O’Keeffe Stevens Advisory, an investment advisory firm, released its third-quarter 2026 investor letter. The letter describes a narrow Q3 2026 market rally—mega-cap gains lifted the S&P 500 to 2.3% while most stocks and smaller-cap indexes fell—and notes the portfolio’s Octave purchase, M&T Bank sale, and Corning options repurchase. The letter raises concerns about the scale and financing of AI infrastructure spending, despite strong demand and AI’s potential, and closes by...
O’Keefe Stevens Advisory’s Q3 2026 Investor Letter
