Guild Investment Management

07/16/2026

https://open.substack.com/pub/guildinvestment/p/earnings-season-five-things-that?r=2uav1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

We were surprised to read that Wall Street has never carried higher expectations into an earnings season than it is carrying into this one — recession rebounds aside.

07/09/2026

https://guildinvestment.substack.com/p/ai-is-revitalizing-the-industrial

If you strip the AI rally down to what the money is actually buying, you finally find transformers, high-voltage switchgear, copper, industrial-scale cooling, gas turbines, and data centers whose power draw rivals that of a midsize country — a build-out that Goldman Sachs estimates at roughly $7.6...

07/02/2026

https://open.substack.com/pub/guildinvestment/p/america-at-250-if-given-a-choice?r=2uav1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

Happy Fourth of July to all our readers!

06/25/2026

https://guildinvestment.substack.com/publish/post/203412629?r=2uav1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

06/18/2026

https://open.substack.com/pub/guildinvestment/p/talking-about-tokens-not-tokens?r=2uav1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

The Re-Plumbing of the Financial System Is Accelerating

06/11/2026

https://guildinvestment.substack.com/publish/post/201349572?r=2uav1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

This Friday, June 12, SpaceX — now enlarged by the recent merger with Elon Musk’s xAI and the X platform — begins trading on the Nasdaq under the ticker SPCX.

06/04/2026

https://guildinvestment.substack.com/publish/post/200461357?r=2uav1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

There is a particular kind of chart that tends to make us equal parts pleased and uneasy: the parabola.

05/28/2026

https://open.substack.com/pub/guildinvestment/p/fomo-is-the-new-fear-gauge?r=2uav1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

We all know that markets can climb walls of worry and brush off bad news even while the front pages scream about war and sanctions, and contrarian pundits worry about (or gloat over) the prospect of dollar collapse.

05/21/2026

https://open.substack.com/pub/guildinvestment/p/quiet-bull-markets-in-real-things?r=2uav1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

This week we offer some thoughts inspired by our colleague, the redoubtable Larry Jeddeloh of The Institutional Strategist. We are often asked what research we follow and who we read.

05/14/2026

https://guildinvestment.substack.com/publish/post/197539700?r=2uav1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

The AI buildout has become so central to the U.S.