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Discover why the S&P 500 rally relies on solid earnings over euphoria, per Josh Brown and Nick Colas. Explore 3 paths forward.
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Much of what we know about the stock market comes from a mix of theory and empirical evidence. For example, the idea that earnings drive stock prices is supported by the view that a business’s value is tied to how
The article suggests that while the Vanguard S&P 500 ETF (VOO) is the world's largest ETF, large-cap stocks are currently overvalued with a Shiller P/E ratio near all-time highs. The author recommends considering the MarketDesk Focused US Momentum ETF (FMTM) as an alternative, which uses a quantitative strategy to identify 30-50 stocks with strong momentum. Despite its limited track record since July 2025, FMTM returned 29% over the past year and outperformed VOO during Q1 2026.
Five years ago, on October 14, I launched TKer, the newsletter that tells the story of how the stock market usually goes up. That first year was highlighted by a bear market as the Federal Reserve went to war against
Michael Burry warns that the current market resembles the 2000 dot-com bubble, with AI stocks replacing internet stocks as the concentrated winners. Using 40 years of market breadth data, he notes that 55% of stocks are 20% below their 10-year highs while the market reaches all-time highs—a pattern only seen during the dot-com era. The article recommends diversifying away from concentrated AI holdings into beaten-down blue chips and bonds rather than attempting to time a potential crash.
While QQQ has delivered exceptional 10-year returns of 20.5% by tracking tech-heavy Nasdaq-100 stocks, the author argues VTI (Vanguard Total Stock Market ETF) is a better long-term investment. Vanguard research suggests AI's ultimate winners may be smaller companies and value stocks that benefit from AI productivity gains rather than today's tech giants building AI infrastructure. VTI's broader diversification across 3,519 stocks positions it better to capture gains from overlooked sectors over the next 20-30 years.
The Schwab U.S. Dividend Equity ETF (SCHD) combines dividend yield, dividend growth, and balance sheet quality screening to create a high-quality dividend portfolio. With a 3.1% yield and consistent annual distribution increases since 2011, it offers both current income and long-term growth, making it suitable for investors at various life stages.