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Written by Teresa Lo, a market veteran who survived every crash since 1987.About →
US envoys Kushner and Witkoff head to Moscow on Thursday to meet Putin after two days of talks yielded a prisoner swap but little else.
The deleted references add to scrutiny of World Liberty Financial as Democrats prepare congressional oversight of Trump family crypto ventures.
The Treasury secretary, who has led a months-long economic campaign against Iran, has left his Washington home for his own safety.
An external member of the Monetary Policy Committee backed tighter policy a week after the first UK rate rise in more than three years.
The Treasury secretary pressed the commerce secretary on why the Nvidia customer at the centre of the spy affair was not on a national security list.
Currency markets moved sharply after hawkish Fed comments, with the euro falling to $1.1084 and the yen sliding.
Enterprise sales drove the gain as OpenAI narrowed the gap with Anthropic, whose IPO is drawing investor attention.
Washington and Beijing set the tone for next week’s summit, with US officials pressing for a more balanced trade relationship.
The broker estimates hyperscaler capital spending growth could slow to about 40% in 2027, as the chief executive’s scandal weighs on the stock.
A Republican senator joined progressive Democrats in seeking a halt, while Michigan, Oakland and a Kansas town move against new projects.
The ratings agency raised its forecast from 6.5% for 2026 and 2027, citing broad-based growth and signs of a private capex revival.
Clashes erupted in Barcelona during the strike called by the main unions, weeks before Spaniards vote on November 29.
More Federal Reserve officials signalled further tightening after October’s consumer price report, while Treasuries, the yen and bitcoin fell as traders added to rate-hike bets.
Euro-area policymakers signalled tighter policy while the ECB’s chief economist said France’s bond trouble must be fixed in Paris, as Moody’s halved its French growth forecast.
The secretary of state said sanctions and a naval blockade are working, while crude rose from a two-month low as attacks on shipping in the Strait of Hormuz continued.
The move would lift the valuation above the range implied by Tuesday’s filing, as disclosures show founder share sales and large gains for Amazon, Google and Nvidia.
Congressional pressure to restrict AI chip sales to China is building after the allegations around Nvidia’s chief executive, and a senior Republican senator has called for him to resign.
Republicans shielded the defense secretary from an impeachment vote, but Democrats are expected to revive the effort when they take control of Congress in January.
Regional diplomats say decades of negotiations on a code of conduct will miss the end-of-year deadline, as Manila prepares to host leaders at the 49th ASEAN summit.
Stress is spreading through the debt-funded AI computing providers known as neoclouds, as Microsoft pulls back from deals it sees as risky and banks hesitate.
Russia and Ukraine wrapped up a short second round of US-mediated talks with no sign of major compromises, and Washington’s envoys are preparing direct meetings with both leaders.
The UK think tank said policymakers were set to move too slowly and that last week’s timid rate rise risks keeping interest rates higher for longer.
Prosecutors allege the men worked for an Iran-aligned network and that one coordinated a plot against a British airbase housing US forces from a New York jail.
4,715 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
Seven of the eleven lazy portfolios held cash: from 1% to 13%.
As of November 6, 2026, they range from 7.6% to 11.6% volatility. Raise cash once volatility exceeds 10%, up to 50%.
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
10.4%
4%
Swensen
ITOT 30 · IDEV 15 · IEMG 10 · USRT 15 · GOVT 15 · TIP 15
−26.0 · −42.6
10.9%
8%
Burns Margarita
ITOT 34 · IXUS 33 · TIP 33
−28.9 · −42.0
11.3%
12%
Larimore Three-Fund
ITOT 34 · IXUS 33 · AGG 33
−27.8 · −40.5
11.6%
13%
Schultheis Coffeehouse
Six stock funds, 10 each · AGG 40
−24.4 · −38.2
9.3%
None
Ferri Core Four
ITOT 30 · IXUS 24 · AGG 40 · USRT 6
−25.3 · −36.7
10.1%
1%
Bernstein Coward’s
Eight stock funds, 60 in all · ISTB 40
−23.0 · −36.4
9.1%
None
Ferri Two-Fund
VT 60 · AGG 40
−25.1 · −35.9
10.4%
4%
Ferri Three-Fund
ITOT 40 · IXUS 20 · AGG 40
−25.0 · −35.5
10.5%
5%
Robbins/Dalio All Seasons
ITOT 30 · TLT 40 · IEF 15 · GLD 7.5 · BCI 7.5
−21.1 · −24.3
7.6%
None
Browne Permanent
ITOT · GLD · SHY · TLT, 25 each
−18.6 · −19.0
9.4%
None
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.
