Blog
ProActive Capital Management, Inc.

By 7013838615
•
February 19, 2026
We’ve seen a tight sideways grind in the S&P 500 to start 2026, and not much change since late October last year. While this could be a consolidation pattern that leads the market to eventually continue the prior trend (up), the market leaders/big technology stocks are not acting the same way.

By 7013838615
•
December 22, 2025
After another year of positive markets in 2025, we now turn the calendar and wonder what 2026 will bring. While we saw plenty of cautionary signs this year, the stock market climbed its wall of worry to new heights. How long can this continue is the question on everyone’s mind as wall street and main street don’t agree

By 7013838615
•
September 30, 2025
Signs of market froth continue to appear, as margin debt has reached a new record high. That and other indications show investors risk appetite continuing to grow. The stock market has continued to stretch higher this month and continues to set records both in price and in some valuation metrics.

August 28, 2025
While consumer spending has continued to slow down this year, the big tech companies have spent so much on data centers in 2025 that their spending is now contributing more to economic growth than consumer spending. The main players investing at staggering levels to build and upgrade data centers are Microsoft, Google,

By Cory McPherson
•
July 24, 2025
The stock market has continued its upward trend over the last month as the S&P 500 has reached all-time highs. In this newsletter I’ll highlight some continued divergences with market momentum and the complacency shown and also touch on some of the changes coming with the recent bill passage in Washington.






