Investments
Charts of the Week: July 27-31
Thanks for reading this week’s Charts of the Week This week’s charts cover the latest Fed meeting, inflation, AI-related CapEx, consumer confidence, and why some returns just aren’t making a ton of sense. We’ll keep publishing Charts of the Week every Monday. To view this week’s Charts of the Week, click here: Charts of the Week: …
Carson Research
August 3, 2026
Technology Earnings Review
Investors digested earnings reports from some of the largest tech companies in the past two weeks. The all-important capital expenditure guidance moved higher for this cohort, reflecting perhaps both ambitious spending desires and tangible profits. Microsoft and Amazon detailed some of the early payoffs they’re seeing, though Alphabet and Meta investors felt a bit queasy. …
Blake Anderson
August 3, 2026
Are You Not Entertained?
“Are you not entertained?” Maximus Decimus Meridius (Russell Crowe) in Gladiator (2000) after he quickly disposes of all of his opponents in the arena Are we having fun yet? Let’s just start with the KOSPI in South Korea. It had outright crashed to the tune of 44%, until Friday, when it soared a record 17%! …
Ryan Detrick
July 31, 2026
The Fed’s Going to Let It Run Hot (Until They Don’t)
Federal Reserve (Fed) Governor Chris Waller recently said that sternly staring at inflation until it melts before our withering gaze is not an option. Yet that appears to be exactly what the Fed plans to do. The Fed kept rates unchanged at its July meeting in a 9-3 vote, with three dissents showing the committee …
Sonu Varghese
July 30, 2026
Course Management and Investing
If you know me, you know I’ve gotten deep into golf over the past couple of years. Probably deeper than my handicap justifies. However, playing golf allowed something to click that I hadn’t expected to think about on a golf course related to the investment universe. I spend my working hours looking at market data. …
Harry McDonald
July 29, 2026
Welcome to the Chip Crash (FvF Ep. 198)
In this episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist at Carson Group, and Sonu Varghese, Chief Macro Strategist at Carson Group, dig into Apple reclaiming its title as the world’s largest company by market cap after sitting out the AI spending race, while hyperscalers like Google, Amazon, and Microsoft pour ever-larger sums …
Ryan Detrick
July 29, 2026
Earnings Check-In: Alphabet…
Welcome to Carson Investment Research’s Earnings Check-In for the week ending July 24, 2026. This series is built weekly from FactSet’s Earnings Insight report (John Butters, VP, Senior Earnings Analyst with FactSet), with index weights and market caps sourced from YCharts, and aggregation performed in-house. We tie every figure to FactSet’s published numbers, then add …
Harry McDonald
July 28, 2026
Charts of the Week: July 20-24
Thanks for reading this week’s Charts of the Week This week’s charts cover the recent Oil spike, the Fed’s rate decision, sector dispersion, and how the banking sector is doing just fine right now. We’ll keep publishing Charts of the Week every Monday (even though today is Tuesday!) To view this week’s Charts of the …
Carson Research
July 28, 2026
If The Fed Can’t Print Oil or Chips, Why Are We Talking About Rate Hikes
The Federal Reserve’s next meeting is this week (July 27-29th), and the level of uncertainty around what they may do is the highest we’ve seen in recent years, especially this close to a meeting. The probability of a rate increase is 37% (as priced by the futures market), which is as good as a coin …
Sonu Varghese
July 28, 2026
Non-Earners Have Led Small Caps
In my opinion one of the most important factors in assessing an investment’s performance, especially an active manager’s, is understanding the market environment in which the performance came from. Knowing what sectors, industries, styles, and segments of the market capitalization spectrum performed strongly or poorly relative to the broad markets is the first step in …
Carson Research
July 27, 2026
ROCs & SOCs – The AI CapEx Debate
As technology earnings season approaches, investors face historic dispersion in returns. The receivers of capital (“ROCs”) of this hyperscale-led capital spending boom are vastly outperforming the spenders of capital (“SOCs”). In my opinion, this widening dispersion could bring about a narrative change within this debate. Positive Correlation ROCs and SOCs can live harmoniously. For the …
Blake Anderson
July 24, 2026
Valuations Are High – Should You Sell?
I write about valuations quite a bit (born and raised in Buffett’s backyard after all), but outside of our industry it is rare that valuations are mentioned at a market or index level. Typically, when valuations do come up, it is for the wrong reasons – because they are high. We are seeing more and …
Grant Engelbart
July 23, 2026