HORAN Wealth

It is with profound sadness that we announce the loss of Bob Kevoian, beloved co-founder and longtime host of The Bob & Tom Show, who passed away peacefully Friday afternoon at his home, surrounded by family and friends. Details regarding memorial services will be shared at a later time.

Worst bubble ever

𝗖𝗹𝗶𝗺𝗯𝗶𝗻𝗴 𝗮 𝗪𝗮𝗹𝗹 𝗼𝗳 𝗪𝗼𝗿𝗿𝘆 The S&P 500 Index reached its lowest closing low of the year at 6,343.72 on March 30th. This decline had the index down just over -9% from its January 27th high. Over the last two weeks though, the S&P 500 Index is up over 3% in both weeks for a return over 7% since the March 30th low. On a year-to-date basis the Index is down only -.42%, although the decline "feels' worse. horanwealth.com/insights/climb…

𝗦𝗽𝗿𝗶𝗻𝗴 𝟮𝟬𝟮𝟲 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗟𝗲𝘁𝘁𝗲𝗿: 𝗥𝗼𝘁𝗮𝘁𝗶𝗼𝗻 & 𝗖𝗼𝗻𝗳𝗹𝗶𝗰𝘁. In a little more than a quarter's time investors in the equity markets seem focused less on the so-called Magnificent 7 stocks and more on those stocks that have contributed less to the market's return over the past few years. This near-term transition is leading to a market that one might say is broadening out... horanwealth.com/sites/default/…

"wartime uncertainties are very likely to spark an increase in money demand. Without a corresponding increase in money supply—and especially since the Fed shows no willingness to lower interest rates—the economy will soon feel starved for money. That's deflationary. We won't see deflation for several months, but don't be surprised if it happens later this year."

Mag 7 $MAGS down -11% YTD. Dividend strategies positive YTD with $DVY up 6.31% and the equal weighted S&P 500 Index $RSP up .45%.

S&P 500 Index closes just below its 200-day sma. A market that is certainly looking oversold, yet only a little more than 5% off its high and down just 3.49% YTD. Nearing a potential bounce level? (Oct/Nov 2023)

Since October of last year, investors have rotated out of the Mega cap stocks resulting in the equal weighted S&P 500 Index outperforming the cap weighted S&P 500 Index.

Continued weakness in the Mag 7/ Mag 8 stocks. Only Alphabet, $GOOGL, has outperformed the S&P 500 Index since the end of October 2025.

Trucking volumes at 4-year high, up 10% YoY. Ignore the noise and focus on the signal. The freight market is telling us that the domestic economy is strengthening, not cooling.

𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝗼𝗴: 𝗔.𝗜. 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗥𝗲𝗻𝗮𝗶𝘀𝘀𝗮𝗻𝗰𝗲 One is unable to get through a day without some news on how disruptive A.I. or Artificial Intelligence is to a company's products. Will A.I. be additive to employment and economic growth? This has been the case in prior economic periods like the industrial revolutions and the technological revolution. horanwealth.com/insights/navig…

@greenlander00 The link in the article contains a footnote, which I will add to post. A part of the footnote: All index returns are total returns for that index. Returns for a war-time period are calculated as the returns of the index four months before the war and during the entire war itself.

@HORANWealthLLC this table is a little confusing. risk = max drawdown from day prior to the war start? return = % in index btw start of war and end or war? thx

𝗜𝗿𝗮𝗻 𝗖𝗼𝗻𝗳𝗹𝗶𝗰𝘁 𝗮𝗻𝗱 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗘𝗾𝘂𝗶𝘁𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗜𝗺𝗽𝗮𝗰𝘁 For investors a question arises about the impact this event will have on equity markets and the economy. More contained in this recent article... horanwealth.com/insights/iran-…

Thanks to @LaMonicaBuzz & @barronsonline for the chance to be interviewed for this weekend's Magazine! Much appreciated. AI and Tech Stocks Are in Trouble. Look to These Other Sectors, Says This Veteran Strategist. barrons.com/articles/ai-te… via @BarronsOnline

Non-U.S. returns continue to generate favorable results as of 2/27/2026.

This is what rotation looks like. Mid cap and small cap leading YTD. Top performing S&P500 sectors YTD, utilities, energy, materials. Growth and momentum factors lagging. bottom performing sector is technology.

@RyanDetrick We are positioned with 2/3's weighting at 4-6 year duration and 1/3 weighting in short term. Private credit issues may be reason for spreads increasing somewhat. Stimulus from OBBBA expected to be tailwind for economy first half, potentially leading to higher long term rates

@HORANWealthLLC Yes! What do you guys think about longer term bonds?

The clues have been there that we have more of an inflation problem than most think. We've built our portfolios for this. Less bonds/shorter duration, more global equities, managed futures, and some stuff that when you drop it and it hits your foot = own it.

Will AI crash the economy by making stuff too cheap? The 1990's internet was great at turning billion dollar industries into million dollar industries. Like newspapers. Wall Street is terrified that will happen 5 times faster. And 10 times wider.