TOPLEY’S TOP 10 May 22, 2026

1. S&P 500 Call Volume Soars to Highs

Barchart


2. Internet Boom was Massive Job Creator

Capital Group


3. DRAM ETF Raises $10B in 45 Days

Morningstar Roundhill Memory ETF amassed nearly $10 billion in net assets in just 45 days.

Jeffrey Ptak, CFA

Morningstar


4. SpaceX Prospectus -The One Business that Works is Starlink

One business that works-OM Blog

Starlink generated $11.4 billion in revenue in 2025. Operating income was $4.4 billion. Adjusted EBITDA was $7.2 billion, a margin of 63%. Revenue grew 49.8% year over year. Operating income more than doubled.

Comcast, providing cable broadband to 32 million American subscribers for decades, runs EBITDA margins in the mid-30s. AT&T is around 35%. Starlink, which commercially launched its first satellite in 2020, is running circles around both. It is not fiber broadband, but it is not selling that anyway.

The service had 2.3 million subscribers at end of 2023. By end of 2024, 4.6 million. By end of 2025, 9.2 million. The S-1 discloses 10.3 million subscribers as of March 31, 2026, across 164 countries. In November and December 2025, Starlink was adding 20,000 new customers per day.

Om Malik


5. Powell Outperformed Greenspan and Yellen


6. Wal-Mart Made New Highs Then Pulled Back to Support

StockCharts


7. One Year Chart-COST +27% vs. WMT +3%

Ycharts


8. Stocks Wealth Now Exceeds Real Estate Wealth in U.S.

Kevin Gordon


9. Kuwait Oil Exports at Complete Standstill….70% of Population (5.1m) are Expats


10. Warren Buffett Once Revealed the No. 1 Sign Someone Is Destined for Success

According to Buffett, people with this learnable skill may be the ones most likely to succeed.

EXPERT OPINION BY MARCEL SCHWANTES, INC. CONTRIBUTING EDITOR, EXECUTIVE COACH, SPEAKER, AND AUTHOR @MARCELSCHWANTES

Good communication skills are often perceived as confidence, charisma, or the ability to give dynamic presentations in front of a room full of people. Warren Buffett sees it differently.

For Buffett, communication determines whether your ideas stay trapped inside your head or actually influence people, build trust, and move organizations forward.

Here’s how he once explained it:

You’ve got to be able to communicate in life, and it’s enormously important. Schools, to some extent, underemphasize that. If you can’t communicate and talk to other people and get across your ideas, you’re giving up your potential.

That last sentence hits harder than most people realize.

Alexis Ohanian is Betting on Women’s Sports as a Billion-Dollar Opportunity

You’re giving up your potential.

Buffett is saying that even if you’re highly intelligent, have a strong vision for your career or business, and an amazing work ethic, it won’t matter much if the people you come in contact with cannot clearly understand you.

The pattern that keeps showing up

I’ve spent years studying leadership behavior and coaching executives, and one pattern keeps emerging: The leaders who struggle most are rarely the least capable in the room. They’re often the least clear communicators in the room.

They overexplain. They ramble. They hide behind jargon. When faced with navigating conflict, they avoid hard conversations. When having to show up authentically to deliver bad news, they delegate it to avoid criticism. They assume people “should already know.” They talk at employees instead of with them. You get the picture.

Then they wonder why trust erodes and why peers and co-workers question their credibility.

I believe a major facet of effective communication, especially in leadership roles, is reducing confusion and ambiguity. That’s the real job of a strong communicator.

What the best communicators do

The best communicators make people feel safe, informed, and aligned. Their team members and colleagues know where they stand. They know why decisions are being made.

And in workplaces drowning in uncertainty and constant change, which is the current reality for many businesses, clarity has become a leadership advantage.

Also, we can’t forget that communication is a two-way street. One of the biggest misconceptions is that speaking matters more than listening. In reality, leaders who dominate conversations without truly listening usually miss the data sitting right in front of them.

Practicing emotional intelligence is also strongly linked to great communication. In fact, they are inseparable. For example, many executives unintentionally sabotage themselves by communicating under pressure with the wrong delivery, tone, or body language, rather than being fully present, responsive, and grounded. In meetings, they rush conversations or jump straight into fixing mode.

But leadership communication is different; it’s relational work. People remember how leaders make them feel during difficult conversations. Especially during uncertainty, layoffs, restructuring, conflict, or performance feedback.

If you want people to trust you as a leader, here’s some free advice: Stop trying to sound perfect and start trying to sound human.

Buffett is right. Schools underemphasize communication. But many workplaces do too.

We promote technically brilliant people into management roles without teaching them how to navigate conflict, deliver feedback, listen with empathy, or communicate vision in ways people can emotionally connect to.

Then we act surprised when teams disengage.

The good news is that communication is trainable. You can learn to ask better questions, listen without interrupting, and slow down before reacting emotionally.

You can learn to speak with clarity by simplifying your message. You can even learn to have difficult conversations without avoiding them.

And when you do any of that, something important happens. You start working and leading with newfound confidence, authenticity, and ownership. That’s when leadership multiplies.

Buffett understood that decades ago. The leaders who will stand out over the next decade will be the clearest, calmest, and most emotionally grounded communicators.

Like this article? Subscribe here for more related content and exclusive insights from executive coach and global speaker Marcel Schwantes.

https://www.inc.com/marcel-schwantes/warren-buffett-prediction-success-individual-leadership/91345798?utm_source=newsletters&utm_medium=email&utm_campaign=INC+-+This+Morning+Newsletter.2026-05-20+-+10718&leadId=1548979&mkt_tok=NjEwLUxFRS04NzIAAAGh5COlPzRV1qfMsaLsDlvI–2YxfxXvUqmFAV0IxngD_kz384RGaAAnwO7D2HZsxla5TbneyZGY0wX0FymENXCoLD_AMuCfBOK-ChTfcJP8gwi

TOPLEY’S TOP 10 May 21, 2026

1. Tech Flows from March 30th Lows $20B vs.Rest of Stock Market -$334M

Sector ETF flows. Since the March 30th low in the S&P 500, Tech ETFs have seen over $20bn in cumulative inflows. The rest of the sectors have seen a combined outflow of $334m.

Todd Sohn – Strategas


2. NVDA Numbers—Does Buildout Have Durability 2027 and 2028?

Dave Lutz Jones Trading “Nvidia delivered another beat, but at this point that’s ⁠essentially priced in as it keeps beating quarter after quarter,” said analysts. “The lingering question is whether it can convince investors the AI buildout has durability into 2027 and 2028, ​especially as the narrative shifts toward inference workloads and competing silicon from Google, Amazon, AMD, and Intel.”


3. Trump Quantum Bet

The Kobeissi Letter


4. Margin Debt High but Not at Previous Tops

Topdown Charts


5. Gold GLD Close to 200-Day

StockCharts


6. Sectors Trading at Highs

Liz Ann Sonders


7. Ground Beef Prices 2020-2026

Wolf Street Ground beef: The average price of ground beef, 100% beef (excluding round, chuck, sirloin, and preformed patties) spiked by 3.0% in April from March, and by 18.9% year-over-year to a record $6.90 per pound, according to the detailed CPI data from the BLS. Since January 2020, the price has shot up 78%.

Wolf Street


8. Physical Attacks Related to Crypto Theft

CHartr-According to 2025 data from blockchain security company CertiK, cited by Bloomberg, the number of physical attacks related to crypto rose 75% last year to 72 verified incidents. The double dose of bad news for enthusiasts? One: that figure’s thought to be a serious underestimate, given the amount of crimes that go unreported and the ones that are dealt with privately (paid off), and two: according to an update earlier this month, 2026 is tracking to be even worse.

Chartr


9. Google Biggest Upgrade to Search in 25 Years

A new era for AI Search-Google

We’re bringing our advanced model capabilities to Search with new AI features, enabling you to use agents just by asking a question. We’re also introducing a new, intelligent AI-powered Search box, marking its biggest upgrade in over 25 years.

Elizabeth Reid

VP, Search

The goal of Search has always been simple: to help you ask anything on your mind — from quick facts to the deep, complex or hyper-specific questions that can be hard to articulate.

To make this possible, we’ve continued to reimagine what Search can do with AI. The momentum has been incredible: Just one year after its debut, AI Mode has surpassed one billion monthly users, with queries more than doubling every quarter since launch. As people have realized just how much more Search can do for them, they’re searching more than ever before — so much so that last quarter, we saw queries reach an all-time high.

Today at I/O, we shared the next step in our journey to bring together the best of a search engine with the best of AI. Here’s a look at what we announced.

Powerful AI, right in Search

Starting today, we’re upgrading Search with Gemini 3.5 Flash — our newest Flash model delivering sustained frontier performance for agents and coding — as the new default model in AI Mode for everyone globally.

Because your curiosity doesn’t always fit into keywords, we’re also introducing the biggest upgrade to our Search box in over 25 years — now completely reimagined with AI. This intelligent Search box puts our most powerful AI tools right at your fingertips, making it easier to ask your questions.

It’s more intuitive than ever, dynamically expanding to give you space to describe exactly what you need. Designed to anticipate your intent, it also helps you formulate your question with AI-powered suggestions that go beyond autocomplete. And you can search across modalities, using text, images, files, videos or Chrome tabs as inputs. You’ll continue to get a range of results from Search, just like you do today. The new intelligent Search box is starting to roll out today, in all countries and languages where AI Mode is available.

We’re also making it even simpler to continue the conversation with Search. You can easily ask a follow-up question right from an AI Overview, and flow into a conversational back and forth with AI Mode. Your context stays with you, and as you explore more deeply, the links and supporting articles get even more relevant. This seamless experience is live today across desktop and mobile, worldwide.

https://blog.google/products-and-platforms/products/search/search-io-2026/?utm_source=chartr&utm_medium=email&utm_campaign=chartr_20260520#powerful-ai


10. Our Champagne Socialists-WSJ

Old, failed ideas have a way of appealing to young, naive people.

By Andy Kessler

Thanks to capitalism, we are living in unprecedented good times. Space launches. Weight-loss wonder pills. Happy-hour-friendly autonomous cars. AI bots that will meet our every imaginable need. A more peaceful Middle East on the horizon. A resurging middle class around the globe. But that’s nothing that a few commies—er, democratic socialists—couldn’t destroy in a generation.

Socialism adoration comes from brainwashing. A recent City Journal survey of 120 “prominent colleges and universities” showed that a grand total of zero schools required economics courses to graduate. Only 15% required some U.S. government or history classes, while half required diversity, equity and inclusion-like courses. Ugh. So bye to jobs, hello socialism.

We need to educate our youth with a full-throated defense of capitalism and free markets because for too many, the most intelligent thing they say coming out of college is, “It’s like, whatever.”

Write to kessler@wsj.com.

https://www.wsj.com/opinion/our-champagne-socialists-3534e4b4

TOPLEY’S TOP 10 May 19, 2026

1. 2026 QQQ +15% vs. Financials XLF -5%

Ycharts


2. The Biggest Sub-Sector Spread 2026..Semiconductors (SMH) +51% vs. IGV (software) -12%

Ycharts


3. U.S. Equity Fund Flows 2026 2.4x the Five-Year Median-Marketwatch

Market Watch


4. Japanese bond yields at multi-decade highs may pose a wider problem for markets, says analyst

The 10-year Japanese government bond (JGB) yield rose above 2.81% early Tuesday, the highest since 1996, after data showed Japan’s economy expanded at an annualized rate of 2.1% in the first quarter of 2026.

Economists had forecast a 1.7% expansion, and the stronger growth may put pressure on the Bank of Japan to raise interest rates at its next monetary policy meeting in June as it battles rising inflation.

Japanese yields matter to the entire world, according to Ipek Ozkardeskaya, senior analyst at Swissquote, because the country is one of the largest foreign holders of U.S. Treasuries, the global debt benchmark.

Domestic bonds start becoming attractive again for major Japanese institutions, if they can earn a decent yield at home without taking the currency risk or hedging costs of buying U.S. debt, she says.

“That matters because if large Japanese investors start shifting even part of their money back into domestic bonds, demand for U.S. Treasuries could weaken, potentially putting upward pressure on U.S. yields,” Ozkardeskaya adds.

Market Watch


5. Crypto Flows Flipped Back to $1B Negative Last Week After Seven Weeks of Inflows

Crypto asset flows. “Digital asset investment products saw US$1.07bn of outflows, the first negative week in seven and the third-largest weekly outflow of 2026.”

James Butterfill – CoinShares


6. Betting Parlays is Giving Money Away-Kalshi Stats.  Howard Lindzon Letter

Howie Town


7. Drinking in 12th Grade Cut in Half…Being on Phone Replaces Drinking

Howie Town


8. Average Number of Applications Per Entry Level Job….Jumps from 100 to 300 in 4 Years

Bloomberg


9. Average Total State Gasoline Taxes Per Gallon

USAFacts


10. Human vs. AI Written Online

Megan Morrone Axios

Axios

TOPLEY’S TOP 10 May 18, 2026

1. Space X 2.5 Times Larger than Saudi Aramco IPO

The Kobeissi Letter


2. Yield Comparison—30 Year 5.12% 10 Year 4.50%….S&P Yield 1.06% at All-Time Low

StockCharts


3. Long-Term Treasury Yield Highest in 20 Years

ZeroHedge


4. Global Bond Yields All Trending Higher


5. Midterm Election Years Higher Volatility-Capital Group

Guide to Midterm Elections


6. America’s Data Center Count is About to Double

Apollo


7. 70% of Americans Don’t Want Data Centers in Their Community

HugeDomains


8. U.S. Youth Pushback on AI

Semafor


9. U.S. Equity Options Volume Hit All-Time Records

Perplexity


10. Perfect or better?-Seth’s Bl

We can search for the perfect option or settle for something better than we have right now.

The search for perfect never ends, and it’s a great place to hide.

Would you rather wait for the perfect job, or take this new one, which is better than the one you have?

The perfect leader is elusive, but we can probably find a better one.

When we produce better often enough, we get ever closer to the impossible perfect. 

https://seths.blog/

TOPLEY’S TOP 10 May 15, 2026

1. Risk On…Record Leveraged ETF AUM

The Kobeissi Letter


2. Shiller P/E Ratio 5% Away from Internet Bubble Levels….Same as Yesterday’s Letter-Not a Timing Market Timing Chart

Barchart


3. Ackman Bought MSFT…Still Trading $150 Below Highs

StockCharts


4. NVDA Nvidia Broke Out of 6 Months Sideways

StockCharts


5. IWC Micro Cap Stocks a Double Off Liberation Day Lows

StockCharts


6. In S&P 500 Up Years…Big Gains are Normal

Ryan Detrick


7. Africa’s Share of Global Mining

Semafor


8. Increase of Americans on GLP-1

Prof G Media


9. Total Household Debt Rolling Back Over -Wolf Street

Wolf Street


10. Steve Jobs’ 7 Rules For Success — That Still Apply Today

ByCarmine Gallo|edited by Jason Fell|Dec 01, 2025

Key Takeaways

  • Steve Jobs believed that genuine passion is the foundation of meaningful work.
  • Jobs paired big, audacious vision with ruthless focus.
  • The visionary tech CEO understood that customers don’t buy features — they buy possibility.

Steve Jobs’ influence on modern technology, design and communication is impossible to overstate. From the iPhone and Mac to Pixar and digital music, his ideas transformed how we work, create and connect. For entrepreneurs, leaders, and creators, Jobs’ greatest contribution isn’t just what he built — it’s the principles he lived by.

After studying Jobs’ career and philosophy for years, I’ve distilled his approach into seven powerful rules anyone can adopt. These Steve Jobs success principles can help you unlock creativity, strengthen leadership and bring bold ideas to life.

1. Do what you love

Jobs believed passion was the ultimate competitive advantage. He famously said, “People with passion can change the world for the better.” When asked what advice he’d give aspiring entrepreneurs, he offered this simple guidance: “I’d get a job as a busboy or something until I figured out what I was really passionate about.”

Passion fuels resilience, endurance and innovation—especially when challenges hit.
Key takeaway: Purpose-driven work leads to higher creativity and long-term success.

2. Put a dent in the universe

Jobs’ leadership was anchored in big, audacious vision. When convincing then-Pepsi President John Sculley to join Apple, he delivered one of the most famous pitches in business history: “Do you want to sell sugar water for the rest of your life, or do you want to change the world?”

Great leaders think beyond products. They pursue missions that inspire teams and attract customers.
Key takeaway: Vision is a powerful driver for innovation, brand loyalty and organizational momentum.

3. Make connections

Jobs defined creativity as “connecting things.” He believed innovation flourishes when people explore diverse interests and experiences. His calligraphy class — seemingly irrelevant at the time — shaped the Macintosh’s groundbreaking typefaces. His travels through India and Asia influenced Apple’s emphasis on simplicity, intuition and beauty.

Don’t stay in your lane. Expand your inputs to expand your ideas.
Key takeaway: Cross-disciplinary thinking is essential for original ideas and breakthrough products.

4. Say no to 1,000 things

Focus was one of Jobs’ greatest strengths. When he returned to Apple in 1997, he cut the company’s product line from 350 items to just 10. This allowed Apple to pour its best talent and energy into a small number of world-class products.

Jobs was proud of what Apple chose not to do.
Key takeaway: Strategic prioritization builds clarity, alignment, and product excellence.

5. Create insanely different experiences

Jobs understood that true innovation goes beyond hardware and software — it extends to the customer experience. When creating the Apple Store, he insisted the goal wasn’t selling boxes. It was enriching lives.

From the layout to the lighting to Genius Bar support, every detail was designed to create a seamless emotional connection between customer and brand.

Key takeaway: Exceptional customer experiences differentiate great companies from good ones.

6. Master the message

Jobs was widely recognized as one of the greatest corporate storytellers in history. His keynotes didn’t just present information — they entertained, educated, and inspired. Every slide was intentional. Every moment was choreographed. Every message was clear.

Even the best ideas fail without powerful communication.
Key takeaway: Effective storytelling amplifies your impact, influence, and brand presence.

7. Sell dreams, not products

Jobs understood something many businesses overlook: customers don’t simply buy devices — they buy possibility. This is why the iPad features a single home button. Complexity was removed so users could focus on what they could create, learn or become.

Your audience ultimately cares about their goals, not your features.
Key takeaway: Brands that speak to customer aspirations build loyalty and emotional connection.

https://www.entrepreneur.com/business-news/steve-jobs-and-the-seven-rules-of-success/220515