I originally intended to spend most of this week's blog dissecting Nvidia's reported involvement in financing a massive OpenAI data center project and some of the ramifications of what appears to be a new level of complexity in the buildout. The deeper I dug into the story, however,
Last week started out promising before one of our "summer themes" took over after the close on Wednesday night. Those themes are – the AI buildout is getting more expensive, inflation is becoming more structural, the new Fed Chair appears serious about inflation, and despite all of that, earnings growth and
Most of us don't think of ourselves as greedy or materialistic. We're just living normal lives in a fast-paced world. We buy things we enjoy, sign up for activities that seem good, and say yes to opportunities that feel responsible or necessary. But every so often, it'
Last week I laid out the main talking points I have been using on advisor calls: the AI buildout is getting more expensive, the new Fed Chair appears serious about inflation, inflation itself is showing signs of becoming more structural, and despite all of that, earnings growth and the economy
The latest edition to SEM's Investment Management team, George Moore (introduced below), asked me earlier last week if I needed him to find some charts or data for the blog article I was writing. I told him my process varies based on the markets, my week, and sometimes my
