Existing Home Sales Slump (Again) In August, Supply Hits 10 Year High

Two days of negotiations between Israel and Lebanon in Florida has concluded without any meaningful deal. Given how little the last seven deals between the two sides actually accomplished, the fact they weren’t able to come to even a token agreement is really saying something. Compounding the failure of these talks, no date was yet […]

Beta: A Powerful But Faulty Tool For Managing Risk Authored by Michael Lebowitz via RealInvestmentAdvice.com, When investors want to reduce risk, one commonly used tool is beta. For instance, an investor may sell higher-beta stocks and replace them with lower-beta ones to cushion against an expected market decline. Such a strategy is intuitive and widely used; however, it can be greatly flawed. We recently received a question from a client about how we use beta to manage our portfolios. Given recent volatility and declining prices, the timing could not be better to...

Rickards: The Real In AI Is Not 'Super-Intelligence', It's China Authored by James Rickards via The Daily Reckoning, It's past time to look beyond the AI hype. The stock valuations of the leading hyperscalers and frontier AI modeling companies are almost certainly in bubble territory. But the market will sort that out in time. We all know the names of the AI stocks whether from the hardware, software or compute vectors - Apple, Microsoft, Meta, Google (Alphabet), Amazon, OpenAI, Anthropic, NVIDIA and a few others. Some of these names have valuable core businesses...