60% of S&P 500 stocks are now trading below their 100-day moving average, the worst market breadth since March

Bear markets pale in comparison to bull markets, both in market movement and duration. A good reminder for every long-term investor

The government manufactures inflation, which is essentially stealing your money. To preserve purchasing power, own bonds. To stay ahead of inflation and make actual progress, own stocks.

Historically, peak spending accompanied a crisis, like a World War. Now, we do it even when times are relatively good

"US consumers have collectively spent about $107 billion more on gasoline and diesel during the Iran war than they would have had there been no war ... far more than the projected $69 billion Americans are spending in 2026 on nursery, elementary, and secondary schools." – WSJ