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Written by Teresa Lo, a market veteran who survived every crash since 1987.About →
The lawsuit alleges the president violated the Constitution’s Foreign Emoluments Clause by profiting from more than $2 billion in deals tied to the United Arab Emirates.
Letters of intent with four companies follow 19 earlier research grants, and Commonwealth Fusion Systems has signed one worth $85 million.
The decade-long deal sets a minimum commitment for US aircraft and keeps Lockheed aiming for annual output of 156 jets.
Shares rose 6% on an earnings beat, while proceeds from private equity asset sales fell 49% and the firm cast widening spreads on AI-related debt as a chance for higher returns.
Minutes of the September assessment show the Swiss National Bank saw no need to raise its readiness to intervene, and expects energy prices to drive global inflation.
A rush into government bonds on 22 October pulled the 10-year US yield under 5% while technology shares fell on doubts about the returns from AI spending.
The European Commission’s flash reading fell further than economists expected in October, taking household sentiment in the currency area to a five-month low.
The deal, made less than two weeks before the midterm elections, follows Zuckerberg’s warning that he would leave California if voters approve the wealth tax.
The proposed regulations are the first to enforce a new law passed by Congress, and the White House paired them with an order it says will cut homeownership costs.
Major US lenders are blocking the agents and rewriting their terms of service, while the comptroller of the currency says national banks are well guarded.
Statistics Canada’s industrial price index rose 14.5% from a year earlier as markets put the chance of a quarter-point Bank of Canada hike next week at about 75%.
Speaking at an officer graduation ceremony, the Israeli prime minister ordered the army and Mossad to pursue the overthrow of Iran’s leadership, according to accounts of the speech.
Iran’s Revolutionary Guards claimed strikes and mine hits on seven ships overnight and warned Washington of a wider response, even as Gulf oil exports run above their pre-war level.
Plans for a post-election air campaign, embassy drawdowns in the Gulf and a large Israeli sortie toward Iran’s border point to rising odds that the war resumes after 3 November.
At a White House cybercrime roundtable the administration showcased seizures of fraudulent crypto sites, while critics pointed to the Trump family’s crypto earnings and the 2025 pardon of Binance’s founder.
A day after SpaceX lifted the AI trade, Tesla’s capex cut and lower sales target, Meta’s results and Gulf tensions sent equities lower from Hong Kong to New York futures.
At Nvidia’s GTC conference in Berlin, Jensen Huang said demand for neocloud operators is “off the charts” but that scarce capital is holding them back, and urged lenders to treat Nvidia chips as a financeable asset.
The BOJ is expected to keep rates steady at its 29 to 30 October meeting, while strong loan demand and an ambitious wage target keep further hikes in view.
French yields stayed above 5% for a second day, with one gauge of French bond risk at a 15-year high, as policymakers signal no quick rescue from the European Central Bank.
SpaceX’s third-quarter results and Elon Musk’s dismissal of overcapacity worries sent tech stocks higher, with small caps posting their best day since August.
Three Asian central banks split this week on how to answer energy-driven inflation from the Middle East: Manila tightened more than expected, while Seoul paused and Jakarta held its benchmark rate.
A program overseen by a former CIA officer who followed Deputy Defense Secretary Steve Feinberg from Cerberus Capital Management would place undercover operatives against Chinese targets, alongside a new tech sabotage agency.
The president said he does not know who restricted Ukraine’s satellite internet, his top officials put the decision on SpaceX, and lawmakers are calling for an investigation.
The British bank said greater use of artificial intelligence will remove about 5% of its workforce, as its chief executive discussed third-quarter results, the UK budget and private credit.
3,835 items read
Every Saturday the free newsletter scores eleven popular lazy portfolios, Three-Fund, Coffeehouse, All Seasons and the rest, and works out how much of each should sit in cash. When a portfolio’s volatility rises past 10%, part of it moves to cash.
The reading
All eleven lazy portfolios were fully invested.
As of October 12, 2026, they range from 6.5% to 8.8% volatility. Raise cash once volatility exceeds 10%.
Get it free, every Saturday.
Cash is king during downturns. Knowing when to raise cash reduced the typical portfolio’s worst drawdown by 31 percent.
Portfolio
Worst drawdown since 2005
Drawdown %
some cash · all in
Volatility
now
Cash
now
Armstrong Ideal Index
IVV 7 · IUSV 9 · MSML 6 · ISCV 9 · IXUS 31 · USRT 8 · ISTB 30
−27.9 · −44.1
7.6%
0%
Swensen
ITOT 30 · IDEV 15 · IEMG 10 · USRT 15 · GOVT 15 · TIP 15
−26.0 · −42.6
7.9%
0%
Burns Margarita
ITOT 34 · IXUS 33 · TIP 33
−28.9 · −42.0
8.4%
0%
Larimore Three-Fund
ITOT 34 · IXUS 33 · AGG 33
−27.8 · −40.5
8.8%
0%
Schultheis Coffeehouse
Six stock funds, 10 each · AGG 40
−24.4 · −38.2
6.9%
0%
Ferri Core Four
ITOT 30 · IXUS 24 · AGG 40 · USRT 6
−25.3 · −36.7
7.7%
0%
Bernstein Coward’s
Eight stock funds, 60 in all · ISTB 40
−23.0 · −36.4
6.5%
0%
Ferri Two-Fund
VT 60 · AGG 40
−25.1 · −35.9
7.9%
0%
Ferri Three-Fund
ITOT 40 · IXUS 20 · AGG 40
−25.0 · −35.5
7.9%
0%
Robbins/Dalio All Seasons
ITOT 30 · TLT 40 · IEF 15 · GLD 7.5 · BCI 7.5
−21.1 · −24.3
7.1%
0%
Browne Permanent
ITOT · GLD · SHY · TLT, 25 each
−18.6 · −19.0
8.7%
0%
Since September 8, 2005 (Robbins/Dalio All Seasons since August 4, 2006). MSML is the iShares MSCI USA Small-Cap ETF, renamed from ISCB on October 5, 2026 (SEC filing). Volatility is the size of a portfolio’s ups and downs, measured over a year. When a portfolio’s volatility rises past 10%, part of it moves to cash to a maximum of 50%. Full details in every issue of AiM Weekly. General information, not investment advice.
In 2018 I concluded that the bond bull market, which began in 1981, was ending, and not for the usual reasons.
By Thursday, March 5, 2009, the S&P 500 had already fallen 56% from its 2007 peak.
