Chevron Corp announced a 4.0% dividend per share hike to $7.12 annually on Jan. 30, slightly lower than my expectation of a 5% hike to $7.18. Chevron stock has risen 20% since mid-December. It could be fully valued, as it has reached my price target.

Markets are volatile, valuations are shifting, and wide-moat companies are back in focus. In this video, we discuss our top stock picks.

The cryptocurrency market appears to be crashing as we speak, with major losses seen across the board. Cryptocurrency had been on a downtrend since early December. On the last day of January, the situation worsened dramatically.

In spite of the strong market return, consumer sentiment remains at a low level, maybe due to the fact not all consumers enjoy the direct benefit of a rising stock market. However, when sentiment is lower, stock market returns tend to be strong.

Silver is down 30%. Gold is down 10%. Bitcoin has dropped nearly 20% in days. We are witnessing a historic "Domino Effect" of de-risking.

The SPX has been unable to make much progress into higher price levels for a couple of months. It seems ready for a price consolidation, which means it is likely time to be a bit cautious towards stock prices in the longer-term.

The price action in metals on Friday was one for the record books. Silver plunged by more than 26% and was down over 30% intraday. Gold was not much better. The metal often described as a safe haven or store of value fell by roughly 9%.

The SPX has been unable to make much progress into higher price levels for a couple of months. It seems ready for a price consolidation, which means it is likely time to be a bit cautious towards stock prices in the longer-term.

Silver is down 30%. Gold is down 10%. Bitcoin has dropped nearly 20% in days. We are witnessing a historic "Domino Effect" of de-risking—and this video warns that the S&P 500 and Nasdaq are the next pillars to fall.

Stocks retreated on Friday as Big Tech remained under pressure, with the Dow and Nasdaq shedding triple digits and marking a third-straight weekly loss.

Expectations for economic data releases coming up in the first half of February.

Stocks have been stuck in a compressing trading range for the past several months.

The slowing of the economy (as measured by domestic final sales) and the increase in the contemporaneous tariff rate have roughly equal coefficients.

There has been much discussion, both here and around the world, of the possibility of a flight from the dollar. This has always been a serious risk since Donald Trump took office.

An illustrated guide to things that should make you uneasy.

We discuss why the modern discussion of the division of labor is distorted by bad theory and political incentives.

Verizon issued strong Q4 results and strong guidance for 2026. We continue to recommend investment in the telecom giant for income.

For years, equity markets have leaned on the “Fed Put” – the belief that the central bank would reliably inject liquidity at the first sign of trouble. Warsh, however, is a vocal critic of the Fed’s tendency to “pamper” markets.

2026 will be a bullish year, but not as rich as last one or the one before.

With one exception, the trends in December continued in January. Headline business conditions continued to indicate contraction, but at a decelerating rate.