Gratitude for Google, Then…

November 26, 2025 • 1 minute, 17 second read

When it’s your turn at the table, remember to add Google to your list of things to be thankful for.

Google stock has doubled off April lows, adding over $2 trillion of value – and 20% of the S&P 500’s total returns this year.

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Google’s rally this year is responsible for nearly 20% of the S&P’s returns. (Source: econovis.net)

It’s been a year. In July, Google avoided an antitrust breakup. Buffett’s successor at Berkshire Hathaway, Greg Abel, added the search ecosystem to its portfolio in Q3.

Last week, Google unveiled AI chip lines that are competitive with Nvidia.

All good for your 401(k), even if the historic level of market concentration in Mag 7 stocks got more pronounced.

So, gratitude for Google first. But take it with a dash of caution. The market giveth. And the market takes away.

Take some profits off the table… you’ll thank us later.

~ Addison

P.S. While this is a holiday-shortened week, we’ve arranged for a unique video presentation of Tim Sykes’ novel trading strategy on Thanksgiving Thursday.

Tim is one of the top traders in the game today – and he’s sharing details on a strategy he uses to find stocks on Fridays that will likely pop on the Monday open after a restful weekend.

Tim’s innovative strategy will be worth your consideration:

Turn Your Images On

If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.

Ripple Effect

Gratitude for Google, Then…

Addison Wiggin

November 26, 2025 • 1 minute, 17 second read

Google

When it’s your turn at the table, remember to add Google to your list of things to be thankful for.

Google stock has doubled off April lows, adding over $2 trillion of value – and 20% of the S&P 500’s total returns this year.

Turn Your Images On

Google’s rally this year is responsible for nearly 20% of the S&P’s returns. (Source: econovis.net)

It’s been a year. In July, Google avoided an antitrust breakup. Buffett’s successor at Berkshire Hathaway, Greg Abel, added the search ecosystem to its portfolio in Q3.

Last week, Google unveiled AI chip lines that are competitive with Nvidia.

All good for your 401(k), even if the historic level of market concentration in Mag 7 stocks got more pronounced.

So, gratitude for Google first. But take it with a dash of caution. The market giveth. And the market takes away.

Take some profits off the table… you’ll thank us later.

~ Addison

P.S. While this is a holiday-shortened week, we’ve arranged for a unique video presentation of Tim Sykes’ novel trading strategy on Thanksgiving Thursday.

Tim is one of the top traders in the game today – and he’s sharing details on a strategy he uses to find stocks on Fridays that will likely pop on the Monday open after a restful weekend.

Tim’s innovative strategy will be worth your consideration:

Turn Your Images On

If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.

The Calm Before the Terrifying Bull

December 16, 2025 • Addison Wiggin

The advance/decline ratio looks at the percentage of stocks in an index that are rising compared to the number that are falling.

While the index has been flat the past few weeks, the advance ratio has been improving. Only A few names – notably Oracle – have been keeping a lid on markets.

Frank Holmes: What Gold Reveals About America’s Affordability Crisis

December 15, 2025 • Addison Wiggin

A generation ago, a single income could support a family, buy a house and pay for a vehicle or two in the driveway.

Today, even two high earners are struggling to purchase a new home.

According to a recent report from Bankrate, a household earning $80,000 a year is now priced out of 75% of all new homes on the market. A family now needs to earn at least $113,000, and in some major metros, it’s closer to $200,000.

Meanwhile, the homeownership rate has slipped to a six-year low, with further declines expected next year. Families are being squeezed from every angle.

The point I want to make here is that the so-called affordability crisis isn’t just about the cost of homes or other assets. It’s about the cost of money.

Frank Holmes: What Gold Reveals About America’s Affordability Crisis

The Long-Term Cost of Denial

December 15, 2025 • Addison Wiggin

In just the first two months of Fiscal Year 2026, the deficit already totals $458 billion — the second-largest start on record.

More troubling still, the net interest expense hit $179 billion, outrunning Medicare, defense, and healthcare. At this pace, interest will again be the fastest-growing line item in the federal budget.

Cisco Hits An All-Time High

December 15, 2025 • Addison Wiggin

At the absolute peak of the dot-com boom — routers stacked to the ceiling and PowerPoint masquerading as profits — Cisco’s market capitalization topped out at roughly 4.4% of U.S. GDP.

Nvidia today? Roughly 16% of U.S. GDP.

That’s not a rounding error.

Measured against the size of the economy, Nvidia is in a category Cisco never visited. Which means that any serious disappointment in the AI build-out would scale 2000–01 – geometrically.

The Calm Before the Terrifying Bull

December 16, 2025 • Addison Wiggin

The advance/decline ratio looks at the percentage of stocks in an index that are rising compared to the number that are falling.

While the index has been flat the past few weeks, the advance ratio has been improving. Only A few names – notably Oracle – have been keeping a lid on markets.

Frank Holmes: What Gold Reveals About America’s Affordability Crisis

December 15, 2025 • Addison Wiggin

A generation ago, a single income could support a family, buy a house and pay for a vehicle or two in the driveway.

Today, even two high earners are struggling to purchase a new home.

Meanwhile, the homeownership rate has slipped to a six-year low, with further declines expected next year. Families are being squeezed from every angle.

The point I want to make here is that the so-called affordability crisis isn’t just about the cost of homes or other assets. It’s about the cost of money.

The Long-Term Cost of Denial

December 15, 2025 • Addison Wiggin

In just the first two months of Fiscal Year 2026, the deficit already totals $458 billion — the second-largest start on record.

Cisco Hits An All-Time High

December 15, 2025 • Addison Wiggin

At the absolute peak of the dot-com boom — routers stacked to the ceiling and PowerPoint masquerading as profits — Cisco’s market capitalization topped out at roughly 4.4% of U.S. GDP.

Nvidia today? Roughly 16% of U.S. GDP.

That’s not a rounding error.

Measured against the size of the economy, Nvidia is in a category Cisco never visited. Which means that any serious disappointment in the AI build-out would scale 2000–01 – geometrically.