Tech stocks are under pressure as investors question whether the AI trade still has room to run, even after Micron delivered blockbuster earnings and confirmed strong demand for memory chips.

Mike Armstrong and Marc Fandetti break down why Micron’s results show that AI infrastructure demand remains intense, why hardware suppliers may be poor leading indicators for the future of the AI boom, and how past technology bubbles offer a warning for investors. They also discuss why OpenAI may be delaying its IPO, what SpaceX’s volatile public debut says about investor appetite for high-growth companies, why control of the Strait of Hormuz remains a major oil-market risk, and how Massachusetts voters could face another debate over cannabis legalization.

The AI boom is still driving massive spending and strong earnings across the tech supply chain, but the industry now faces a growing challenge: convincing workers, communities, and consumers that the technology will help more than it hurts.

Mike Armstrong and Paul Lane break down why AI companies are funding new efforts to study the technology’s impact on the labor market, why the public may be more focused on job losses and data centers than productivity gains, and how tech companies may need to rethink their messaging. They also discuss Gen Z’s financial outlook, whether inflation and COVID shaped younger workers’ attitudes toward risk, why annuities remain a tough sell inside 401(k)s, how future Social Security reforms could affect retirement planning, and why passive income promises on social media often come with more work and risk than advertised.

The latest inflation data came in exactly as expected, but that does not make it good news for the Federal Reserve or consumers still dealing with prices rising faster than the Fed’s target.

Mike Armstrong and Paul Lane break down why core inflation remains too high, why Apple’s price hikes on Macs and iPads show how AI demand is starting to hit consumer electronics, and how memory chip shortages could keep pressure on prices into 2027. They also discuss Micron’s blockbuster earnings, why the AI supply chain is still seeing enormous demand, how higher costs for chips, electricity, and data centers could ripple through the broader economy, and why gas prices usually take longer to fall than oil prices after a major shock.

Oil prices are dropping below $70 a barrel as more tankers exit the Strait of Hormuz, but the longer-term risk premium around Middle East energy flows may not disappear as quickly as crude prices have fallen.

Chuck Zodda and Marc Fandetti break down why oil and gas prices are easing, why tanker costs and insurance risks may stay elevated after the Hormuz disruption, and what still needs to happen for energy markets to fully normalize. They also discuss why one hedge fund manager’s private credit short is not a trade most investors can copy, how AI data centers are forcing a bigger debate over electricity supply and grid investment, why Social Security’s funding problem remains politically difficult, and how Meta’s latest prediction market push and Wendy’s meme-stock surge reflect America’s growing appetite for speculation.

Semiconductor stocks have become one of the biggest drivers of the market, but the violent moves in memory chip names are raising new questions about whether the AI trade is starting to look stretched.

Chuck Zodda and Marc Fandetti break down why parabolic moves in chip stocks can create risk for the broader market, how semiconductor companies have historically struggled to sustain profit margins through full cycles, and why comparisons to earlier bubbles may matter even if the rally can keep going. They also discuss Alan Greenspan’s legacy at the Federal Reserve, how the Fed’s approach to regulation and communication shaped later policy debates, why SpaceX is adding debt after its IPO, and what lower oil prices and shifting Treasury yields could mean for mortgage rates and housing.

Inflation remains the central problem for the Federal Reserve, even as falling gas prices may give consumers some near-term relief and pull headline inflation lower in the months ahead.

Mike Armstrong and Marc Fandetti break down why core inflation is still running too hot, why wages failing to keep pace with prices creates pressure for households, and how the Fed is trying to separate temporary oil shocks from longer-lasting inflation trends. They also discuss the latest sell-off in AI and chip stocks, why rising AI costs could pressure companies throughout the technology supply chain, how the 4% rule can still serve as a retirement planning starting point, why Americans may not change their gasoline habits after the Iran war, and why nuclear power and self-driving technology are both getting renewed attention.

Global markets are selling off as investors reassess the AI trade, with chip stocks, space-related names, and other high-growth companies facing renewed pressure after a powerful run higher.

Mike Armstrong and Marc Fandetti break down why daily market moves are hard to explain, how stretched valuations are raising the stakes for AI investors, and why the boom could play out very differently depending on whether the technology delivers enough earnings growth to justify the spending. They also discuss SpaceX’s volatile first week of trading, why its role in space and national defense makes the company difficult to value, how Kevin Warsh is changing the Federal Reserve’s communication style, and what homebuyers should understand about adjustable-rate mortgages, mortgage buydowns, and the debate over rent control in Massachusetts.

Markets are struggling to find direction as investors watch renewed uncertainty around the Strait of Hormuz, falling oil prices, and another wave of volatility in high-profile stocks like SpaceX.

Mike Armstrong and Paul Lane break down the latest developments in U.S.-Iran talks, why tanker traffic through the Strait of Hormuz remains critical for oil and gas prices, and why energy markets remain so difficult to predict. They also discuss why economic anxiety is spreading even among higher-income Americans, what rising homeownership costs say about the housing shortage, how data centers are becoming the face of the AI backlash, why prediction markets may be facing a regulatory reckoning, and why some younger Americans say dating has become too expensive.

Oil prices are falling as the U.S. and Iran continue talks, but the Strait of Hormuz remains the key pressure point for energy markets, gas prices, and the broader economy.

Mike Armstrong and Paul Lane break down the latest signs of tanker traffic returning through the Strait of Hormuz, why Iran has a strong economic incentive to keep oil moving, and why energy markets remain difficult to predict even as crude prices fall. They also discuss the legacy of former Fed Chair Alan Greenspan, the risks facing a highly concentrated stock market, why the AI spending boom could become a warning sign for investors, Satya Nadella’s comments about AI giants, and how rising memory chip costs are starting to push up prices for consumer technology.