Good afternoon – I hope everyone had a wonderful Thanksgiving celebration. This time of year always reminds us to pause, reflect, and carry that sense of gratitude forward. See below for our LT Weekly Lite version, which includes our curated list of headlines that we thought were the most important in the sector this week (download the PDF for a version with live links). The full LT Weekly will return next week! Read More
Nvidia’s FQ3 turned into a sell the news event and led to a massive intra-day swing in the major indices on Thursday as investors continue to debate the AI bubble narrative. Per FactSet, Goldman Sachs noted the S&P 500 closing negative after gapping up more than +1.4% at the open has only happened two other times: 7-Apr-20 (after Covid crash) and 8-Apr-25 (following Liberation Day crash). Bitcoin’s free fall was also a main focus this week as well. Read More
It felt a little bit like a seesaw this week in the markets, but the major indices closed relatively flat (Nasdaq falling -0.5% and the S&P 500 closing up +0.1%). Treasuries were weaker across the curve, with yields up 5-6 bp. The 43-day government shutdown finally ended with a stopgap bill through January 30, and while it had limited market impact, attention is now shifting back to the return of official economic data......... Read More
