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Website title: CXO Advisory - Stock Market Research and Investing Strategies

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Do the record market capitalizations of firms focused on artificial intelligence (AI) reasonably reflect future profit growth, after accounting for huge investments in data centers and ongoing costs to train and deploy AI models? In his May 2026 paper entitled “Valuation and Accounting Issues in the AI Ecosystem”, Andreas Haaker examines valuation and accounting problems...... <...

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A subscriber asked about the historical experience (distribution of outcomes) of an investor with a 5-year horizon (holding period). To investigate we consider returns for 5-year intervals rolled annually at the end of each calendar year based on: Annual nominal and real total returns for Shiller’s long-run S&P Composite Index during 1871-2025, offering 149... Keep...

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Below is a weekly summary of our research findings for 5/26/26 through 5/29/26. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receive these weekly digests via email, click here to sign up for our mailing list.......

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Does breadth of equity sector performance predict overall stock market return? To investigate, we relate next-month stock market return to sector breadth (number of sectors with positive past returns) over lookback intervals ranging from 1 to 12 months. We consider the following nine sector exchange-traded funds (ETF) offered as Standard & Poor’s Depository Receipts (SPDR):....

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A subscriber asked which exchange-traded fund (ETF) asset class proxies make the best safe havens for the U.S. stock market as proxied by the S&P 500 Index. To investigate, we test 16 ETFs/funds as potential safe havens: State Street Utilities Select Sector SPDR (XLU) iShares 20+ Year Treasury Bond (TLT) iShares 7-10 Year Treasury Bond......

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