, with Communication Services, Consumer Staples, Energy, Industrials and Materials posting record highs. Meanwhile, the S&P 500 Value index appears...
By Yardeni QuickTakes