Moody's Chief Economist Mark Zandi's latest assessment reveals a striking economic reality: roughly half of U.S. states are either in recession or nearing one. But here's what really caught my attention—the remarkable dispersion in GDP growth rates across states.

By: Michael McDonald, PhD

Trumpian tariffs soared, and strong-arm trade deals were signed. These were supposed to rebalance US trade.

By: Richard Baldwin

Another day, another record:

US technology stocks now reflect a record 38% of total US stock market cap.

By: The Kobeissi Letter

Buying stocks on margin has never been higher than it is right now. Over $1.1 trillion in margin debt is supporting stock prices as we speak. This is an indication of massive risk taking in the stock market. Check out the prior peaks listed here so clearly by Wolf Street in the graph:

By: Tommy Esposito

The largest stocks in the S&P 500 have underperformed over the past century — by about 0.8% per year.

By: Alexander Vogt, CFA

Stock market concentration is hitting another record:

By: The Kobeissi Letter

In The Wall Street Journal article, the author argues that China is betting it can win a trade war with the US because the American stock market is the country's Achilles Heel: https://lnkd.in/dkaCjdSS

By: Ryan Lemand, PhD

This chart is insane.

The amount of $ spent in data centers is now almost bigger than what the US spends in office construction.

By: Alfonso Peccatiello

BREAKING: Retail investors bought +$105 billion of US stocks over the last month, the largest monthly purchase on record.

By: The Kobeissi Letter

I often hear people say that the stock market today is not like the dot com bubble of 2000 because today the expensive stocks are large companies with real earnings.

To that I say:

By: Mike Bell, CFA