At some point, capex growth may begin to compete with companies’ “anti-dilution” measures.

While everyone watched their screens bleed red, smart money was positioning for something that happens every single December. But they weren't buying what you'd expect.

The Fed is losing effectiveness in part due to the fiscal irresponsibility of Congress. $2 trillion and growing budget deficits have made effective monetary policy almost impossible.

De-risking/deleveraging gained momentum this week – at home and abroad.

The market is repricing risk rather than fleeing from it entirely.