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Written by Teresa Lo, a market veteran who survived every crash since 1987.About →
The Revolutionary Guards claimed two tankers struck mines and declared the strait closed, days after the US military said it had cleared the main routes.
The Treasury Secretary used a Sunday television appearance to question Nvidia’s leadership and the quality of its results days before the chipmaker reports.
The ousted founder has discussed a comeback with allies as investors, tech executives and a petition press the board to slow its search for a successor.
A New York Times report ties the Commerce Secretary’s push for softer export curbs to Cantor Fitzgerald clients as he travels to China with the president.
A crowded calendar of AI events, retail earnings, a Warsh speech and Federal Reserve minutes greets investors after a rough stretch for bonds and tech.
The Transportation Secretary toured all five Sunday shows to defend the response and press lawmakers for modernization funds, with reports putting the request at $30.1 billion or $50 billion.
The Philippines will hand the unfinished talks to Singapore, missing an earlier commitment to finish the code by the end of this year.
Jeff Schmid joined other Federal Reserve officials in calling for more action on prices, echoing words Chairman Kevin Warsh used in August.
The first catch of the rocket’s upper stage is a step towards the rapid reuse that SpaceX says will make reaching space more affordable.
Institutional demand has outstripped the shares on offer ahead of a debut next week, despite volatility in AI stocks.
The retreat gives the Iran-aligned group greater leverage over one of the world’s most important shipping chokepoints.
The San Francisco Fed president adds to signals that the central bank may raise rates again, though she said there is no need to rush.
The Ukrainian president’s account of the proposal comes as Russia restates its opposition to Ukraine joining the alliance.
The change cuts the number of interest-rate decisions the central bank makes each year, as Warsh prepares to open a conference on productivity and jobs.
A force posture review led by Elbridge Colby is heading to Pete Hegseth with a smaller reduction than earlier planned, reports say.
The explanation comes as the White House and the Transportation Department ask Congress for billions more for air traffic control.
The Singapore cloud company at the centre of the Nvidia scandal distanced itself from its former executive and said it conducts lawful business.
The British AI data-centre company reports surging revenue, widening losses and a need for more money as it heads for a New York listing.
Manila says the agreement bolsters a credible deterrent posture as it broadens its security ties in the South China Sea dispute.
Stephen Miller is expected to help lead the response as Democrats prepare investigations in the new Congress.
3,267 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
Eight of the eleven lazy portfolios held cash: from 2% to 15%.
As of November 13, 2026, they range from 8.4% to 11.7% 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
10.6%
6%
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
11.4%
12%
Larimore Three-Fund
ITOT 34 · IXUS 33 · AGG 33
−27.8 · −40.5
11.7%
15%
Schultheis Coffeehouse
Six stock funds, 10 each · AGG 40
−24.4 · −38.2
9.6%
None
Ferri Core Four
ITOT 30 · IXUS 24 · AGG 40 · USRT 6
−25.3 · −36.7
10.3%
2%
Bernstein Coward’s
Eight stock funds, 60 in all · ISTB 40
−23.0 · −36.4
9.2%
None
Ferri Two-Fund
VT 60 · AGG 40
−25.1 · −35.9
10.6%
5%
Ferri Three-Fund
ITOT 40 · IXUS 20 · AGG 40
−25.0 · −35.5
10.7%
6%
Robbins/Dalio All Seasons
ITOT 30 · TLT 40 · IEF 15 · GLD 7.5 · BCI 7.5
−21.1 · −24.3
8.4%
None
Browne Permanent
ITOT · GLD · SHY · TLT, 25 each
−18.6 · −19.0
10.3%
2%
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.
