One of my favorite economists, Frederic Bastiat. Written in the 1800's just as applicable today: . "Between a good and a bad economist, this constitutes the whole difference—the one takes account of the visible effect; the other takes account both of the effects which are seen.

EARNINGS UPDATE: 401/500 companies in the S&P 500 have reported for Q2 (78.6% of market cap). 80.8% have surprised to the upside. Earnings so far are +9.8% from a year ago. Overall, consensus was estimating only +2.8% YOY at start. Revenues are +6.2% YOY vs. 4.0% estimate at.

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This sounds like a Babylon bee headline!

So far in 2025, stablecoins have been used in 1.1 billion transactions— nearly matching the 1.25 billion recorded in all of 2024, and we’re only seven months in. Tether (USDT) accounts for about 78% of this activity, with USD Coin (USDC) making up the remaining 22%; all other

Margin debt has surged by 18.5% over the past two months sparking concern that something bigger may be brewing. It ranks as the fifth largest two-month increase on record, signaling a sharp rise in risk appetite across both retail and institutional investors. But does this

What about world assets?.

The Magnificent 7 soared to a new all-time high today, eclipsing its previous peak from 159 days ago. Even more exciting, four of the seven companies are set to release earnings later this week.

RT @JvShah124: 4. Automated Smart Hospital Systems. Inside a high-tech Chinese hospital, robotic tracks on ceilings deliver medications and….

Do the rich pay their fair share??.

The 2017 Tax Cuts and Jobs Act (TCJA), often called “the Trump tax cuts,” reduced tax rates, widened tax brackets, increased the standard deduction, and expanded the child tax credit. But did these changes.primarily benefit the wealthy? . Not exactly. In fact, the TCJA lowered

In 2023, only 27% of stocks outperformed the S&P 500 Index, making it the narrowest market since at least 1995. The trend continued in 2024, with just 28% of stocks beating the index—marking the second narrowest year in nearly three decades. Such extreme concentration hasn’t

The S&P 500 Index posted a total return of 6.2% in the first half of 2025, but earnings expectations haven’t kept pace. As a result, the Index’s price-to-earnings (P/E) ratio based on 2025 estimates has climbed from 22.3 at the start of the year to 24.6 by June 25.

The “Magnificent 7” — Apple, NVIDIA, Microsoft, Amazon, Tesla, Alphabet, and Meta — currently make up a hefty 31.5% of the S&P 500 Index. Yet in the first half of 2025, they contributed just 14.5% of the Index’s 6.2% total return. Three of the seven declined: Tesla dropped

It’s been a turbulent but ultimately rewarding first half for the stock market. In this week’s edition of Three on Thursday, we spotlight the S&P 500 Index (“Index”)—one of the most trusted gauges of U.S. equity performance. The Index, which tracks 500 of the largest publicly.

America’s 3.5-Second Miracle. In 1852, Karl Marx said "Men make their own history, but they do not make it as they please; they do not make it under circumstances chosen by themselves, but under circumstances directly encountered and transmitted from the past.". He obviously knew

RT @Varneyco: Brian Wesbury on Trump going after Powell: “Powell started this fight.”

Not in California! Back to $6 to $7 a gallon in no time

RT @wesbury: Whenever politicians talk about “spending cuts” what they mean is “we will be spending more, just less than we were originally….

The White House wants to cut $9.4B from a $7T budget. Imagine buying a Ferrari, then patting yourself on the back for skipping the air freshener.

Things have changed quite dramatically in 2025. In 2024, NVIDA was the #1 performer in the S&P 500 index. YTD through May, it ranks #260 with only a 0.6% gain, behind the overall index's 1.0% gain. YTD, four Mag 7 lag the Market. $SPY $SPX $QQQ $VIX #SP500 #SPX500

The S&P 500 index total return YTD is +1.0%. The Mag 7 have made up all of that decline! . Here are the contributions to the +1.0% total return YTD: .NVDA: +0.11 .MSFT: +0.67 .AAPL: -1.57 .META: +0.27.AMZN: -0.25 .GOOG: -0.36 .TSLA: -0.30.