5 Things to Know in Investing This Week – The Supply Chain Issue
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Market Commentary
Weekly Points – October 10th, 2025 – 5 Things to Know in Investing This Week – The Gold! Issue
$AMD offers stock and chips to OpenAI in an effort to break $NVDA’s near-monopoly status. DKI wonders where we’re going to get the electricity supply to power all those chips. Gold crosses $4k on the way to a new all-time high. Or as we like to put it: Gold is staying stable while the dollar … Read more
5 Things – Delivery Change
Hi All, We’re making some changes to the email delivery system that we use to send the 5 Things. As a result, instead of an email, you’ll be able to read the 5 Things here on the DKI blog. Premium subscribers will have access to the full version this Sunday, one day earlier than usual. … Read more
Weekly Points – October 3rd, 2025 – 5 Things to Know in Investing This Week – The Government Shutdown Issue
The Federal government shut down this week. Democrat and Republican donors cheered. Politicians threatened the end of the world in front of microphones. The market shrugged. DKI has spent years expressing concern about the lack of pharmaceutical production capacity in the US combined with our large prescription drug use. President Trump uses tariff threats to … Read more
Reader Question on Hedging
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Weekly Points – September 26th, 2025 – 5 Things to Know in Investing This Week – The What if There’s an AI Spending Problem Issue
Last week, Enrique Abeyta warned that OpenAI reminds him of Enron from the dot com boom/bust. This week, Nvidia announced a $100B “investment” into OpenAI which will then be used to buy Nvidia chips. This is the exact kind of accounting shenanigans that Enrique warned about. He’ll be guest hosting the video version of The … Read more
It’s Not a Market Event
We’re nearing another Shutdown Theater event where people pretend the government “shutting down” will result in disaster and both “sides” engaging in brinkmanship gaming. Prediction markets indicate that it’s likely we get a shutdown at midnight tonight. The stock market has shrugged and indicated it doesn’t care. Fiat economists are threatening that each day the … Read more
What if OpenAI is Like Enron and Nvidia is Like Cisco
Last year, there was a lot of reasonable speculation that Cisco $CSCO from a quarter-century ago was analogous to Nvidia $NVDA now. The thinking was that Cisco was selling the hardware that new internet companies needed. (That was analogous to selling the picks and shovels to gold miners more than 100 years earlier.) When the … Read more
Weekly Points – September 19th, 2025 – 5 Things to Know in Investing This Week – The Fed Agrees with President Trump Issue
The big news of the week was the Fed doing exactly what we all expected they’d do; cut the fed funds rate into inflation 50% above the made-up 2% target. Did anyone else catch Chairman Powell accidentally agreeing with President Trump? Gemni has its IPO and the Nasdaq invests. Did anyone expect the crypto markets … Read more
Federal Reserve – As Expected
The Fed press release just came out. I’m getting you my quick bullet points now. Powell press conference in 15 minutes. I’ll update if he says anything that changes my conclusions. – Fed lowers 25bp (.25%) as expected. This is what the market and DKI thought would happen. – There was one dissent. Miran, the … Read more
