Executive Summary Futures markets were in a tailspin early Monday due to Chinese AI tool called DeepSeek. Many investors have flocked to AI computing related companies, sending their shares soaring. As of this writing, AI company equities are tumbling as much as 17% on the day. Below [...]

Executive Summary Last week’s missive discussed the affordability of housing. Look at the first graph, one can see it requires a $115,000 household income to afford a median priced home. During the pandemic, the CARES Act provided relief to those struggling to pay their mortgage. Now with [...]

Executive Summary The median after-tax household income is about $70,000, while the median sales price of houses is $420,000. When including a 20% downpayment, estimated taxes and insurance of $6,400, a 30-year mortgage at 7% would come to a total payment of about $2,768 per month. This [...]

Executive Summary Overvaluation in the stock market has reached such extremes even a Federal Reserve Bank governor, Lisa Cook, uncharacteristically mentioned it in her quote included below. I have also included data below to give substance to the proclamation. Forward earnings per share projections are often overly [...]