Excess Returns

Chip Stocks Look Cheap. AI Spending Is Surging. So Why Is Cameron Dawson Watching for Peak Earnings?

Tech is Selling Off. AI Debt Fears Are Rising. So Why Does a $4B Manager See a Reverse Bubble?

The S&P 500 Is Just 50 Stocks. The Nasdaq Is a 67% AI Bet. Kai Wu on What Else Is Hiding in Your Funds

Dr. Daniel Crosby on Behaviorally Optimal Portfolios, Risk Composure and the Casino Myth

Baird's Tech Strategist Says This Isn't 2000. So Why Is He Warning Against Buying the Dip?

He Asked 25 Finance Pros How They Invest Their Own Money: Brian Portnoy on What the Models Get Wrong

Rob Arnott on the Hidden Costs of Passive Investing and the Real Winners From AI

The AI revolution is driving extreme market concentration in standard indices, creating significant risks for investors who rely on passive, cap-weighted strategies. Market valuations currently reflect a "big market delusion," where capital-intensive AI infrastructure providers are priced for perfection while the broad...

The S&P 500 Is Only 50 Stocks. 70% of the Index Is in a Correction. Did the Sell-Off Already Happen?

We Asked T. Rowe Price's $17B International Manager Why Value is Winning Again — and What the S&P 500 Leaves Out

Tech Is Rolling Over. Yields Are Falling. Why Jim Paulsen is Watching the Walmart Recession Signal

Current stock market performance reflects dangerous levels of complacency, driven by an over-reliance on technology and AI-related growth. While the "Mag Seven" stocks have surged, the broader market remains stagnant, creating a significant bifurcation that leaves the economy vulnerable to restrictive policy forces. Ri...

AI Productivity Is Real. 83% of Stocks Are 10% Off Highs. Why Does Barry Ritholtz Like Bonds Again?

The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses

Katie Stockton Still Sees a Bull Market. So Why Is Her ETF Only 50% in Stocks?

The secular bull market persists despite significant concerns regarding narrow market breadth and the concentration of leadership within mega-cap technology stocks. While the S&P 500 and NASDAQ 100 reach new highs, technical indicators show deterioration in broader segments, creating a challenging environment for diver...

Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big Tech

Small and mid-cap investing offers significant opportunities despite a decade of large-cap dominance, driven by strong expected earnings growth and domestic economic exposure. Navigating this space requires a "two-footed" approach, balancing the positive momentum of the AI build-out against macro-level volatility and v...

Ed Yardeni Still Sees S&P 10,000 by 2029. So Why Is He Getting More Cautious?

The 10-Year Hit a 24-Year High. Nobody Is Buying Puts. Are You Watching the Wrong Market?

They Beat All US Stock Funds Since 2003 | Michael Baron on the AI Winners Investors Miss

The Game Was Rigged in Their Favor. 28% Went Bust Anyway | Kris Abdelmessih on How to Size Bets

We Asked the Data Scientist Who Rebuilt the Jobs Report What the Headline Number Hides

He Lost $157,000 in 3 Minutes | Jack Raines on the Lesson Winning Never Taught Him