The data says we’re not in a recession, but it sure feels like one.

The Vibecession captures the disconnect between economic data and how people actually feel. Consumer sentiment is near record lows, yet employment, income, and corporate earnings remain strong. For investors, understanding this gap between perception and reality is critical because markets ultimately respond to data, not vibes.

Are we in an AI Investment Bubble?

The answer to the bubble question is not binary – Yes and no and maybe are all true. It is apparent that AI will be woven to the fabric of much of what we do. We certainly think it’s too early to call out the winners. The best bet is to invest in the companies growing revenue and earnings. The companies that did that survived the last bubble just fine.

When it comes to investing, many of the rules are helpful shortcuts that can keep you from making less obvious financial mistakes. With a little financial sophistication, however, you quickly learn that many of the investing “rules” are merely guidelines that should be questioned and occasionally ignored.