TOPLEY’S TOP 10 August 27, 2025

1. Earnings Still Trending Higher

EPS outlook. “S&P 500 forward earnings per share rose to yet another new record high during the week of August 21 as industry analysts raised their 2025 and 2026 earnings estimates.”

Ed Yardeni – Yardeni Research


2. NVDA Earnings Post Close Wed….History of Post-Earnings

Dorseywright


3. Chat GPT Threat to Google Search?  Google New Highs

StockCharts


4. Google Outperforming MSFT Since Chat GPT Launch

Bespoke


5. In Small Caps Last 5 Years….Value has Been Outperforming Growth

Y Charts


6. Nvidia’s new ‘robot brain’ goes on sale for $3,499 as company targets robotics for growth-CNBC

Kif Leswing@kifleswing

Key Points

  • Nvidia announced on Monday that its latest robotics chip module, the Jetson AGX Thor, is now on sale for $3,499 as a developer kit.
  • The company calls the chip a “robot brain.” The first kits ship next month, Nvidia said last week, and the chips will allow customers to create robots.
  • Nvidia CEO Jensen Huang has said robotics is the company’s largest growth opportunity outside of artificial intelligence.

Nvidia announced Monday that its latest robotics chip module, the Jetson AGX Thor, is now on sale for $3,499 as a developer kit.

The company calls the chip a “robot brain.” The first kits ship next month, Nvidia said last week, and the chips will allow customers to create robots.

After a company uses the developer kit to prototype their robot, Nvidia will sell Thor T5000 modules that can be installed in production-ready robots. If a company needs more than 1,000 Thor chips, Nvidia will charge $2,999 per module.

CEO Jensen Huang has said robotics is the company’s largest growth opportunity outside of artificial intelligence, which has led to Nvidia’s overall sales more than tripling in the past two years.

“We do not build robots, we do not build cars, but we enable the whole industry with our infrastructure computers and the associated software,” said Deepu Talla, Nvidia’s vice president of robotics and edge AI, on a call with

https://www.cnbc.com/2025/08/25/nvidias-thor-t5000-robot-brain-chip.html\


7. COIN -30% from Highs

StockCharts


8. Labor Day Steaks will be Expensive

Barchart


9. San Fran Homeless Citations up 25X

WSJ Last year, the U.S. Supreme Court granted cities more power to penalize people for sleeping outside, handing city leaders a new tool with which to clear homeless people from the streets.

WSJ


10. Appeal to System 1 thinking -INC

Daniel Kahneman, the Nobel Prize-winning psychologist, said the human brain makes decisions based on two ways of thinking, or what he called systems. System 1 is your brain’s autopilot. It assesses a situation quickly without a sense of voluntary control. System 2 takes its time. It’s more logical and deliberate. When people hear a message for the first time, System 1 kicks into action. It decides almost instantly, “Is this useful to me?” If the answer is yes, it pays attention. If the answer is no, it tunes out. 

One of the brain’s primary functions is to conserve energy, so it’s constantly scanning its environment to pay attention to those things that matter and ignore the rest. When the brain locks on to something important, System 2 takes over. It will look for logical arguments supported with facts, figures, data, and evidence. System 1, however, acts as the gatekeeper. 

The importance of audience-centric communication 

In audience-centric communication, it’s critical to make the benefit clear in the first 30 seconds of a presentation. If your listeners have to work too hard to decipher what you say and how it applies to them, you’ve lost their attention. It’s important to make your topic worth their mental energy. 

One easy way to get your audience locked in is to start with the benefit, and then back into the topic. For example, when I began a keynote presentation for an AI summit at MIT, I opened with this line: “Full disclosure. I am not here to tell you how to do your job.” Since the audience was made up of researchers who are deeply involved in the field of AI, it was important that I acknowledge the obvious—I’m not an AI scientist.

In my second sentence, just 14 seconds after I took the stage, I said, “I am here to elevate the job you do by giving you specific, tactical tools and techniques that will help you sharpen the most critical leadership skill that you can build today.”   

I could have used the first 30 seconds or so to talk about my books, credentials, or experience, but none of those things would have given the audience a reason to care. Those details support my ideas and lend credibility to my argument, but they won’t make it through the System 1 gatekeeper. Play to the gatekeeper first. Once you get your audience to lean in, you’ll have their attention, and they’ll be eager to hear what you say next. 

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

https://www.inc.com/carmine-gallo/a-timeless-communication-tactic-steve-jobs-used-to-hook-any-audience/91228522?utm_source=newsletters&utm_medium=email&utm_campaign=INC+-+This+Morning+Newsletter.2025-08-25+-+8791&leadId=1548979&mkt_tok=NjEwLUxFRS04NzIAAAGcf_yNtpBSaqm54Ge5aywCtPRS9tbC1zU-pCHphDVE9A6g-wicMilEBlMSbr0BWJyW6WyMMnajCE3PHVwUQITOLw6nsbZfjfmXmjUuSJ2upUg

TOPLEY’S TOP 10 August 26, 2025

1. Bitcoin ETF IBIT Closes Below 50-Day


2. Microstrategy Fourth Time in 2025 Hanging Around 200-Day Moving Average…Still Down -37% from 2024 Highs

StockCharts


3. Ethereum Fastest Asset to $500B in History

Milk Road


4. First Day Trading IPOs Best in 20 Years

Callie Cox


5. 1995-2000 1400 Technology Stock IPOs ….Less than 10% Survived

Perplexity


6. It is Official…More ETFs than Stocks 2025

Bloomberg


7. Oh Canada!  Canadians Load Up on American Stocks

Dave Lutz Jones Trading Canadian investors have injected C$124 billion ($89.7 billion) into US stocks in 2025, even as Trump’s trade war disrupted the two countries’ longstanding, largely tariff-free relationship, according to data compiled by Warren Lovely at National Bank of Canada Financial Markets. That’s on track for the largest yearly inflow since at least the 1990s.

International Home Buyers Coming Back


8. Florida Condos Running Inventory Increases

NY Times-By Julia Echikson

The New York Times


9. Large Retailers Return $900B 2024

Sherwoodnews


10. Post Covid Widening in Wealth Gap

The Kobeissi Letter

TOPLEY’S TOP 10 August 21, 2025

1. Stock Buybacks Due for Seasonal Slowdown

@Callum Thomas (Weekly S&P500 #ChartStorm)Seasonal Buybacks: Interesting snippet on seasonality — the next couple of months have historically been a seasonal dry patch for buybacks. And indeed, it’s Sep/Oct which have historically tended to see the worst seasonal stockmarket performance.

Source:  @WarrenPies


2. First of Hot IPOs 2025-CoreWeave CRWV -50% from Highs

StockCharts


3. Retai Investors Buying 2 Handed—Professional Investors Flat

Retail vs. Pros flows. Retail flows are marching higher, Pros flows have been trending sideways.

John Marshall – Goldman Sachs via Zero Hedge


4. Reallocation Away from U.S. Stocks Already Reversing?

Barron’s


5. Global Investors Bought $163 Billion of U.S. Stocks in June

chartr


6. China Trade Surplus was $1 Trillion in 2024

Paul Krugman


7. Draftkings and Fanduel Performance “in football season” vs. “offseason”

Nasdaq Dorsey Wright

Nasdaq 


8. Private Equity Exits Running at Half of Last Years Count

WSJ-Following a binge of acquiring companies during the post-Covid deal frenzy, it is generally proving harder to now sell those companies on. There have been some notable initial public offerings this year of private-equity-backed companies, such as the roughly $1.4 billion IPO for cybersecurity company SailPoint. But the overall number of exits in the second quarter—which also includes sales to other financial sponsors or to corporations—slowed to about 10% below the typical prepandemic quarterly average, according to PitchBook.

The private-equity industry globally had an “inventory” of over 30,000 companies through the first quarter of this year, according to PitchBook. At last year’s pace of exits, it would take about eight years to clear that inventory, PitchBook estimates. https://www.wsj.com/finance/investing/private-equity-firms-stocks-are-struggling-despite-getting-into-401-k-s-759ad08d?gaa_at=eafs&gaa_n=ASWzDAhIF3ZRuFiL04sUAndx3YBw69LpEqZrO91c2AULQmFpu1chbIM8hHhIe-1TJos%3D&gaa_ts=68a6112c&gaa_sig=xrBjsViyf_iloYpulhAWnqH8qBeE4uDjpo5ABinCXnCWU7iN7-KoCzusLp2Hk_FEDFSCmSFXWTL5Nkq9nTTzJA%3D%3D

PitchBook


9. Mortgage Debt at Lowest Levels Since the 1950s

Mortgage debt is now 28% of the U.S. housing market value. That’s the lowest level going back to the 1950s.

Source: Bespoke


10. Student Loan Defaults Hit 10%

CNBC Kamaron McNair

CNBC LLC

TOPLEY’S TOP 10 August 20, 2025

1. Palantir Closing in on -20% Correction….It Has Not Even Broken 50-Day Yet

StockCharts


2. Coinbase -31% Correction Only Takes Stock Back to June Levels

Stock Charts


3. Target Down Pre-Market-Broke Below 5-Year Lows in April

StockCharts


4. Laggard Small Cap Russell 2000 50day thru 200day to Upside

StockCharts


5. Homebuilders Anticipating Lower Rates? +38% from Bottom….50day close to crossing above 200day bullish

StockCharts


6. Time on Market for Homes Hits 2015 Levels

Liz Ann Sonders


7. SPACs 41 of 59 IPOs Last Quarter

S&P Global


8. American Concerns About Artificial Intelligence

Reuters


9. Another Way to Look at Inflation Past 5 Years

Peter Mallouk


10. How to Sell Anything

Matt Gray

TOPLEY’S TOP 10 August 19, 2025

1. It’s All About Earnings = Tech

Bob Elliott


2. The S&P 500 is now trading at over 3.2x sales, its highest price to sales ratio in history

Charlie Bilello


3. Investment Manger Sentiment is Far From Overly Bullish

@Callum Thomas (Weekly S&P500 #ChartStorm)

Investment Manager Sentiment: Similar thing in the Investment Manager survey; risk appetite and near-term market outlook have dropped back to quite pessimistic levels. The key causes for concern are valuations, politics, and macro. The only bright spot in the survey is earnings (which I also highlighted last week that indeed earnings look unequivocally good for now).

S&P Global


4. Chinese Small Cap Stocks ECNS +51% 2025

Yahoo! Finance


5. U.S. Small Cap IWM Outperforming S&P One Month…Needs $240 Handle to Break Above 2022 Levels

Yahoo! Finance


6. Home Depot Earnings …. Stock Trading Below 2024 Highs

StockCharts


7. Home Price Drops from 2022 Covid Highs

The 19 metros whose prices are down from their 2022 highs.

Led by these metros with percentage declines from their highs in 2022:

  • Austin: -22.8%
  • San Francisco: -10.1%
  • Phoenix: -9.0%
  • San Antonio: -8.0%
  • Denver: -7.0%
  • Sacramento: -6.7%
  • Tampa: -5.3%
  • Honolulu: -5.2%
  • Dallas: -5.0%
  • Portland: -4.7%
  • Salt Lake City: -3.7%
  • Seattle: -3.3%
  • Raleigh: -2.1%
The Most Splendid Housing Bubbles in America, July 2025: The Price Drops & Gains in 33 Large Expensive Metros | Wolf Street

wolfstreet.com/2025/08/18/the-most-splendid-housing-bubbles-in-america-july-2025-the-price-drops-gains-in-33-large-expensive-metros

8. Home builders boost sales incentives to 5-year high as they struggle to sell newly built homes

Via Market Watch

Two-thirds of builders are offering sales incentives to lure home buyers

By Aarthi Swaminathan

The numbers: Confidence among home builders ticked down in August as home-buying demand remains weak, and builders are throwing more sales incentives at buyers to boost sales.

Builders’ sentiment in the market fell in August from the month before. Sentiment was glum as builders face weak demand as well as challenges associated with developing land and building homes.

The National Association of Home Builders’ monthly confidence index fell in August to 32, the industry group said. A year ago, the index stood at 39.

03:48

Builder sentiment has been in negative territory for the last 16 months in a row, the NAHB noted.

Big picture: Persistently high mortgage rates and home prices are keeping buyers away from the market.

The pace of home sales remains depressed, as many buyers can’t afford to enter the market. The 30-year fixed-rate mortgage rate was 6.58% as of Aug. 14, according to Freddie Mac. The median price of a new home was $401,800.

Concerns over the future of the U.S. economy, with reports of a weakening labor market, are behind the reluctance to buy homes right now.

Related: Americans more worried about inflation and unemployment after new trade deals leave tariffs at highest level in decades

“Affordability continues to be the top challenge for the housing market and buyers are waiting for mortgage rates to drop to move forward,” Buddy Hughes, a home builder and developer from Lexington, N.C., and chair of the NAHB, said in a statement.

On top of the demand-side weakness, “builders are also grappling with supply-side headwinds,” he added, “including ongoing frustrations with regulatory policies connected to developing land and building homes.”

https://www.marketwatch.com/story/home-builders-boost-sales-incentives-to-5-year-high-as-they-struggle-to-sell-newly-built-homes-4dd1f294?mod=home_lead


9. American Money Pouring into European Soccer

CNBC


10. I’m a psychologist who studies couples: People in the happiest relationships talk about 5 things every day—that most neglect

Mark Travers, Contributor

One of the most common myths about long-term relationships is that couples eventually run out of things to say. It’s easy to believe: Life gets busy, routines take over and conversations become more about logistics than connection. As a psychologist who studies couples, and based on my own experience being happily married, I know how tricky communication can become if you’re convinced there’s nothing left to say. But couples in healthy relationships make a habit of talking about things that matter, every single day. Their conversations stay fresh, connected and meaningful because they never stop learning about each other. Here are five things people in the happiest relationships talk to each other about every day — that most people neglect.

  1. The state of their relationship Couples in thriving relationships always make a point to check in and make sure the other partner is happy. On some days, that means asking: “Do you feel loved? Supported? Connected?” Other days, it’s about expressing appreciation, sharing a laugh over a favorite memory or talking about something they’re looking forward to doing together. Having these daily check-ins help prevent small misunderstandings from growing into larger issues.
  2. What they’re currently into In the strongest relationships, both partners stay curious about what excites the other. It could be a song they can’t stop listening to, a book they’ve been devouring, a hobby they’re exploring or even a TikTok that made them laugh. Regardless of whether their interests overlap, they stay curious about each other’s passions. This is what keeps the spark alive. Over their years together, these little updates remind one another of perhaps the most important thing to remember in a relationship: “We’re constantly growing and evolving, and we’re doing it together.”
  3. Their future dreams Happy couples are never stuck in the present or past. They often have conversations about long-term goals: owning a home, traveling more, starting a business or raising kids. They also don’t shy away from less practical, more whimsical topics, like what they’d do with a year off, how they’d renovate their dream kitchen or where they’d go if money wasn’t a concern. DON’T MISS: How to Build a Standout Personal Brand: Online, In Person, and At Work Discussing dreams, no matter how realistic or farfetched, keeps the relationship future-oriented by instilling a joint sense of purpose and possibility. Even if a dream can’t be acted on right away, talking it over allows them to keep track of each other’s values.
  4. Their fears and stressors Happy couples aren’t uncomfortable bringing up what’s bothering them. A healthy relationship should feel like a safe space where couples can work through their troubles together as a team. Whether it’s a tough day at work, a lingering insecurity or even a fear about the relationship itself, they trust their partner to respond with empathy. Over time, this daily practice of being emotionally honest builds a rock-solid sense of safety. Both partners will never feel like they have to carry their baggage alone.
  5. Their random thoughts Even a half-formed musing can be a fun way to connect. Happy couples never think twice about sharing their random ideas: their shower thoughts, their “what-ifs,” their “this just popped into my head” theories. And these don’t always have to be deep or profound. In fact, they’re usually pretty silly, weird or seemingly irrelevant. Adding a little bit of playfulness and spontaneity into every conversation also makes space for laughter and even intimacy. I always remind couples that a big part of building a successful relationship is about being intentional with the conversations you choose to have. Couples who stay connected day after day create a shared space for curiosity, growth and joy.

Mark Travers, PhD, is a psychologist who specializes in relationships. He holds degrees from Cornell University and the University of Colorado Boulder. He is the lead psychologist at Awake Therapy, a telehealth company that provides online psychotherapy, counseling, and coaching. He is also the curator of the popular mental health and wellness website, Therapytips.org. Want to stand out, grow your network, and get more job opportunities? Sign up for Smarter by CNBC Make It’s new online course, How to Build a Standout Personal Brand: Online, In Person, and At Work. Learn from three expert instructors how to showcase your skills, build a stellar reputation, and create a digital presence that AI can’t replicate. https://www.cnbc.com/2025/08/17/psychologist-people-in-the-happiest-relationships-talk-about-5-things-every-day.html