One of the growing trends in the US equity market since around 2016 is an increased concentration in the top components in equity indexes, namely the Big Tech firms like Apple, Amazon, Facebook, and Google. As you can see in the chart below, the weight of the top 10 S&P 500 components increased from… Continue reading Weakening Market Breadth: A Tale of Two Stock Markets
St. Thérèse’s Eucharistic Poem – Dr. Kwasniewski
One of the most beloved and powerful of modern saints, St. Thérèse of the Child Jesus and of the Holy Face, is a wonderfully attractive model of a Catholic fully engaged in the liturgy without having to be a liturgical minister. She tells us why her contribution, though different from the priest’s, is no less… Continue reading St. Thérèse’s Eucharistic Poem – Dr. Kwasniewski
The Algorithm That Lets Particle Physicists Count Higher Than Two
Thomas Gehrmann remembers the deluge of mathematical expressions that came cascading down his computer screen one day 20 years ago. He was trying to calculate the odds that three jets of elementary particles would erupt from two particles smashing together. It was the type of bread-and-butter calculation physicists often do to check whether their theories… Continue reading The Algorithm That Lets Particle Physicists Count Higher Than Two
On Veterans Day, There Are Still Thousands of Homeless Vets in L.A. We Followed 26 to Find Out Why
When the encampment dubbed Veterans Row was emptied last week, dozens of tents, tarps, and flags disappeared from San Vicente Boulevard. But moving 40 or so people onto the West Los Angeles Veterans Affairs campus is a minimal step forward: An estimated 3,900 veterans live unhoused in Los Angeles. That number, which has remained essentially… Continue reading On Veterans Day, There Are Still Thousands of Homeless Vets in L.A. We Followed 26 to Find Out Why
A Screaming Dislocation – “We Must Raise Cash” On Any Rally From Here
Excerpted from Larry McDonald’s Bear Traps Report, A Colossal Rotation Has Begun… Into Value As we can see below, Value has been out-performing Growth for more than 16 months on an equal-weight basis. It is the highest compliment when the Street picks up on an investment thesis months after we started to walk down this… Continue reading A Screaming Dislocation – “We Must Raise Cash” On Any Rally From Here
Why Are Corporate Executives Selling So Much Stock?
Insiders at public companies are selling stock at the highest rate in recorded history amid near-record high valuations and the S&P 500 at all-time highs. But, should we be concerned? After all, most insiders are rewarded shares by their employer and sell them to buy a boat or a Corvette. They’re employees, not stock… Continue reading Why Are Corporate Executives Selling So Much Stock?
Who is in the Manger?
‘Twas a few days before Christmas and all through the house, not a creature was stirring, except me. Rising early, I slipped downstairs to steal some time in solitude and silence before the others awoke and my attention and energy would be entirely appropriated by my visiting nieces. I wanted to sit for just awhile… Continue reading Who is in the Manger?
Dozens of Shipwreck Discoveries Anticipated in New Marine Sanctuary
Gray blotches poke up from the murky depths of Lake Michigan in an image on maritime archaeologist Tamara Thomsen’s computer screen. These are the remains of the SS Wisconsin, an steel-hulled steamer that sank in 1929 off Kenosha, Wis., after a storm engulfed the vessel during a routine passage between Chicago and Milwaukee. The shipwreck… Continue reading Dozens of Shipwreck Discoveries Anticipated in New Marine Sanctuary
Supporting America’s Veterans: RAND Weekly Recap
In this Veterans Day edition of the weekly recap, we discuss how to help veterans experiencing homelessness; better care for veterans with “invisible wounds”; data showing that veterans need more support when transitioning into civilian jobs; and a Q&A with two RAND researchers who have served. An encampment of tents with American flags in Los… Continue reading Supporting America’s Veterans: RAND Weekly Recap
China To Tighten Regulations On FinTech Brokers
Futu Holdings Ltd and UP Fintech Holding Ltd plunged premarket Friday after a Reuters report said Chinese regulators are preparing to crack down on the digital brokerage companies. Reuters said the brokerages would likely be notified of a platform ban, blocking mainland China customers from investing in foreign markets in “the coming months.” Regulators are worried about… Continue reading China To Tighten Regulations On FinTech Brokers