Wall Street Gurus Should Be Ashamed

NEW YORK – SEPTEMBER 16: A Wall St. sign next to the New York Stock Exchange (NYSE) September 16, … [+] 2008 in New York City. U.S. stocks continued to drop Tuesday morning for the second consecutive day, following yesterday’s Dow Jones Industrial Average plunge of 4.4% or 504 points, being the worst single day…

It’s An AI Market

Same store sales continue to disappoint. (Photo by Scott Olson/Getty Images) Getty Images Key Takeaways Nvidia Surges Tesla Makes Inroads In EV Charging Stronger Than Expected Economic Data Debt Ceiling Deal Near? The S&P 500 was up just under 1% and the Nasdaq Composite gained 1.7%, but that was hardly the story on Thursday. Chip…

More Proof: Deflation Is The Future

Future Y/Y Rates of CPI Inflation at Constant Monthly Rates of Change Universal Value Advisors Consumer Prices The Consumer Price Index (CPI) rose +0.4% in April (4.95% Y/Y). Core services (ex-housing), an important sub-index for the Fed, came in a little hot at +0.4% M/M (vs. +0.3% in March). In our view, this alone isn’t…