The situation in the Middle East seems hopelessly messed up and the price of oil looks likely to remain very high.
The impact of the AI revolution is generating anxieties about human employment.
Government debt (both Federal and local) continues to be out of control.
Interest rates remain prohibitively high.
I DON'T GET IT.
Link: https://www.marketwatch.com/investing/index/djia/charts
There is a case to be made for continued gains. US household wealth is at a peak and looking for a home. We are still very early in the AI revolution. The Trump admin's pro-business moves to deregulate are a tailwind. The Iran situation will end, hopefully soon. The global climate grift is unwinding. All of these things are supportive of higher stock prices.
Trump believes in his art of dealing but this battle is EXISTENTIAL for the Mullahs.
They don't deal they just tease and run away.
They are also willing to sacrifice every last soul in their country before they will give up their sacred mission.
Link: https://www.msn.com/en-us/news/world/iran-signals-mass-sacrifice-in-high-stakes-saddam-era-warning-amid-trump-deal-talks/ar-AA242wCP?ocid=entnewsntp&pc=U531&cvid=6a15b428b5cc4ea2ab3950fb3492701e&cvpid=7d60167fc71c4fd7f2ac042f9c48b34e&ei=21
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The wealthiest 10% of U.S. households own approximately 87% to 93% of all publicly traded stocks and mutual fund shares.
And like Lance said, where else would you put your money right now.
They won't let the government destroy their wealth, so bet the way they are betting.
Inflation is coming. Inflation won't affect the rich, who can always borrow on assets which go up in "value" in terms of USD as the USD inflates, and then make debt payments with inflated dollars.
I'm not talking about normal inflation. I'm talking about inflation engineered to allow the US to make national debt payments with inflated dollars...a way of effectively defaulting without technically defaulting.
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Link: https://www.axios.com/2026/05/26/inflation-debt-oil-bonds
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...at least, that is what our resident Democrats would have you believe.
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The S&P 500 had a record-setting Q1 2026 earnings season, delivering an estimated earnings growth rate of 28.4%. The market moves with earnings.
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