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Powell Testifies On Monetary Policy To Congress

Powell Testifies On Monetary Policy To Congress

By Michael Lebowitz and Lance Roberts | Jun 25, 2025 | Daily Market Commentary
Fed Chair Jerome Powell presented his quarterly testimony to the House yesterday and will testify to the Senate today. The market reaction was minimal as much of his speech was a rep...
Strait Of Hormuz Closure: Why It Hurts Iran Too

Strait Of Hormuz Closure: Why It Hurts Iran Too

By Michael Lebowitz and Lance Roberts | Jun 24, 2025 | Daily Market Commentary
Closing the Strait of Hormuz would have severe implications for global trade, most importantly oil. As the graphic below, courtesy of the EIA, shows, about 14 million barrels of oil...
Behind The Meter Solutions: The Gas Powering AI

Behind The Meter Solutions: The Gas Powering AI

By Michael Lebowitz and Lance Roberts | Jun 23, 2025 | Daily Market Commentary
As the building of AI and cloud data centers expands rapidly, the demand for energy to power these data centers grows. The problem, however, is that the existing power grid can’t k...
Fed Left Rates Unchanged Amid Elevated Uncertainty

Fed Left Rates Unchanged Amid Elevated Uncertainty

By Michael Lebowitz and Lance Roberts | Jun 20, 2025 | Daily Market Commentary
The Fed left rates and the pace of QT unchanged as expected in Wednesday’s meeting. Powell’s opening statement was updated to reflect that uncertainty about the economic outlook...
The Tech Bubble Analogy For Nvidia Falls Short

The Tech Bubble Analogy For Nvidia Falls Short

By Michael Lebowitz and Lance Roberts | Jun 18, 2025 | Daily Market Commentary
One of the most common parallels for AI stocks’ booming performance is the tech bubble of the 1990s. Both periods were and are being driven by transformative secular developments....
Robotaxi Race: Tesla is Behind the Curve

Robotaxi Race: Tesla is Behind the Curve

By Michael Lebowitz and Lance Roberts | Jun 17, 2025 | Daily Market Commentary
Tesla’s robotaxi service, tentatively set to launch June 22, 2025, lags behind Waymo’s established operations, which deliver 250,000 weekly rides across multiple U.S. cities. Elo...
Israel And Iran: Is This Time Different For Oil Prices?

Israel And Iran: Is This Time Different For Oil Prices?

By Michael Lebowitz and Lance Roberts | Jun 16, 2025 | Daily Market Commentary
Crude oil prices spiked by over $10 on the initial news that Israel was bombing Iran’s nuclear facilities and targeting its key military leaders. The price surge should be expected...
Initial And Continuing Jobless Claims On The Rise

Initial And Continuing Jobless Claims On The Rise

By Michael Lebowitz and Lance Roberts | Jun 13, 2025 | Daily Market Commentary
Initial and continuing jobless claims are as close to a real-time proxy on employment as we have. Thus, while they do not hold the same importance to the markets as the monthly BLS d...
Inflation Remains Tame Despite Tariffs

Inflation Remains Tame Despite Tariffs

By Michael Lebowitz and Lance Roberts | Jun 12, 2025 | Daily Market Commentary
The May CPI report released yesterday was considered the first inflation gauge to show how tariffs are impacting prices. We would like to see a few more months of inflation reports b...
The Google AI Buildout In Plain English

The Google AI Buildout In Plain English

By Michael Lebowitz and Lance Roberts | Jun 11, 2025 | Daily Market Commentary
On May 20th, Google CEO Sundar Pichai updated the public on the company’s progress on its AI development as follows: