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1. The “Buffett indicator” has nearly doubled since the 2022 bear market low and is now ~40 percentage points above the 2000 Dot-Com Bubble.

This indicator, also known as Market Cap to GDP, has gained prominence as a long-term valuation indicator for stocks, largely due to Warren Buffett's endorsement. In a Fortune Magazine interview back in 2001, Buffett referred to it as "probably the best single measure of where valuations stand at any given moment."

2. European exporters’ earnings will stay under pressure from tariffs and the strong euro, says UBS strategist.

But the 2026 outlook is looking better and he sees “upside risks” to his 590 estimate for the close of next year. “We think earnings revisions will continue to pressure these stocks despite ongoing better performance from other sectors like banks, telecoms, utilities and some industrials.” “Later in the year, we think the negative revisions may abate. A recovery from low positioning and cheap valuations will then release this drag on the Stoxx 600 and we expect quite strong returns through 2026.”

3. Rates should be 150 basis points lower says Bessent and inflation is not a problem.

The investing world will turn its attention to northwestern Wyoming this week, with Federal Reserve Chair Jerome Powell set to give his most important policy speech of the year on Friday at the annual Jackson Hole Economic Symposium.

Meanwhile, markets have been going up as investors are pricing in more rate cuts.

Here is core inflation.

4. This is not the time to be greedy.

5. The AI tech stack.

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