Mega-IPOs Creating A New Playbook For ETFs
Mega-IPOs like SpaceX are causing changes in the ETF market. Providers are creating different types of ETFs tied to the IPOs, often before the IPO even happens.
Market News
U.K., Italian, Japanese Fighter Jet Venture Wins $6.14 Billion Contract
U.K.'s BAE Systems, Italy's Leonardo and Japan's Mitsubishi Heavy Industries secured a contract funded by the three nations to develop a new stealth fighter jet.
Trump Hits Out at ‘Hostile' Fed but Warsh Gets Breathing Room on Interest Rates
President Trump indicated he understands Federal Reserve Chairman Kevin Warsh is unlikely to push for lower interest rates in the short term.
What Happened in Fuel Markets When Trump Lifted the Century-Old Jones Act
California drivers, Gulf Coast refiners and Puerto Ricans have benefited from temporary suspension of the act.
AI infrastructure stocks have overtaken big tech hyperscalers in an ‘extraordinary' shift, says UBS research arm
A research team at UBS sees value creation in the artificial intelligence infrastructure sector soaring 600% in the space of four years, compared with just 100% for “hyperscalers”
The Week The AI Trade Broke, And Why The Data Says 'Rotation,' Not 'Recession'
For two days, the market did the thing that makes people panic. The entire semiconductor complex - the group that had led everything - fell 10-14%.
Equity Outlook: AI Enthusiasm Leaves Little Margin For Error
Global equities rebounded in Q2 on AI optimism, but markets now price in near-flawless AI execution, leaving little margin for error. Hyperscalers like AMZN, MSFT, GOOGL, META, and ORCL are set to spend $1 trillion on AI by 2027, but free cash flow is forecast to turn negative next year.
Is there an earnings bubble? AI boom fuels debate over US stock valuations
As US stocks continue to trade near record highs, investors are once again debating whether markets have entered bubble territory. Elevated valuations and persistent geopolitical tensions have fueled concerns that equities may have become disconnected from fundamentals.
U.K.-Italian-Japanese Fighter Jet Venture Wins $6.14 Billion Contract
U.K.'s BAE Systems, Italy's Leonardo and Japan Aircraft Industrial Enhancement Co. secured a contract valued to develop a new stealth fighter jet.
July Market Digest
The AI investment cycle continued to drive the economy forward in June, with first quarter GDP growth recently revised upward and corporate profits growing at an exceptional pace. U.S. large-cap equities ended June only slightly in the red, as a strong final week pared back a sharper decline earlier in the month.
Fed bets decline after June jobs report misses forecasts
US interest rate expectations shifted lower after a weaker-than-expected US jobs report for June prompted investors to reassess the Federal Reserve's policy outlook. The US economy added 57,000 nonfarm payrolls in June, below expectations, with prior months also revised lower.
A looming AI disappointment and rising yields. Why one research firm is hitting the brakes on U.S. stocks.
Technology stocks are currently calling the shots for U.S. equities, but investors are likely facing a big test in the next 6 to 12 months, according to investment strategy firm MacroResearchBoard.
Fed Resumes Quantitative Tightening In Warsh's First Move
Federal Reserve Chairman Kevin Warsh has resumed Quantitative Tightening, reflecting his preference for a smaller Fed balance sheet. The June FOMC Implementation Note subtly shifted language, effectively halting Reserve Management Purchases unless deemed necessary.
U.S. stocks have delivered 8.7% a year since independence was declared in 1776
What 250 years of independence have meant for America's investors.
Gulf oil exports jump in June on record UAE flows
Gulf oil exports in June jumped more than 3 million barrels from May to exceed 10 million barrels per day as the U.S. military helped to keep oil flowing through the Strait of Hormuz, data showed, though exports remained 40% below pre-war levels.
June Jobs Report: Focus On The Trend, Not The Noise
The latest labor market report looks good on the surface but adds to confused macroeconomic trends. The unemployment rate is buoyed, but by a reduced labor force, as was seen in April.
Week Ahead for FX, Bonds: Fed Minutes in Focus
The minutes to the Federal Reserve's latest meeting are likely to be the highlight as investors look for further clues on whether and when interest rates could rise.
A Tale Of Two Cities
The S&P 500 has climbed +9.6% this year and recently reached another all-time high - the "best of times." There are plenty of reasons why this multi-year bull market continues to march higher.
Lindsay: Survived Through Q3 But No Growth Catalysts
Lindsay Corporation maintains a Hold rating as growth catalysts remain limited and macro headwinds persist. LNN's Q3 saw EPS beat by $0.32, but revenue declined 5.1% YoY, with operating margins compressed to 11.5%. Cost-cutting and share buybacks support capital efficiency, but weak irrigation demand and macro pressures constrain near-term upside.
Drugmaker Ipsen Sees More Deals Coming to Continue Buying Spree
The drugmaker sees gaps in its portfolio and has the financial means to fill them, its chief business officer said, signaling more deals are to come after this week's pair of acquisitions.
