Thursday, April 16, 2026

Corporate Profits versus Geopolitical Risks

When the market reacts positively to bad news, we should pay attention
https://www.telegraph.co.uk/business/2026/04/15/market-reacts-positively-bad-news-we-should-pay-attention/
Were it not for the oil shock, we would be celebrating a continuing surge in profits.
 
Wall Street Is Spending Its Big Windfall on Wall Street
https://www.wsj.com/finance/banking/wall-street-is-spending-its-big-windfall-on-wall-street-55de0545
Banks are investing excess capital in expanding their Wall Street businesses.