How one strategist is choosing between sky high valuations and value

The S&P 500 now trades at a forward price-to-earnings ratio of about 22 times, far above its historical average of about 16 times over the past 20 years.

We asked our wedding guests to give money to St. Jude’s Children’s Hospital. Can we write off their donations? April 14, 2026
“There were substantial donations made.”
Quentin Fottrell
Private credit not only won’t spark a financial crisis — it may be more stable than your bank April 14, 2026
With 65% equity cushions and 10-year lockups, Wall Street’s ‘anti-banks’ won’t face a ‘Lehman moment.’
Tomasz Piskorski
Credo’s stock surges. Here’s why its new acquisition ‘makes perfect sense.’ April 14, 2026
Bringing silicon photonics technology in-house will improve supply chain and cost structure, one analyst said.
Britney Nguyen
Globalstar’s stock is soaring. Amazon is buying the company to challenge Elon Musk and Starlink. April 14, 2026
Globalstar’s stock is heading toward an 18-year high on the back of an Amazon buyout deal, and has quadrupled over the past 12 months.
William Gavin
WNBA No. 1 pick Azzi Fudd to make $2.2 million, up 500% from Caitlin Clark’s rookie deal April 14, 2026
The WNBA’s latest labor agreement paved the way for the league’s wealthiest rookie class ever
Weston Blasi
Wholesale inflation jumps to highest level in three years — but the news is not all bad April 14, 2026
U.S. inflation at the wholesale level rose to a three-year high in March due to surging oil prices tied to the Iran war, but aside from energy, the increases in the cost of other goods and services were surprisingly tame.
Jeffry Bartash
The private-credit mess won’t lead to a financial crisis like 2008’s, says top IMF official April 14, 2026
Tobias Adrian, the IMF’s monetary and capital-markets director, says incentives today are better aligned among issuers of private credit and investors in it than was the case when subprime mortgage debt fueled the global financial crisis.
Greg Robb
Why gas prices haven’t hurt consumers yet, according to JPMorgan April 14, 2026
JPMorgan Chase beat first-quarter earnings expectations, with volatility from the Iran conflict leading to record market revenue and with consumers continuing to spend in the face of higher gasoline prices.
Tomi Kilgore
Nearly 90% of American adults are vulnerable because they are missing this key document April 14, 2026
Here’s why your family is likely to end up in court if something happens to you.
Beth Pinsker
My wife is older, but receives less Social Security than I do. Can she switch to spousal benefits? April 14, 2026
“I’m 60 and my wife is 62. She has already filed for her Social Security.”
Alessandra Malito