Blog

February 16, 2025 - The Tariff Man struck back in what the Wall Street Journal called The Dumbest Trade War in History. While we all know how economically damaging President Trump's on-again, off-again, trade war is for the global economy and the capital markets, he seems to thrive…

December 16, 2024 - As investors priced in prospects of deregulation and a fresh focus on economic growth, markets surged, allocator optimism skyrocketed, and stock market fund inflows swelled with market participants cheering the election of Donald Trump. An upcoming change in the U.S. administration had an…

November 17, 2024 - A momentous sea change occurred on November 5th. With Donald Trump winning the U.S. presidential election, the global economy and capital markets began preparing to undergo a significant change. While many fiercely debate Trump's personal attributes and social policies, it is undeniable…

October 15, 2024 - Stock market crashes, when securities experience a rapid and severe drop in price, are some of the most memorable economic events for investors, given the discomfort and distress they can cause. Crashes typically happen when panic selling occurs, and investors lose confidence…

September 14, 2024 - According to the S&P Dow Jones Indices SPIVA (S&P Indices Versus Active) Scorecards, which regularly evaluate the performance of active mutual funds against their respective benchmarks, more than 90% of actively managed large-cap equity mutual funds underperform the benchmark index over the long…

August 10, 2024 - With the prevalence of recession predictions, and their host of corresponding recession indicators, it would seem like forecasting the next economic downturn is a national pastime. The reasoning behind the widespread desire to foretell a downturn is straightforward. Recessions bring downward volatility…

July 13, 2024 - While investors' attention has been recently focused on themes such as artificial intelligence plays (notably GPU supplier Nvidia) and GLP-1 providers (such as Ozempic maker Novo Nordisk), one of the oldest and most reliable investments has been mostly ignored despite its bull market…

June 15, 2024 - In every generation, an athlete comes along whose skill, personality, and resulting popularity transcend the sport. Tiger Woods did it for golf. Michael Phelps did it for swimming. Now the Indiana Fever's rookie Caitlin Clark is taking the Women's National Basketball Association to new heights.…

May 14, 2024 - The practice of lending goes back thousands of years, with loans representing one of humanity's first investable asset classes, along with real estate (residential, farmland, and timber), precious metals (gold and silver), and art. One of the earliest documented pieces of evidence…

April 7, 2024 - The North Star, also known as Polaris, is a prominent star that has held significant importance throughout history for its use in navigation. It is located nearly directly above the Earth's North Pole, making it an almost stationary point in the night sky,…