There is no shortage of troubling news about artificial intelligence: inaccurate answers, privacy concerns, energy use, and the growing influence of large technology companies. Those concerns are real, and they deserve thoughtful attention. But I also want to say this clearly: AI—especially conversational tools such as ChatGPT and Claude—can be …
Rational at the Highs?
MARKET NOTES MAY 2026 PWJohnson Wealth & Legacy Crude is above $100, inflation is sticky, and central banks are tightening again — yet equities keep printing records. That looks like complacency. The numbers say otherwise. ~7 min …
Kevin Warsh Takes the Fed: Trump’s Pick May Be More Complicated Than Markets Think
Kevin Warsh has officially become the new Chair of the Federal Reserve, replacing Jerome Powell at one of the most challenging moments in recent economic history. The Fed announced that Warsh was sworn in on May 22, 2026, and the Federal Open Market Committee unanimously chose him to lead the board. President Trump nominated him on March 4, the …
Middle East Conflict and Your Portfolio
As of Sunday evening, March 1, 2026 (approx. 5:00 pm Pacific) Over the weekend, open hostilities escalated between the United States and Israel on one side and Iran on the other. Our thoughts are with everyone affected. From a financial perspective, wars often trigger an immediate rise in uncertainty—and markets tend to reprice risk …
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