Lessons can be learned from the fading fortunes of former billionaire Eike Batista: leverage cuts both ways, stocks that rise a lot are usually followed by equal and opposite moves. Hubris and blind optimism are financially toxic over time. Genius is before the fall. It takes disciplined risk management to protect and preserve capital over full capital cycles. Here is a direct video link.
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Cory’s Chart Corner
In both directions. h/t @LanceRoberts
This is really pretty incredible.
US household holdings of equities and mutual funds reached a record 278% of disposable personal income in the second quarter of 2026, up from just 29% in 1982, amplifying the stock market’s influence on consumer spending and economic activity.
