Blog
Weekly Review, October 9 2023
Fortis Reviews Financial news of the week. Goldman shows how the Magnificent Seven stocks are actually the cheapest they have been relative to the rest of the market. Quick primer on bonds. The pandemic has caused people to prioritize spending on experiences. A look at the earth 250m years from now.
Weekly Review, September 25 2023
Fortis Reviews Financial news of the week. Fed decides not to raise interest. Extensive menu and complex drinks contribute to increasing Starbucks wait times. Rupert Murdoch announces transition to Chairman Emeritus role. Writers Guild of America and Hollywood Studios meet to end strike. Elon Musk discusses potential for Neuralink.
Weekly Review, September 11 2023
Fortis Reviews Financial news of the week. The labor market may be shifting, and power is moving back into employers’ courts. Bernard Arnault has built LVMH into a powerhouse Bernard Arnault. Amidst the AI craze Meta is apparently building a new AI tool to rival ChatGPT-4. Softbank will IPO with a massive $50b valuation which is already massively oversubscribed.
Weekly Review, September 5 2023
Fortis Reviews Financial news of the week. The government of Hong Kong is building affordable housing on a Golf course. The elite of Silicon Valley may be trying to build a city of their own. Men are trying to artificially boost their testosterone levels. Chinese companies are racing to build battery plants fueled by government grants and subsidies. A new study finds nearsightedness (myopia) is on the rise.
Weekly Review, August 28 2023
Fortis Reviews Financial news of the week. Fed Chair Jerome Powell provides update on state of the economy. Goldman Sachs announces sale of wealth management business to Creative Planning. OpenAI announces release of ChatGPT Enterprise. The Chinese government announced a reduction on "stamp duty" related to trades on Chinese securities.
Weekly Review, August 21 2023
Fortis Reviews Financial news of the week. Many investors are trying to figure out the best time to get out of I bonds. Can the AI hype continue to propel NVDA going forward? Wall Street looking to buy up cheaper commercial properties. Early studies are showing that engineering T-cells can help fight lupus.
Weekly Review, August 14, 2023
Fortis Reviews Financial news of the week. Home Depot tops expectations. Investors fled long-term treasuries causing long-term rates to rise. Trump gets his 4th indictment this week, but this one may be different. China continues to face economic headwinds and is making policy moves to shore up the economy.
Weekly Review, August 7, 2023
Fortis Reviews Financial news of the week. Inflation has come down dramatically but the break to 2 percent may be the most challenging. Gas magnate Charif Souki is struggling to retain control of his empire. Arnold Schwarzenegger gets a Netflix series. A posthumous look at TX real estate mogul, Trammell Crow.
Weekly Review, July 31, 2023
Fortis Reviews Financial news of the week. Elon Musk concerned about US consumption of electricity. Despite the economic slowdown, construction pay is booming because there are so few workers. Read an interesting profile of Larry Gagosian, the art dealer who “sells things that aren’t for sale.” Instruction for how to apply for Biden’s new income-based repayment plan.
Weekly Review, July 24, 2023
Fortis Reviews Financial news of the week. Banks are battling to get high spending consumers by adding on extra amenities. Washington’s oil sanctions on Russia have created unintended consequences. Elon rebrands Twitter as “X.” The market cap weighted Nasdaq just got rebalanced.
Weekly Review, July 17, 2023
Fortis Reviews Financial news of the week. Disney board renews Iger for another 3 years. Hilco is a fascinating company that you rarely hear about. Amazon prime day pumping. The markets might be betting on a Fed orchestrated soft landing. How BuC-ees went from a simple gas station to a Texas staple.
Weekly Review, July 10, 2023
Fortis Reviews Financial news of the week. Fortis acquires Erickson Wealth Management. TSA adding facial recognition tech to your travel experience. Interesting data on when we hit or mental and physical peak. Paul Graham talks about how we do great work.
Weekly Review, July 3, 2023
Fortis Reviews Financial news of the week. China promises to cut net carbon emissions. The US consumer will be affected by restart of student loans. SEC says existing Bitcoin ETFs don’t meet full regulatory requirements. The promise of AI may be great, but for now, it helps with menial work. Supreme Court rules that Student Loans will stand.
Weekly Review, June 26, 2023
Fortis Reviews Financial news of the week. Uber’s CEO does a deep dive his progress plan. Questions linger regarding Putin’s grip on power. Greed is picking up as call option buyers hit highs. The restart of student loans looms large on consumer spending. Meta creates a VR.
Weekly Review, June 19, 2023
Fortis Reviews Financial news of the week. The Fed is highly likely continue rate hikes. A titanic failure likely to be repeated. The Senate finally is discussing measures to recover executive pay in the event of bank failures. Mortgage listings decline as rates remain high. Washington state now outranks California in gas prices.
Weekly Review, June 12, 2023
Fortis Reviews Financial news of the week. Chairman Powell finds himself in a tough spot with deteriorating indicators looming. Top strategists disagree whether we are in a bull or bear market. George Soros has handed over control of his $25B empire to his son Alex. Did China setup an eavesdropping base in Cuba? BofA thinks AMZN is currently undervalued.
Weekly Review, June 5, 2023
Fortis Reviews Financial news of the week. As the Yen tumbles, Japanese goods are more affordable than ever. Yennier Cano is finally making a splash in the MLB with some tweaks to his mechanics. President of Nvidia shares stories about the near extinction of his company. Small-scale nuclear reactors may be the solution to reducing carbon emissions.
Weekly Review, May 29, 2023
Fortis Reviews Financial news of the week.. An interesting look into how banks can increase the FDIC insurance. The US and China are likely to remain at odds but the severity of that is what really matters. If you want to make people angry, collude on baby formula. Higher travel prices this summer to reflect the inflation. The tipping backlash has begun.
Weekly Review, May 22, 2023
Fortis Reviews Financial news of the week. Eyes on DC as the debt ceiling looms. Morgan Stanley CEO announces that he will step down in the next year. Pershing Square Capital Management and Third Point Management reveal new positions in GOOG. Fed governors debate interest rate decision. Elon Musk gives in depth interview with CNBC during Tesla annual shareholder meeting.
Weekly Review, May 15, 2023
Fortis Reviews Financial news of the week. Druckenmiller discusses the macro landscape. Amazon announces plans to build ChatGPT-style AI product. McCarthy warns debt ceiling talks are far from over. Is the economic slowdown finally starting to take its toll on retailers? Fed speakers are out on circuit giving mixed messages.