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Daily Update

Credit Spreads Are Widening: Omen Or No Bother?

Credit Spreads Are Widening: Omen Or No Bother?

By Michael Lebowitz and Lance Roberts | Mar 5, 2026 | Daily Market Commentary
Increasing corporate credit spreads, or a growing divergence between corporate bond yields and similar-maturity Treasury yields, can be an omen of stock market weakness. Recent troubl...
Middle East Military Conflicts And Stocks

Middle East Military Conflicts And Stocks

By Michael Lebowitz and Lance Roberts | Mar 4, 2026 | Daily Market Commentary
The question for investors is how the Iranian conflict will affect the stock market. The markets’ initial reaction on Sunday was concern as the S&P 500 fell by over 1%, crude oi...
The Financial Sector Is Under Pressure

The Financial Sector Is Under Pressure

By Michael Lebowitz and Lance Roberts | Mar 3, 2026 | Daily Market Commentary
The heatmap below, courtesy of FinViz, shows the one-month performance of the S&P 500 financial sector stocks. As shown, Berkshire Hathaway and the insurance companies are higher...
MFS Collapses Adding To Private Credit Woes

MFS Collapses Adding To Private Credit Woes

By Michael Lebowitz and Lance Roberts | Mar 2, 2026 | Daily Market Commentary
In our February 3rd Commentary, we d...
Nvidia Delivers Perfection But Market Has Concerns

Nvidia Delivers Perfection But Market Has Concerns

By Michael Lebowitz and Lance Roberts | Feb 27, 2026 | Daily Market Commentary
Yet again, Nvidia delivers another incredible earnings report, reinforcing that the AI investment boom continues. As we show below, they posted annual revenue growth of of 73%, handil...
Hindenburg Alarm: Another Rotation Or Worse?

Hindenburg Alarm: Another Rotation Or Worse?

By Michael Lebowitz and Lance Roberts | Feb 26, 2026 | Daily Market Commentary
In early November, we sounded the alarm about a recent Hindenburg Omen. Per the
Homesellers Dwarf Homebuyers: Home Prices At Risk

Homesellers Dwarf Homebuyers: Home Prices At Risk

By Michael Lebowitz and Lance Roberts | Feb 25, 2026 | Daily Market Commentary
The housing market is experiencing a widening imbalance between homesellers and homebuyers, with listings rising faster than demand. This is contrary to the post-pandemic period of ex...
Our Take On Tariffs – RIA

Our Take On Tariffs – RIA

By Michael Lebowitz and Lance Roberts | Feb 24, 2026 | Daily Market Commentary
To address the many emails we received, we present our take on the Supreme Court’s tariff ruling. First, President Trump has multiple ways he can implement trade restrict...
Mag 7 Debt & Declining Free Cash Flow: Worrisome Or Not?

Mag 7 Debt & Declining Free Cash Flow: Worrisome Or Not?

By Michael Lebowitz and Lance Roberts | Feb 23, 2026 | Daily Market Commentary
We have read a few articles expressing concern that the free cash flow for many of the Magnificent (Mag) 7 companies that are heavily involved in AI development and/or data center con...
4 Percent Inflation: The Case For And Against

4 Percent Inflation: The Case For And Against

By Michael Lebowitz and Lance Roberts | Feb 20, 2026 | Daily Market Commentary
In a recent white paper, The Risk Of Higher US Inf...