Q2 Earnings – The Haves and Have-Nots

Today we want to update a theme we’ve been developing in recent weeks: changes in Q2 2018 earnings expectations for US large cap stocks. This is important work for three reasons: …

DataTrek Tech Disruption Survey Results

Thanks to all of you who participated in last week’s DataTrek Tech Disruption survey. We know the questions covered a lot of ground, so we appreciate your powering through and giving …

Amazon, Tesla & Bitcoin: Disruption Case Studies

In our Markets section we outlined Harvard professor Clayton Christensen’s paradigm for understanding Disruptive Innovation. In a nutshell, real disruption comes when: A new entrant, often with a different business model …

Don’t Poke The (Volatility) Bear

The VIX may have climbed to 14.6 today, but it’s still running below this year’s average of 17.2. In fact, before today’s selloff the last 2 VIX closes had a 12-handle, …

Topics at Crypto’s Big NYC Conference

The largest crypto currency conference held in the US kicked off today, Consensus 2018, and by all accounts attendance is excellent. Even though tickets go for about $2,000, press reports from …

2 Ways Homebuilders Can Work

What is the right public market valuation for an economically sensitive company near the peak of a business cycle? That question has bothered me for over 20 years, ever since I …