The Bill Is $2 Trillion. Nobody’s Wallet Is That Big.
Every bull case for this market runs through one trade. AI pays off. So let’s look at the ledger. The big five will spend roughly $600 billion on AI infrastructure this year, per their own guidance. Published run-rate estimates put AI revenue at about $60…
ProfitScore Update – May 2025
To the clients and friends of ProfitScore: Are We About to Get Paid Nothing to Own Stocks In our research, we are always trying to identify market risks. I present to you some analysis. The S&P just closed April at an all-time high of 7,209….
ProfitScore Update – April 2026
To the clients and friends of ProfitScore: AI And Portfolio Research? Lessons from the trenches It seems like almost everyone is using AI now to try to improve portfolios. For good reason, you can do a ton of research in the shake of a squirrel’s…
ProfitScore Update – January 2026
To the clients and friends of ProfitScore: The Great Consensus of 2026: When Everyone Agrees, Watch Out Nineteen Wall Street strategists. Zero predicting a down year. Not one. Every year, I aggregate the major banks and research firms’ market forecasts, poring through releases, letters, decoding…
ProfitScore Update – January 2025
To the clients and friends of ProfitScore: 2025 Market Predictions: Betting on Gains? Bracing for Volatility? I’ve always been fascinated by economic and market forecasts—and equally struck by how often they differ. In 2022, I conducted a personal project where I compared 100 predictions regarding…