Four Investment Themes for 2026

Four Investment Themes for 2026

Let me get to the punchline of my view on the financial markets for 2026. The remarkable equity bull run of the past couple of years is unlikely to stall, at least not in the first half of 2026. Corrections are inevitable, and we are indeed likely in an asset bubble....
We’re Fighting on Three Fronts

We’re Fighting on Three Fronts

America is fighting a war on three fronts. The first is primarily external; a conflict waged against known foreign adversaries based outside our borders. The second front is against the domestic enemies of our nation, actors actively working as a fifth column within...
DeepSeek or Deepfake? What to Make of China’s AI Initiative

DeepSeek or Deepfake? What to Make of China’s AI Initiative

Only time will tell whether the threat is real During the nineteenth century, the industrial revolution was facilitated by a new form of technology: railroads. By 1890, an estimated $10 billion ($347 billion in today’s value) had been raised for the industry in public...