Fort Sheridan Advisors

Celebrate America's 250th birthday with a look at one of the greatest economic growth stories in history. In this week's market update, we examine how the U.S. economy has transformed over the past 250 years—from a small agricultural nation into the world's largest economy and home to the deepest capital markets. We discuss the long-term drivers of America's success, including inno...

Memory Prices Are Exploding This week, we take a closer look at one of the biggest stories happening beneath the surface of the AI boom: memory pricing . Micron's latest earnings highlighted an extraordinary shift in the semiconductor industry. AI-driven demand for high-bandwidth memory (HBM) has pushed DRAM prices sharply higher, creating record profit margins for memory manufacturers while i...

This week, we take a step back to examine the forces shaping today's market environment. We discuss:• Why stocks continue to push higher despite elevated interest rates• The latest inflation report and what is really driving prices higher• How energy markets and potential U.S.–Iran peace negotiations could impact inflation• Why artificial intelligence is becoming an unexpected source of inflat...

Alphabet just raised $85 billion in equity for the first time in over 20 years to fund its massive AI infrastructure buildout. At the same time, potential mega-IPOs from SpaceX, Anthropic, and OpenAI could unleash hundreds of billions in new stock supply. In this week's market update, we discuss: • Why Alphabet raised equity instead of relying on cash or debt • The growing capital intensity of...

In this week's market update, we explore why biopharma may be one of the most compelling long-term beneficiaries of AI. While much of the market's attention has focused on companies building AI infrastructure and models, we believe the larger opportunity may lie in industries where AI can improve productivity, reduce costs, and accelerate innovation. Topics covered include: • Why biopharma...

The world is about to add the equivalent of four US power grids in the next 25 years — and AI is a big reason why. That's one of the headline takeaways from Bloomberg New Energy Finance's New Energy Outlook 2026, released earlier this week. What's notable is that this isn't a clean energy vs fossil fuel story — it's a demand growth story, with fossil fuels still accounting for...

This week, we break down the growing tension in the fixed income market as inflation reaccelerates, Treasury yields approach 20-year highs, and investors rethink the path of interest rates. We discuss: • Why April inflation surprised to the upside• How energy prices and the Iran conflict are impacting markets • Why stocks continue to remain resilient despite higher rates • The similarities — and m...

Q1 earnings are surprising to the upside, AI infrastructure spending is accelerating toward $1 trillion, and semiconductor companies now make up nearly 20% of the S&P 500. In this week’s market update, we break down: • S&P 500 earnings growth tracking above expectations • Rising forward earnings estimates for 2026 and 2027 • AI capex becoming one of the largest industrial buildouts in U.S....

Apple’s Next CEO, AI Spending Surge, and What to Watch This Earnings Season Apple is entering a new era. After 15 years under Tim Cook, John Ternus is stepping in, and his biggest challenge is clear: fixing Apple’s position in AI. Can Siri finally become useful, and can Apple compete with leaders in artificial intelligence? At the same time, the AI arms race is heating up. Over $100 billion in new...