There’s a $9 trillion elephant lurking over Wall Street’s shoulder and its name is Big Tech. Apple, Microsoft, Alphabet, Amazon and Facebook now account for 22% of the S&P 500, double where we normally expect the top stocks in the market to weigh in. When

We’ve talked a lot about earnings lately for a simple reason. When the market starts drifting into a realm of rumor and supposition, concrete numbers provide an anchor of material fact for the noise to swirl around. That’s especially true now, as earnings season gears

As we shift from a nervous week into what could become an earnings cycle filled with tantrums, I find myself buckling in for a historically frustrating season on Wall Street. After all, investors are clearly reaching for any excuse to sell stocks that a few

Trillion-dollar giants like Apple, Amazon and Microsoft are still good companies as the early post-pandemic recovery recedes in the rear view . . . but with so much of the Fed’s money sloshing around Wall Street, are they good enough to keep the entire market

You can make decent money on Wall Street by sticking to consensus logic, the trades that just about everyone agrees make sense. But the trades you remember are the ones that fly in the face of popular opinion. I’m talking about the contrarian postures where

A lot of investors are going into the scariest time of the year with a paradoxical attitude. In their world, bad news has become good news . . . because they can’t imagine anything better. Take today, for example. It turns out that restaurants, hotels