If you are more than just an investing hobbyist, it can make a lot of sense, from time to time, to take a step back and view the market from 10,000 feet. This report reviews (and shares data) on 5 high-level market themes, and then reviews 5 specific opportunities within each theme. Enjoy!
AI Fear: 5 Very Profitable Stocks Down Big
Markets are in the middle of an emotional tug-of-war over artificial intelligence. On one side is excitement about productivity gains and new revenue streams; on the other is fear that AI will commoditize software, consulting, and enterprise platforms. That fear has hit several high-quality companies hard, with shares of Microsoft, Accenture, Salesforce, ServiceNow, and Adobe down between roughly 23% and 32% year-to-date. The concerns about AI disruption are real—but they are also overdone, creating a compelling long-term opportunity in some of the most profitable businesses in tech.
The Top 10’s YTD: A Tale of Energy Strength, Mega-Cap Fatigue, and Software Reset
Year-to-date performance across the S&P 100 continues to highlight a powerful market rotation—one driven less by broad bullish or bearish sentiment and more by shifting narratives, earnings durability, and valuation resets. Let’s take a look at year-to-date performance for energy, mega-caps and software—highlighting a select group of extreme performers—with lots of volatile big risks and increasingly tempting opportunities.
Chaos Everywhere, S&P Barely Budges— A Prime Rebalancing Window
As we move through mid-March, markets are sending a surprisingly calm signal. Despite escalating geopolitical tensions, rising oil prices, and sharp sector rotations, the S&P 500 has remained remarkably stable. Down only ~3% this year, the index reflects quiet resilience in the face of loud headlines. But let’s take a look under the hood…
Top Big-Yield CEFs: "Real-Time" Data Sheet
Software Stocks Are Cheap: Is AI Eating Software?
Briefly sharing some updated data on the absolute blood bath in software stocks as the market believes AI (such as Anthropic’s release of the legal plugin for its large language model Claude) will devour traditional software. Names like Microsoft (MSFT), ServiceNow (NOW) and Adobe (ADBE) are down big—yet still very profitable and growing. Will have more to say soon about specific names, but here is a look at 40+ top software stock ratings from Morningstar (moat ratings, BIG price upside potential and more). In a few years, you may look back and wish you bought more. Enjoy the data!
BH20 Growth Stock Ranking: Precious Metals & AI Are Back!
The latest iteration of the BH20 Top Growth Stocks Ranking shows that AI megatrend themes and rare earths (precious metals) are back! Technically, they never went away. But the latest data proves (again) these themes are very real and very powerful! Take a look at these top 20 ranked growth stocks to corroborate your top ideas and manage your risk exposures (there are quite a few opportunities here worth considering here). Enjoy!
Growth Stocks: Dead, Long Live Value!
Year after year, since the depths of the great financial crisis, growth stocks have outperformed their value counterparts. But something has changed over the last 6 months. The script has completely flipped. Once shunned value stocks (as well as small cap stocks and non-US stocks) are now leading the way (see charts below). And there is reason to believe this trend may continue—according to the same script academics have written about for many decades. Let’s dig in—to help you reflect on your own growth-versus-value allocations right now and well into the future. Your future net worth may thank you.
State of the Markets: 3 Dramatic Themes and How to Play Them
I start with this long-run versus short-run illustration to remind investors that when the market seems “dramatic” (like it may seem recently), disciplined long-term investing is often the best course. However, periodically adjusting your portfolio around the edges (to manage risks and take advantage of opportunities) is warranted. This report reviews 3 dramatic market themes currently dominating the headlines and daily market swings, and then shares specific ideas on how to play them.
BH Fear Index: Greed Trumping 2026 Macro & Geopolitical Risks
After 3 consecutive strongly-positive years for US stocks (see graph), 2026 is off to a healthy start, despite geopolitical risks (Maduro removed from Venezuela) macroeconomic political risks (the Trump administration continues to pressure Fed Chair Jerome Powell), as the BH Market Sentiment Index sits at 70 (Greed).
CEFs: The 50 Biggest Big-Yields (Plus Lots of Data)—A Few Names Really Standout!
This report shares updated data on 50+ of the biggest big-yield Closed-End Funds (CEFs, by market cap), including current yield, discounts and premiums, leverage, beta, long-term performance and more! Interestingly, a few very popular PIMCO CEFs have recently come down in price (relative to NAV) which makes for some unusually attractive entry points on some premier double-digit yields (paid monthly). Muni bonds look good too (if you are in a high bracket and invest via your taxable account). Enjoy!
BH20 Growth Stocks: 2025 Megatrends, Room to Run in 2026
AI Chokepoint Kings: 4 Stocks Control the Entire Megatrend Build-Out
In the accelerating race to build-out artificial intelligence (AI) at scale, just a small handful of companies hold the literal "on/off switches" for the infrastructure powering it all. Dubbed "chokepoint kings," these firms control irreplaceable elements amid surging demand. Here are the four AI Chokepoint Kings, including a description of what they do, how they are currently being valued by the market, and my opinion on investing.
BH20 Growth Stocks: Separating The "Most Liked" from "The Best"
No one has a working crystal ball, but it’s not hard to see where the market is going (e.g. the “cloud AI megatrend,” for example). Where uncertainty starts to creep in is the likely winners (e.g. mega-cap hyper-scalers) versus the less-certain long-term winners with more volatile upside (e.g. the nuts-and-bolts hyper-scaler suppliers and datacenter component makers). This week’s BH20 fast-paced growth stocks shares a handful of top ideas from the latter group (e.g. huge upside “potential” but volatile and less-certain).
BH High Income Portfolio: Big Yield, Small Rebalance
The 25-position Blue Harbinger “High Income Portfolio” continues to offer a high yield (currently 9.6%). There have been no new buys or complete sales, but the existing portfolio positions have been rebalanced to trim some winners (trading at higher prices) and add more to attractive opportunities trading a bit lower (attractive). You can access the updated holdings in this report.
Software Application Stocks: Oversold
As the AI megatrend continues to grow, one of the lesser-noticed side effects within the technology sector has been the flow of dollars out of otherwise attractive software companies and into AI stocks. As a result, a lot of really attractive software stocks (those with high growth and high profits) are actually significantly underperforming the market and trading at increasingly attractive valuations.
The S&P 500 Cloud-AI Bubble: Huge Pain Ahead!
Far more money has been lost waiting for the market to correct than in the actual corrections themselves. That is a paraphrase of Peter Lynch, and it’s likely a wise warning for investors in the current “cloud-AI bubble” led by a small handful of US mega-caps stocks. The warning cuts hard both ways, as many investors will likely face huge financial pain in days ahead. This report reviews the current state of the cloud-AI bubble, considers a secular market paradigm shift, discusses the huge financial pain many investors are about to inevitably face, considers a handful of S&P 500 risk metrics and then concludes with my strong opinion on how to defend yourself against the growing cloud-AI bubble.
BH20 Growth Stocks: Aggressive Longs → Now Aggressive Shorts
The rats are abandoning ship as the top performing AI and growth stocks this year are quickly becoming top short candidates (look out below!). Specifically, the hard selloff in speculative AI stocks (over the last 2 weeks—see table) is not something I am buying as the BH Sentiment Index has fallen sharply (Now 38 out of 100—Fear!)—and it’s not the type of fear I am buying. Previous top ranked growth stocks (e.g. IREN and Bloom Energy) are crashing.
10 Contrarian GARP Stocks to Buck the AI Bubble
If you are concerned about inappropriately high valuations for top growth stocks currently benefiting from recent AI hype (increasingly being described as an “AI bubble”), here are 10 top contrarian growth stocks with less ties to AI, but that still have healthy growth trajectories, much more reasonable valuations (e.g. low price/earnings to growth (PEG) ratios) and a lot of upside as per Wall Street analysts estimates. I currently own several of these names in my prudently concentrated/diversified, long-term, BH Disciplined Growth Portfolio. Enjoy!
BH20 Growth Stocks: Hyperscaler Spending Good Sign for AI "Picks-and-Shovels" Companies
There is a new #1 in town, as Bitcoin-turned-AI-HPC-cloud company, Iren (IREN), has been dethroned by this accelerating fuel cell provider for AI datacenters. Massive runway for fast-paced growth, especially if this market stays healthy—which it may with stong AI momentum signs from megacap hyperscalers this past week. So much concentrated data and compelling opportunities in this market if you know where to look (such as this report). Enjoy!