Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty Images Good morning! Here's the latest in trending:Social problems: A Los Angeles jury found Meta (META) and Google (GOOGL) liable in a landmark case on social media addiction.Seeking a suitor: JetBlue (JBLU) flies high on a report that it's evaluating plans to sell itself to a rival airline.Energy crisis: Iran drafts a bill to charge Strait of Hormuz transit fees as the White H ...

Software recently has come under pressure, but John Higgins at Capital Economics believes there's more at play. ...

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. Just like the contestants on a famous reality television competition’s 50th season, exchange-traded funds are duking it out to become a Survivor.  Nearly 1,000 active ETFs entered the market last year, and Brown Brothers Harriman reported this month that 94% of the investors it recently polled said they believe the active ETF market will hit $10 trillion in assets within 10 years, which is ...

Core Insights - The article discusses the performance of active managers during bear markets, indicating that while losses are inevitable, active managers tend to underperform the market even more significantly [1] Group 1 - Active managers generally experience greater losses compared to the market during bear markets [1] - The article suggests that the majority of active managers fail to outperform their benchmarks in challenging market conditions [1] - Historical data indicates that many active funds struggle to deliver positive returns when the market declines [1]

I think when we look at the bubble question on AI, what a lot of people don't realize in bubbles is through all technologies, they think that they are betting on the technology when they buy the stocks in the companies. That's not true. Okay.There's a giant difference between the behavior of the companies and the behavior of the technologies. And that the norm is in these is that a lot of companies won't survive in the start yet very small percentage and they'll all fight and so on but the technologies will ...

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. Can we change the subject? Some 83% of Americans say they’re comfortable talking about money with at least one person. However, most remain silent when it comes to admitting financial struggles to the people closest to them, which can ultimately lead to plenty of relationship strains, according to a new report from the CFP Board. “Too many Americans are carrying financial stress alone,” K. ...

Core Viewpoint - The individual investor adopts a contrarian investment style, focusing on stocks that have recently experienced sell-offs due to non-recurrent events, particularly when insiders are buying shares at lower prices [1] Group 1: Investment Strategy - The investment portfolio is split approximately 50%-50% between shares and call options, indicating a balanced approach to risk and return [1] - The investor's timeframe for holding positions typically ranges from 3 to 24 months, suggesting a medium-term investment horizon [1] - Fundamental analysis is employed to assess the health of companies, including their leverage and financial ratios compared to sector and industry averages [1] Group 2: Stock Selection Criteria - The investor screens thousands of stocks, primarily in the US, looking for those that have undergone recent sell-offs [1] - A key criterion for stock selection is insider buying at the new lower price, which may indicate confidence in the company's future [1] - Professional background checks are conducted on insiders who purchase shares post-sell-off to ensure credibility and alignment with shareholder interests [1] Group 3: Technical Analysis - Technical analysis is utilized to optimize entry and exit points, with a focus on support and resistance levels on weekly charts [1] - Multicolor lines are used for visualizing support and resistance, along with trend lines to identify potential price movements [1]

Nvidia (NASDAQ:NVDA) just reported $68.1 billion in quarterly revenue, up 73% year over year, and the stock barely moved. Reddit sentiment has fallen 17 points over the past 30 days. That gap between the numbers and the mood is worth understanding. The composite sentiment score, blending Reddit activity, news coverage, and prediction market signals, has dropped sharply over the same period. For a company trading at $1`85 share price with $215.9 billion revenue year behind it, that anxiety says something. ...

Core Insights - Fidelity has launched two new lines of model portfolios that include alternative investments such as private equity, private credit, and private real estate, catering to the demand from advisors for simpler ways to integrate private assets into client portfolios [2][3] Group 1: Market Trends - Interest in private markets has surged over the past year, although recent issues in private credit may be affecting this growth [3] - Nearly half of advisors are looking for straightforward methods to incorporate private assets into their clients' portfolios, according to survey data [3][4] Group 2: Product Details - Fidelity's model portfolios feature five risk profiles ranging from conservative to aggressive, with specific allocations to private funds [6] - The private funds included are the Cliffwater Corporate Lending Fund, StepStone Private Equity Strategies Fund, and Clarion Partners Real Estate Income Fund, with varying allocations based on risk levels [6] - The model portfolios are available through Envestnet, with plans to expand to other platforms later this year, and have a minimum investment requirement of $100,000 [6] Group 3: Competitive Landscape - There are limited private-asset ETFs available, and those that exist provide minimal exposure due to liquidity constraints [5] - Fidelity's model portfolios do not utilize certain existing ETFs that include private market assets, indicating a preference for interval and tender-offer funds for private market exposure [5]

Core Viewpoint - The narrative around AI has shifted from "AI Bubble" to "AI Disruption" and "HALO," indicating a transition from systemic bubble pricing to structural differentiation pricing in the market [1][2]. Group 1: Market Transition - The core logic of the initial phase of AI narrative was driven by computing power expansion and AI capital expenditure, characterized by a highly concentrated structure dominated by Mega Cap companies in the US [3][8]. - As of 2026, the market is reassessing which entities will benefit from resource bottlenecks, which will face substitution risks, and which possess survival certainty, leading to a differentiation into Winners, Survivors, and Losers [3][8]. Group 2: Winners, Survivors, and Losers - Within the US market, before the outbreak of the US-Iran conflict in 2026, sectors such as AI infrastructure, energy, and semiconductor equipment are expected to strengthen, becoming Winners; while software assets with high substitution risks are under pressure, becoming Losers [3][8]. - On a country level, driven by a surge in demand for storage chips, the South Korean stock market is expected to outperform other major markets, becoming a Winner; the European market is viewed as a phase Survivor (HALO) due to its industry structure; while the Indian market, characterized by labor-intensive services and outsourcing, has recently lagged, becoming a phase Loser [3][8]. Group 3: HALO Concept - HALO represents a one-time survival premium revaluation for low substitution risk assets, emerging after Losers have been priced in; it is not equivalent to structural winners [4][9]. - The HALO trade is seen as a reflection of phase-style rotation rather than a new long-term growth paradigm; true assets with sustained excess return potential should be closely tied to key nodes in the AI expansion path and resource bottlenecks or technological upgrades [4][9].