Spencer Jakab

1 week ago | wsj.com | Spencer Jakab

🔎 This is an online version of Spencer's Markets A.M. newsletter. Get investing insights in your inbox each weekday by signing up here—it’s free. 📧An odd thing happened to financial markets when Israel bombed Iranian nuclear sites last week. For the most part, the moves were what you would have expected: Stocks fell worldwide and U.S. benchmark crude jumped 7.3% Friday, wrapping up its biggest weekly gain since the Oct. 7 massacre in 2023.

2 weeks ago | wsj.com | Spencer Jakab

🔎 This is an online version of Spencer's Markets A.M. newsletter. Get investing insights in your inbox each weekday by signing up here—it’s free. 📧“Transitory” has practically become a dirty word in Washington. In January 2024, then-Treasury Secretary Janet Yellen said she regretted describing the worst inflation in 40 years that way. “Passing,” “temporary,” “fleeting” and “ephemeral” are probably off the table too.

2 weeks ago | wsj.com | Spencer Jakab

🔎 This is an online version of Spencer's Markets A.M. newsletter. Get investing insights in your inbox each weekday by signing up here—it’s free. 📧Washington’s Greek Revival buildings like the U.S. Treasury and Capitol are meant to evoke the cradle of democracy. Similarities to the modern Greece, which came close to defaulting for a sixth time during the European debt crisis, are scarce. But media headlines about bond auctions this spring and about that nation's woes have odd echoes:

2 weeks ago | wsj.com | Spencer Jakab

🔎 This is an online version of Spencer's Markets A.M. newsletter. Get investing insights in your inbox each weekday by signing up here—it’s free. 📧Stocks are priced according to the value of their future cash flows and the collective wisdom of millions of investors. And if you believe that, I have a bridge to sell you. For the latest example of wacky price activity, look at the shares of Robinhood Markets and AppLovin. Both fell by as much as 8.4% yesterday on no corporate news.

2 weeks ago | wsj.com | Spencer Jakab

For two days last week Nvidia regained its spot as the world’s most valuable company. As of Friday’s close, Microsoft was back on top and Apple, long-time holder of the crown, was worth a measly $3 trillion—a distant third.