Financials

Update On AI Derangement Syndrome & Its Consequences

Feb 25, 2026 3 min read paid

Last year's impressive stock market rally, which began on April 9 (when POTUS postponed his Liberation Day tariffs), was fueled by AI Optimism. It turned into AI Fatigue late last year and, in recent weeks, into AI Fear. Now it's AI Derangement Syndrome. For a while, AI was widely thought of as a productivity-enhancing tool. Now the worry is that it has turned into a Terminator

Ed Yardeni

Banking On Banks

Jan 12, 2026 3 min read paid

The stock prices of banks and credit card companies fell today after President Donald Trump announced late Friday that credit card companies would be subject to a 10% cap on the interest rates they can charge customers. The President proposed a one-year cap on interest rates starting January 20. The Trump administration is scrambling to address the affordability crisis before this year's midterm elections. We expect that the

Ed Yardeni

Cockroaches

Oct 17, 2025 3 min read paid

"When you see one cockroach, there are probably more," JPMorgan CEO Jamie Dimon said on the company's earnings conference call earlier this week in relation to the First Brands and Tricolor Holdings fallout. These are two auto-related companies that have recently declared bankruptcy. First Brands, which is in the auto parts business, reportedly is facing a criminal investigation. Tricolor specialized in used car sales and subprime

Ed Yardeni

Sweet Spot For Financials

Oct 7, 2025 3 min read paid

Today, Oracle disclosed that its AI cloud business—particularly server rentals using Nvidia chips—is yielding very slim profit margins. That news weighed on the stock market, especially on technology stocks. Oracle's stock price fell 2.5%. The Magnificent-7 declined 1.1%. Financial stocks also dropped today. They tend to have more leverage and cyclical exposure, so when sentiment sours, they often fall harder than some defensive sectors.

Ed Yardeni

MARKET CALL: The Oracle Of Austin

Sep 14, 2025 3 min read paid

Last Wednesday, Larry Ellison, the executive chairman and chief technology officer of Oracle, saw his net worth jump by $101 billion—the biggest one-day increase ever recorded on the Bloomberg Billionaires Index—to $382 billion. That happened after the company announced at its quarterly earnings conference that Google's Gemini AI models would become available on Oracle's cloud infrastructure. That sent the company's stock soaring

Ed Yardeni

For the Bulls, The Suspense Is Hard to Bear

Aug 15, 2023 2 min read members

The Bond Vigilantes kept the suspense going today. They closed the 10-year Treasury bond yield at 4.22% (chart). It's widely feared that if it rises above 4.25% (i.e., last year's high), the next stop could be 4.50% and even 5.00% if the yield curve disinverts with the long end rising up to meet the short end. The stock market has been

Ed Yardeni

Q2 Earnings Reporting Season Starts With the Big Banks

Jul 11, 2023 2 min read paid

The Q2 earnings season starts off this week with the major banks reporting their results. Based on weekly data provided by the Fed, we know that loans and leases at the large domestic banks rose modestly by 3.0% y/y through the end of June (chart). There's no sign of a credit crunch so far following March's banking crisis, which was quickly contained by the

Ed Yardeni

Bull Market or Rally in a Bear Market?

May 18, 2023 2 min read paid

Our short answer to the question posed in the title: "Bull market." The S&P 500 rose to a new high today of 4198.05 for 2023 taking out the February 2 closing high of 4179.76 (chart). The market has climbed a Wall of Worry thanks to Wall Street's Worriers, who've predicted that the banking and the debt ceiling crises could make

Ed Yardeni

Page 1 of 1