CommentaryI spent most of last week at the Las Vegas Money Show, where I caught up with our favorite economist, Ed Yardeni, who pointed out in his Wednesday morning briefing that the “bond vigilantes” (a term Ed created in the 1980s) are skeptical of...

CommentaryLast Thursday, Taiwan Semiconductor Manufacturing (TSM) reported its June sales soaring 67.9% to a record $13.99 billion. TSM also said its second-quarter sales rose 36% and earnings surged 77.4%. Then they raised sales guidance above analyst estimates. That led to profit-taking and mean reversion...