What we’re reading (12/29)
“Every Wall Street Analyst Now Predicts A Stock Rally In 2026” (Bloomberg). “At the big banks and the boutique investment shops, an optimistic consensus has taken hold: the US stock market will rally in 2026 for a fourth straight year, marking the longest winning streak in nearly two decades.”
“Gold, Silver Plunge After Historic Rally: ‘When It Gets This Stretched, Be Careful’” (Yahoo! Finance). “Gold and silver tumbled after touching record highs, bringing a parabolic move in the precious metals space to a screeching halt. Gold futures fell 4.5% to just above $4,340 per troy ounce. Silver futures dropped nearly 8% after briefly touching $80 per ounce.”
“Why The A.I. Rally (And The Bubble Talk) Could Continue Next Year” (DealBook). “If there is one question that has been asked more than any other this year in the business world, it is this: Are we in an artificial intelligence bubble? DealBook’s managing editor, Brian O’Keefe, takes a look at all the arguments for and against that possibility — so you can make up your own mind.”
“Medical Breakthroughs In 2025” (Scientific Discovery). “when I read most science journalism, hardly any of it mentions these achievements, the stream of innovation, or explains what is still untreatable and why. There's instead far too much hyping up of preliminary studies – what caused/cured cancer in six mice, for example – and much less about what’s changing people’s lives right now, let alone how much people’s lives have changed over the decades. So, since last year, I’ve been writing round-ups of the biggest breakthroughs in medicine and putting them into context to give you a sense of where we are.”
“The Case Of The $400,000 Massachusetts Lobster Heist” (Wall Street Journal). “New England is known for lobster. But lately, it is known for the lobsters that went missing. Thieves allegedly stole a truckload of lobster valued at $400,000 from a Massachusetts facility earlier this month. The scheme was complex, according to Dylan Rexing, chief executive of Rexing Cos., the logistics firm that was coordinating the shipment. The first part allegedly involved a phishing scam, and not of the seafood kind. According to Rexing, a culprit ever so slightly altered the email domain name of a real trucking company. The logistics firm hired what turned out to be a fraudulent entity, he said. Then, a perpetrator arrived on Dec. 12 to collect the lobster shipment at a Taunton, Mass., cold-storage center, run by a third party, where a Rexing customer was storing the lobster. Rexing said he believes the culprit impersonated a carrier by presenting a fake commercial driver’s license. The culprit’s tractor-trailer had the real trucking company’s name and trailer number on the side, he said.”
