https://acr-invest.com/commentary/the-ai-earnings-lump/
3Q 2026 Commentary
Commentary
ACR Alpine Capital Research’s quarterly investment updates.
3Q 2026
The AI Earnings Lump
Equity markets settled back into modest gains in the 3rd quarter after their 2nd quarter Gen AI1 risk-on surge. Rising rates, sovereign debt concerns, and emerging Gen AI skepticism made ...
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Commentary
The Future of Interest Rates
A cynic once observed that normal is a place one passes going from one extreme to another. They must have just...
READ MORESecular Bulls and Bears
More pundits dissect daily market fluctuations and the latest tick of economic data than ever before. To us, this...
READ MOREBorrowing from the Future
Artificial Intelligence (AI) exuberance continued into the second quarter. Financial speculation in new...
READ MORECircles of Competence, Ignorance, and AI
The general economic and financial market optimism which sprouted last year carried forth into the first quarter....
READ MOREMr. Market, Riding High
2024 turned out to be another excellent year for the economy and financial markets. We are confident about the...
READ MOREPerspective
The Banking Crisis of 2023 fizzled in the 2nd quarter, prompting a relief rally in stock and credit markets. Our...
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