Boy: “Hay una tormenta en camino.” Sarah Connor:  “What did he just say?” Gas Station Attendant: “He said there’s a storm coming in.”  Sarah Connor:  “I know.” –The Terminator, 1984  A different storm. Yes, Artificial Intelligence is increasingly taking over the world.  And while I’m not sure that NVIDIA will have perfected the chips in the next four years to …

James Bond: “I admire your courage, Miss…?”Sylvia Trench: “Trench, Sylvia Trench. I admire your luck, Mr…?”James Bond: “Bond. James Bond.” –Dr. No, 1962 SPECTRE. The U.S. stock market is a relentless winner.  For nearly two decades since the financial crisis, stocks have been repeatedly confronted with all measures of danger and tight spots seemingly impossible to escape.  Whether facing down the …

Heavy is the head that wears the crown. While equity markets have staged a powerful recovery since bottoming in April amid noise around international trade, much of Wall Street is beginning to question whether the rebound has gone too far. Market concentration has reached unprecedented levels: 10% of companies within equity markets now account for 76% of total market capitalization, …