In the Loop – August 7, 2026
Today’s employment report delivered a meaningful downside surprise, with the U.S. economy losing 23,000 jobs in July versus expectations for a gain of roughly 80,000.
In the Loop – July 31, 2026
The current bull market continues to follow a constructive historical pattern, as markets that reach their fourth year have often extended into a fifth.
In the Loop – July 24, 2026
98 S&P 500 companies have reported 2Q results. Reported Sales growth has been +15.3% and Earnings +36.8% – surprising by +3.0% and +10.9% – putting overall Sales growth on pace
In the Loop – July 10, 2026
History continues to provide a constructive backdrop for the second half of the year. Since World War II, the S&P 500 has advanced in the second half 77% of the time after posting
In the Loop – July 3, 2026
Tomorrow, America celebrates its 250th birthday. As I was thinking about what to write this week, I kept coming back to another milestone that happened in 1776 but doesn't receive
In the Loop – June 26, 2026
This week we have three big themes that we want to cover. The recent swings in artificial intelligence-related stocks, the outlook for Federal Reserve policy, and whether upcoming
In the Loop – June 12, 2026
Investors are understandably excited about the potential public offerings of several high-profile private technology companies, including SpaceX, Anthropic, and OpenAI.
In the Loop – June 5, 2026
Markets pulled back sharply on Friday as stronger-than-expected economic data pushed Treasury yields higher and reduced expectations for near-term Federal Reserve rate cuts.
In the Loop – May 29, 2026
I know in a couple of weeks everyone will want to talk about SpaceX, so for now I’m going to kick the can for another day. I want to give you some brief updates and then discuss
