Daily Recap: July 22, 2026

Defensive sector leadership offset weakness in growth and small caps as rates pushed higher and credit stayed steady.

Daily Recap: July 21, 2026

Tech and semis drove a strong cap-weighted advance while breadth and credit stayed more measured.

Daily Recap: July 20, 2026

Megacaps held in well enough to mask a weaker underlying session as breadth, equal weight, and small caps lagged.

Daily Recap: July 17, 2026

Risk assets ended the week on the back foot as tech lagged, breadth softened, and credit widened modestly despite a small Treasury rally.

Daily Recap: July 16, 2026

Good economy, bad AI tape.

Daily Recap: July 14, 2026

CPI down, equities up.

Daily Recap: July 13, 2026

Ouch. Everything is red.

Daily Recap: July 10, 2026

The market looks healthy. Timid but healthy.

Week in Review

The Fed hold's rates

Stocks sell-off

AI Is a Bubble Only If You Refuse to Define AI

“AI bubble” has become a lazy phrase for a complicated market.

Michael Burry is wrong about AI and Nvidia

Even legends get it wrong sometimes

If You Think AI Demand Is Booming, Wait Until Your Girlfriend Starts Sending Outfit Pics

A mirror selfie used to cost nothing. Now it’s driving GPU demand.

Cumberland Is Selling the Core Business for More Than Its Market Cap

The asset sale will leave shareholders with cash and a retained ifetroban pipeline with positive Phase II results

Fannie Mae: a 10x opportunity?

Bill Ackman and Michael Burry think so