The S&P 500 finished the day lower by about 34 basis points. The index now appears to be forming a potential reversal 2b top after attempting to break out to a new high.

With strong supply, rate markets are likely to remain volatile for a while.

What can we expect in 2026? Above all, developments that do not correspond to the current consensus.

AI spending is having a meaningful impact on the economy.

Stocks rallied up to new highs, and then fell, badly.

Sector after sector is making two and three standard deviation moves with zero explanation. The S&P looks calm. It's not.

Professional and Business Services jobs are down five months and seven of last eight.

The Dow and S&P 500 touched record highs today before slipping into red territory, with the former closing down 466 points for its worst single-day percentage loss since Nov. 18.