Executive Summary of Recent Articles Explaining CAP-X Spending Boom.
By Chris Combs Chief investment strategist Silicon Valley Capital Partners. 1. “Meta Spending to Soar on AI, Massive Data Center” Wall Street Journal Meta plans to increase its capital expenditures in 2025 to $60–$65 billion, up markedly (~70%) over 2024. The increase is being driven largely by investments in new data centers and AI […]
Services PMIs and the Late Business Cycle Expansion
by Christopher Combs Silicon Valley Capital Partners 09/05/2025 Services PMIs have bottomed and are now expanding, marking a pivotal shift in the global economy. This turning point underscores both opportunity—through stronger earnings and output—and risk, as inflationary pressures mount and policy options narrow. Figure 1: Services PMIs in the Eurozone, United Kingdom, and United States […]
Trump 2.0 Flatter and Fatter Distribution Outcome
Donald Trump’s First Term Accomplishments versus Second Term Opportunities: Less Levers to Pull Christopher Combs Chief Capital Market Strategist Silicon Valley Capital Partners Donald Trump’s second term as President of the United States begins under markedly different economic conditions than his first. The economic backdrop of January 2017 offered distinct advantages compared to January 2025, […]
Does the European Union Unfairly Benefit from the United States’ Productivity and Output?
Christopher Combs Silicon Valley Capital Partners November 14, 2024 Historical Reasons for U.S. and E.U. Tariff Differences and Their Fairness Today The disparity in tariffs between the United States and the European Union has roots dating back to the post-World War II era. At that time, the U.S. was a dominant economic power and sought […]