NFIB

AI Disrupts Financials. Bad Data Misleads On Economy.

Feb 10, 2026 3 min read paid

AI is an extremely disruptive technology. It has already turned on its masters: The software stocks have been pounded by fears that AI will make coders redundant (chart). Now it is turning on the financial industry. The most direct hit today comes from news that Altruist, a wealth management startup, has launched new AI-enabled tax planning features. This has sparked a "sell first, ask questions later" reaction among

Ed Yardeni

On Walmart, Silver & Jobs

Dec 9, 2025 3 min read paid

I. Walmart Goes Nasdaq On Sunday, we wrote, "In effect, our spin is that every company is evolving into a technology company." Today, Walmart transferred its primary listing to the technology-heavy Nasdaq from the New York Stock Exchange, where it has traded since 1972—making it the largest company ever to make that move. Walmart CEO Doug McMillon cited the company's technology progress as the main

Ed Yardeni

Betting On Bullish Hard Data, Not Bearish Soft Data

Jun 10, 2025 2 min read paid

The “soft” economic data releases have been weak, while the “hard” data have been strong in recent months. The former includes surveys of consumers, small business owners, and purchasing managers. We've been betting on the resilience of the economy, as confirmed by the hard data. Stock investors seem to agree with our view. The purchasing managers indexes for both manufacturing (M-PMI) and non-manufacturing (NM-PMI) remained weak through May.

Ed Yardeni

Page 1 of 1

AI Disrupts Financials. Bad Data Misleads On Economy.

On Walmart, Silver & Jobs

Betting On Bullish Hard Data, Not Bearish Soft Data