VettaFi | Advisor Perspectives

The Federal Reserve increased rates by 25 basis points this week, a remarkable turnaround with major implications for portfolios of all kinds; one underexamined impacted area may be annuities.

The S&P 500 wrapped up the week with a loss of nearly 1%, ending lower for a second straight week.

Nominal retail sales were up 1.2% month-over-month and up 6.0% year-over-year in August. After adjusting for inflation, real retail sales were up 0.8% month-over-month and up 2.6% year-over-year.

Margin debt increased in August to $1.45 trillion after decreasing last month. This marked a 2.6% increase from July and a 37.2% rise compared to the previous year.

The 2026 U.S. midterms are rapidly approaching, with major implications. Muni bonds, in particular, may be impacted.

Vanguard research challenges four myths about women investors, revealing what female clients value from financial advisors, from expertise to collaboration.

U.S. headline retail sales rebounded in August, up 1.2% to $773.9 in August, while core retail sales increased by 1.4%.

The Federal Reserve concluded its sixth meeting of the year by raising the federal funds rate (FFR) by 25 basis points to a target range of 3.75%-4%.

According to new data from J.P. Morgan Asset Management’s 2026 Defined Contribution Plan Participant Survey, 73% of savers said they wish they could hit an “easy button” and fully delegate their wealth management.

Here is a summary of the four market valuation indicators we update on a monthly basis.

• The Crestmont Research P/E ratio
• The cyclical P/E ratio using the trailing 10-year earnings as the divisor
• The Q ratio, which is the total price of the market divided by its replacement cost
• The relationship of the S&P composite price to a regression trendline

Based on August's S&P 500 average of daily closes, the Crestmont P/E of 44.9 is 191% above its arithmetic mean, 220% above its geometric mean, and is in the 100th percentile of this 14-plus-decade series.

The Q Ratio is the total price of the market divided by the replacement cost of all its companies. As of August 2026, the latest Q-ratio is at 2.12.

The inflation-adjusted S&P Composite Index was 227% above its long-term trend at the end of August.

Inflation rose 3.4% year-over-year in August, as it did for the 12 months ending July. The headline figure for the Consumer Price Index (CPI) was in line with economist estimates.

Inflation affects everything from grocery bills to rent, making the Consumer Price Index (CPI) one of the most closely watched economic indicators. The Bureau of Labor Statistics (BLS) tracks this by categorizing spending into eight categories, each weighted by its relative importance.

The U.S. Energy Information Administration (EIA) has released its latest Short-Term Energy Outlook (STEO), providing forecasts for energy markets. This article presents the annual production outlooks for crude oil, natural gas, and natural gas liquids (NGLs), comparing the September 2026 projections against the previous month's estimates.

The Producer Price Index (PPI) was up 0.4% in August, better than expectations.

Cerulli projects a $2 trillion surge in advisor-held alternatives over five years, as interval funds reshape how RIAs access private markets.

There is a general belief that there are four big indicators that the NBER Business Cycle Dating Committee weighs heavily in their cycle identification process. This commentary focuses on one of these indicators: nonfarm employment. In August, total nonfarm payrolls increased by 162,000 while the unemployment rate remained unchanged at 4.1%

The latest employment report showed that 162,000 jobs were added in August, compared to July's 21,000 gain. This figure was significantly higher than the projected addition of 55,000 jobs. Meanwhile, the unemployment rate was unchanged at 4.1%.

Artificial intelligence is quickly becoming a bigger part of financial advisors’ workflows, but the technology is still in the early stages of adoption. LPL Financial experts share how agentic AI can help advisors with workflows

FactSet finds core clients still favor cheap funds, while active ETF buyers pay a premium for performance, a trade-off advisors should watch.

There are routes towards adding innovation exposure in portfolios without going overboard on the biggest names. The ETF ecosystem has provided for significant innovation in investment strategies in recent years.

Here are three tips for young investors setting out to build wealth but not sure where to start.

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.

Discover why higher Treasury yields, strong ETF demand, and active management are creating new opportunities in muni bonds for advisors.

Given the current state of inflation and interest rates, it’s probable that many advisors and investors are considering alternative ways of fostering income within their portfolios.

High-net-worth investors and institutional managers continue to allocate heavily to muni bond ETFs to lock in attractive yields.

State Street's July Flash Flows report highlights record ETF inflows, and a major rotation into value and dividend strategies.

Learn what Trump Accounts for advisors mean for financial planning, including contribution rules, employer funding, 529comparisons, and ETFs.

In the week ending July 25th, initial jobless claims were at a seasonally adjusted level of 197,000. This represents an increase of 9,000 from the previous week's figure and was lower than the forecast of 201,000.

Gasoline prices jumped for a third straight week, reaching their highest level in almost two months.

Fifth district manufacturing activity was mostly flat in July, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index inched up one point to 5, marking the fourth consecutive positive reading.

Home prices fell for a third straight month in May according to the S&P Cotality Case-Shiller index, as the housing slowdown continues. On a seasonally adjusted basis, the national index was essentially flat month-over-month and was up 1.1% year-over-year.

Discover Aberdeen’s closed-end funds (CEFs) for high yields, illiquid assets, long-term investments, and resilient income for 2026.

The Federal Housing Finance Agency (FHFA) House Price Index (HPI) rose more than expected in May, reaching a new record high.

As advisors face outflows to client income and one-time distributions, organic growth via client pickups can prove a useful asset, according to a recent report.

A wave of new active ETFs is reshaping the fund landscape, and advisors now need extra care when screening funds for their models.

The Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for July. The general business activity index rose 1.3 points to 1.3, indicating accelerated growth of manufacturing activity and improved business conditions perceptions.

New orders for manufactured durable goods rose 0.3% in June to $334.77B, less than the projected 1.6% monthly growth.

Research Affiliates and PIMCO leadership analyze key 2026 midyear market shifts, warning of elevated U.S. and AI equity valuations.

New home sales unexpectedly rose in June while the median price fell to its lowest level in almost a year.

The Kansas City Fed Manufacturing Survey revealed regional activity remained steady in June. The composite index came in at 9 this month, down slightly from 11 in June but still indicating continued expansion.

The Chicago Fed National Activity Index (CFNAI) rose to -0.02 in June from -0.19 in May. One of the four broad categories of indicators used to construct the index decreased from May, and two categories made negative contributions.

A Roland Berger study finds family offices moving capital into infrastructure and private equity while retreating from riskier bets abroad.

A handful of key economic data points dropped last week, painting a picture of an economy that is successfully downshifting from its recent inflation peaks even as consumers keep their footing.

Home values fell for a second straight month in June, according to the Zillow Home Value Index. Additionally, after adjusting for inflation, real home values dropped even more sharply, hitting their lowest level in over five years.

Building permits fell 3.0% in June to a seasonally adjusted annual rate of 1.367 million. The latest reading missed the forecast of 1.400 million.

Housing starts jumped 19.0% in June to a seasonally adjusted annual rate of 1.427 million, beating forecasts driven by a massive surge in multi-family units.

Discover the top 10 most-read charts from the first half of 2026, covering historic market valuations, record margin debt, recession indicators, and global index performance.

Builder confidence edged lower in July as ongoing affordability challenges continue to affect the housing market. The National Association of Home Builders (NAHB) Housing Market Index (HMI) fell 2 points from June to 34 this month, marking the 27th consecutive negative reading.

The National Association of Realtors® (NAR) pending home sales index sank 5.4% in June to 72.5, the lowest level since January.

The Philadelphia Fed manufacturing index showed activity expanded significantly in July, with the index jumping 31.1 points to 41.4. This marks the highest level for the index since November 2021 and was more than triple the forecast of 12.7.

Manufacturing activity grew significantly in New York State, according to the Empire State Manufacturing July survey. The diffusion index for General Business Conditions remained in positive territory for a fourth straight month, jumping 9.9 points to 15.6 and coming in above the 9.3 forecast.

The NFIB Small Business Optimism Index rose 2.1 points to 97.4, reaching its highest level since February. However, the index remains below its historical average for a fourth straight month.

The June release of the Consumer Price Index for Urban Consumers (CPI-U) places the year-over-year inflation rate at 3.53%. This pushes inflation back below the post-WWII average of 3.72% for the first time since March. Meanwhile, this marks the fourth consecutive month that the current rate is above the 10-year moving average, which currently sits at 3.29%.

This series has been updated to include the June release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $54,560, down 5.7% from over 50 years ago.

Discover the top 10 most-read charts from the first half of 2026, covering historic market valuations, record margin debt, recession indicators, and global index performance.

Unpack the latest ICI flow data as long-term mutual funds bleed billions directly into low-cost, model-ready ETFs.

The articles that dominated the views in June were very much focused on the realities of investing, addressing everything from how inflation can affect your returns to incorporating AI into retirement evaluations.

Multiple jobholders accounted for 5.2% of civilian employment in June.

June's employment report showed that 17.6% of total employed workers were part time and 82.4% of total employed workers were full-time.

What does the ratio of unemployment claims to the civilian labor force tell us about where we are in the business cycle and recession risk?

Existing home sales unexpectedly fell 2.4% in June as the median home price surged to a record high of $440,600.

Model portfolios are seeing billions in inflows, and part of that success may be from how these strategies implement ETFs and private assets.

Here is a look at real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq composite since their 2000 highs. We've updated this through the June 2026 close.

The S&P 500 real monthly averages of daily closes reached a its all-time high in May 2026. Let's examine the past to broaden our understanding of the range of historical bull and bear market trends in market performance.

Following the Q1 GDP third estimate, the 'Buffett Indicator'—the ratio of corporate equities to GDP—now stands at 218.1%. This marks the fourth-highest reading in history.

AI represents a huge shift for financial advisors, who are always learning and adapting to a shifting investing landscape.

Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations for investment returns. This analysis focuses on the P/E10 ratio, key indicator of market valuation, and its correlation with inflation and the 10-year Treasury yield.

Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 25.3 and the latest P/E10 ratio is 39.5.

The U.S. trade deficit expanded over 40% in May to $77.59B, its widest gap since March 2025. The latest reading missed the forecast of -$78.30B.

The U.S. Treasury launched the Trump Accounts for childhood wealth building. Discover the five low-cost index ETFs anchoring the program.

The June U.S. Services Purchasing Managers' Index (PMI) from S&P Global rose 0.5 points to 51.2, indicating a modest rise in service sector activity. The latest reading was just below the forecast of 51.3 and marked the strongest expansion in four months.

The Institute for Supply Management (ISM) released its June Services Purchasing Managers' Index (PMI), with the headline composite index at 54.0. This was slightly lower than the forecast of 54.2 but keeps the index in expansion territory for a 24th consecutive month.

Travel on all roads and streets decreased in May. The 12-month moving average was down 0.06% month-over-month but was up 0.93% year-over-year. However, if we factor in population growth, the 12-month MA of the civilian population-adjusted data (age 16-and-over) was down 0.10% month-over-month and up 0.32% year-over-year.

Vehicle sales rose to their highest level in nine months in June, coming in at a seasonally adjusted annual rate of 16.523 million units. This represents a 2.8% increase from the previous month and a 4.4% rise from one year ago.

The 10-year Treasury yield has experienced dramatic fluctuations, ranging from a peak of 15.68% in October 1981, during the height of the Volcker era, to a historic low of 0.55% in August 2020, amidst the economic uncertainty of the pandemic. At the end of June 2026, the weekly average stood at 4.44%.

The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) came in at 53.3 in June, down from 54.0 in May, marking slightly slower growth. The latest reading was just below the 53.8 forecast and is the index's sixth straight month in expansion territory.

U.S. manufacturing expanded for an eleventh straight month in June but the growth eased to its lowest level in three months. The S&P Global PMI fell 1.2 points to 53.9 last month, falling short of the 55.7 forecast.

The ADP employment report revealed that 98,000 nonfarm private jobs were added in June, the twelfth straight month of growth. However, the latest figure was below the projected 118,000 addition.

What are consumers thinking about the economy? Their collective mood offers crucial clues for businesses, investors, and policymakers alike. In June, the two leading benchmarks, the University of Michigan’s Consumer Sentiment Index (MCSI) and the Conference Board’s Consumer Confidence Index (CCI), offered similar views with both showing slight improvement despite ongoing inflation concerns.

The Chicago Purchasing Managers’ Index cooled 6.0 points in June to 56.7, signaling an expansion in regional business activity for a second straight month. The latest reading was higher than the projected 55.7.

Job openings reached their highest level in two years in May, hitting 7.594 million vacancies according to the latest Job Openings and Labor Turnover Survey (JOLTS). The latest reading was higher than the projected 7.280 million openings.

The top 10 active ETFs YTD by fund flows show some intriguing trends and successful names that may pique the interest.

Last week’s data reaffirmed that inflation pressures remain the defining narrative across the economic landscape.

With the release of May's report on personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. To two decimal places, disposable income per capita was up up 0.68% month-over-month. But when adjusted for inflation, real disposable income per capita was up 0.23%.

The third estimate for Q1 GDP came in at 2.09%, an acceleration from 0.48% for the Q4 final estimate. With a per-capita adjustment, the headline number is lower at 1.91%, a pickup from 0.18% for the Q4 headline number.

Real gross domestic product (GDP) is comprised of four major subcomponents. In the Q1 2026 GDP third estimate, three of the four components made positive contributions.

As the summer economic landscape takes shape, investors are navigating shifting monetary policy, stubborn inflation pressures, and unexpected market momentum. This week’s snapshot breaks down the most critical updates and data releases from the past week to give you a clear view of where the economy is heading.

In an effort to streamline retirement income planning, MassMutual Strategic Distributors has launched a behavioral framework.

A massive advisor retirement wave is reshaping wealth management. Discover how $2.5 trillion in assets may fuel industry transformation.

The U.S. economy faced intensifying headwinds in May as both consumer and wholesale inflation metrics surged to multi-year highs.

With the latest CPI report showing that inflation is likely here to stay, it could be time to pivot towards ETFs with downside protection.

Several articles enjoyed strong performance during the month of May, though there does not seem to have been a unifying theme, unless it is pointing out mistaken beliefs or unexamined conventions.

The U.S. labor market took center stage last week as three major labor market indicators outperformed forecasts. Robust payroll additions in both the public and private sectors, paired with a massive surge in job openings, point to a workforce on solid footing.

Ride the momentum wave. Discover how tech-fueled factors propelled momentum and high-beta ETFs to historic, benchmark-crushing gains.

Here's an interesting set of charts that will especially resonate with those of us who follow economic and market cycles. Imagine that five years ago you invested $10,000 in the S&P 500. How much would it be worth today, with dividends reinvested but adjusted for inflation?

Closed-end funds may not be a hot topic right now, but they offer a highly compelling means to solve today's macroeconomic woes.

Last week’s data tracked a shifting economic trajectory over the last several months. While the latest reading on first-quarter GDP confirms the economy started the year with steady growth, subsequent inflation metrics moved higher and ultimately weighed on consumer confidence.

Fifth district manufacturing activity increased in May according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index rose ten points points to 13, marking the highest level in nearly five years. This month's reading was above the forecast of 4.

The Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for May. The general business activity index rose 2.7 points to 0.4, indicating slower growth of manufacturing activity and stable business conditions perceptions.

There is currently a stark contrast between everyday consumer confidence and financial market behavior. On one hand, persistent inflation and elevated living costs have driven consumer sentiment to historic lows. On the other hand, financial market participants are exhibiting aggressive risk appetite, with margin debt surging to an all-time high record on the heels of major equity market gains.

The Kansas City Fed Manufacturing Survey revealed regional activity continued to increase in May. The composite index came in at 8 this month, down slightly from 10 in April but still indicating continued expansion.

The latest Philadelphia Fed manufacturing index showed activity weakened in May, with the index sinking 27.1 points to -0.4. The latest reading marked the lowest level for the index this year and was worse than the forecast of 17.6.

As inflation lingers and market dynamics shift, advisors are rethinking the 60/40 portfolio with managed futures and options income ETFs.

Gas prices were relatively flat this week, remaining at their highest level in nearly four years. As of May 18th, weekly prices were down 1 cent for regular and were unchanged for premium.

The U.S. economic landscape in April was defined by a significant rebound in inflation across both consumer and wholesale sectors, complicating the path for future monetary policy.

Explore how Women in ETFs & CFAOC experts believe AI will supplement, not replace, financial professionals.

Manufacturing activity grew strongly in New York State, according to the Empire State Manufacturing May survey. The diffusion index for General Business Conditions rose 8.6 points to 19.6, its highest level in over four years.

Investors and advisors often seek private equity, but they are frequently thwarted by liquidity and other issues.

Addressing common 529 Savings Plan concerns and how recent legislative updates have broadened the 529 scope.

Total U.S. household debt climbed to a record $18.79 trillion in Q1 2026, a modest 0.1% ($18 billion) increase from the previous quarter. The overall rise was driven by increases across a handful of categories, specifically mortgage and auto loan balances.

Munis may have struggled a bit in March, but the long-term environment for these bonds remains full of potential.

Explore the new 529 rules, including Roth IRA rollovers, the grandparent loophole, and higher K-12 limits.

The U.S. labor market demonstrated remarkable endurance in April, with job gains outpacing expectations and private sector expansion reaching its strongest point in over a year. As the Federal Reserve maintains a steady interest rate policy, the focus now turns to upcoming inflation and retail data to gauge the sustainability of this momentum.

As market volatility lingers, the latest S&P Persistence Scorecard reveals a sobering reality for active managers.

Research Affiliates explains how a fundamental growth strategy can outperform traditional market-cap-weighted growth indices.

TCW's concentrated strategy targets power grid constraints over clean tech, riding demand from AI and manufacturing reshoring.

Retirement is a challenge for countless investors and their advisors. A new report from Goldman Sachs has more.

April saw a variety of articles published on Advisor Perspectives address core questions with which advisors and their client must contend.

Advisors are rethinking strategy in 2026, as geopolitics, AI adoption, and downside risk reshape market expectations and investment decisions.

Momentum and growth dominated in April 2026, driving the S&P 500 to a massive 10.5% return. Discover the data behind this risk-on shift.

The U.S. economy ended April with mixed signals: steady interest rates and high Fed dissent met persistent, energy-driven inflation. Despite these hurdles, accelerated Q1 growth and rising consumer confidence provided a buffer against ongoing global instability.

Volatility ETFs have specific purposes to fulfill for investors -- so have they done so in a very volatile year?

The Census Bureau released its latest quarterly report for Q1 2026 showing the latest homeownership rate is at 65.3%.

Fifth district manufacturing activity increased in April according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index rose three points points to 3, marking the highest level for the index in 20 months. This month's reading was above the forecast of 2.

Last week’s economic data was defined by conflicting signals from the consumer. While retail figures suggest resilience, sentiment levels have plummeted to record lows. Meanwhile, the S&P 500 continued its historic rally as markets prepare for the upcoming Fed decision.

Active ETFs are no longer a niche satellite play; they are becoming central pillars of modern portfolio construction.

While recent market performance reflects optimism over potential geopolitical de-escalation, underlying economic data reveals a complex landscape of intensifying price pressures and cooling growth. This article examines the major economic news from the week of April 6-10th, 2026.

While recent market performance reflects optimism over potential geopolitical de-escalation, underlying economic data reveals a complex landscape of intensifying price pressures and cooling growth.

The traditional 60/40 portfolio is undergoing a structural renovation, but the fixed income sleeve is proving difficult to stabilize.

While every market downturn is unique, history offers a crucial lens for understanding recovery. This chart series provides a comprehensive overlay of the Four Bad Bears in U.S. history since the $1929$ peak, comparing their recovery paths through the S&P $500$'s close on March 31, 2026.

Learn how advisors can optimize late-start 529 plans using superfunding, SECURE 2.0 Roth rollovers, and multi-scenario modeling.

Discover how abrdn’s K-1 free ETF outpaced gold and the S&P 500 in March 2026 by providing broad, tax-efficient commodities exposure.

529 Plans are a huge part of many families' investing lives, but up until recently rarely involved advisors. Could that change?

An Exchange conference panel explored bitcoin's evolving role, allocation tactics, and ETF structures for advisors building crypto portfolios.

Heavily influenced by escalating geopolitical conflicts, last week's economic snapshot reveals a sharp erosion of confidence among consumers and investors alike.

The convergence of ETFs, mutual funds, and tokenization is gaining momentum as asset managers seek to modernize product structures, expand distribution, and future-proof their businesses without abandoning established regulatory frameworks.

ETF fees are falling, along with mutual fund fees, according to a new report looking back over multiple decades.

The U.S. middle market has hit $25 trillion. Discover why Cerulli says the advisor shortage and shifting demographics make early engagement a necessity.

Learn how RIAs are using Section 351 ETF conversions to modernize SMA strategies, defer capital gains, and boost firm valuation.

Industry experts at Exchange 2026 explored why only a quarter of advisors have formal succession planning in place and what it takes to execute well.

When we think of the U.S. government's finances, we often focus on the massive debt. But what about the assets? What does Uncle Sam actually own, and which asset is the largest?

How much wealthier are Americans since the Great Recession? While a look at the headlines shows a staggering 211% increase in household net worth since 2009, adjusting for inflation tells a much different story.

Jeffrey Sherman of DoubleLine provided a candid assessment of the Federal Reserve's current trajectory and fixed income at Exchange.

History made: Dimensional launches first active ETF share class. Access 40 years of micro-cap expertise in a tax-efficient ETF wrapper.

Muni bonds have been a strong performer so far in 2026, benefitting from an important transition to the ETF wrapper from mutual funds.

With the NCAA tournament beginning in just a few days, we’ve applied the bracket format to our own research. While economic theory often dictates what should be most important to investors, our reader engagement reveals which topics truly commanded investor attention over the past year.

February saw more than 50 new ETF launches according to ETF Database data, with some standout offerings to note.

The Milano-Cortina 2026 Winter Games concluded with a familiar hierarchy at the top of the medal table. But in the world of economic indicators, we rarely look at totals without normalizing for scale. The 2026 Winter Games are no different.

A guide to helping HNW investors align tax efficiency with philanthropy, retirement strategy, and multi-generational wealth transfer planning.

From real estate to multi-generational planning, learn the key strategies high-net-worth individuals use to maximize wealth and legacy.

With uncertainty rising through geopolitical conflict, AI risk, and inflation, ETFs that offer greater portfolio control may be the way to go.

It’s no secret for financial advisors today that cracking the millennial client base is a key part of their work. Every day, U.S. millennials inherit major sums of money and are unsure of how to steward their new assets.

Wealth management tech helps RIAs scale, but integration challenges and learning curves remain barriers to maximizing effectiveness.

The U.S. economy sent conflicting signals last week as a sharp deceleration in growth collided with unexpectedly stubborn inflation.

Advisors can foster a stronger relationship with their clients through providing advice over charitable giving.

The U.S. economy began 2026 with a display of unexpected resilience in the labor market and cooling inflation.

SEC White Paper: Do fund mergers lower fees? Explore how economies of scale impact expense ratios and performance for ETFs and mutual funds.

The surge in active ETF launches aligns with broader market trends. For example, active ETF strategies accounted for roughly 60% of new ETF launches in the early months of 2025, underscoring the category’s growing momentum and advisor interest. 

The U.S. labor market showed further signs of cooling last week as private sector hiring slowed and job openings reached their lowest levels in over five years.

Vanguard CIO Lauren Wilkinson shares a strategic roadmap for RIAs curious about AI integration for their practice.

ETF industry and State Street Investment Management leader Matt Bartolini joined VettaFi's Todd Rosenbluth to talk diversification.

Throughout most of 2025, silver has recently outperformed gold, proving (ironically) that it is not always second place. Strength in silver built gradually through last year, but the latest pullbacks are a reminder that near-term market reactions can outweigh fundamentals and long-term investor sentiment.

Active fixed income ETFs stand out amid the broader transition from mutual funds to ETFs, with DSCO a recent switch.

The ETF industry has carried its record-breaking momentum from 2025, surpassing $100 billion in flows before the end of January.

In a move that underscores the relentless downward pressure on investment costs, Vanguard announced that it has slashed fees for 84 mutual fund and exchange-traded share classes. These reductions, spanning 53 different funds, represent nearly $250 million in estimated savings for investors in 2026 alone.

The final week of January saw a stark divergence between official policy and the American consumer's outlook. While the Federal Reserve maintained a "solid" view of economic growth, the public’s mood plummeted to a decade-low as sticky amid sticky wholesale inflation.

The U.S. economy continues to display a complex mix of resilience and persistence. As markets brace for next week’s FOMC meeting, this snapshot breaks down the latest shifts in GDP, inflation, and consumer behavior.

Recent acquisition deals highlight asset managers’ race to capture the booming demand for model portfolios and outsourced investment solutions.

The champagne has gone flat. After months of planning the great breakaway, signing independence paperwork, and celebrating freedom from wirehouse constraints, newly minted registered investment advisors (RIA) owners face a sobering reality. They've traded a boss for a back-office burden that's quietly strangling their growth.

As the second half of January begins, the U.S. economy presents a picture of cooling inflation and resilient consumer activity.

Market experts from the WisdomTree recently discussed how the market is responding to the latest headlines, and where opportunities lie.

DoubleLine CEO/CIO Jeffrey Gundlach looked back at 2025 and ahead in 2026 for opportunities, with charts to support his assertions.

JPMorgan Chase and Delta Air Lines have both posted fascinating Q4 earnings, creating compelling opportunities for crafty advisors.

As the S&P 500 continues its record-breaking ascent into early 2026, financial advisors are prioritizing diversification.

Rising operational costs & complex market conditions are forcing some advisors to reconsider how they deliver investment insights to clients.

The ETF ecosystem grew once more in December with more than 100 new launches joining the fray. Three funds invite a closer look.

JPAPM forecasts the global fixed income ETF market to grow to $6 trillion by 2030, up from approximately $3.2 trillion today.

Now that 2025 has come to an end, let’s take a look at the top 10 most-read charts of the year.

Three ways financial advisors can be more productive in the new year after starting their own independent practice.

Income ETFs can help retirees and their advisors navigate complicated economic times as they strive to meet their goals.

The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of December 12th, the index was at 6.71 with 3 of the 6 components in expansion territory.

Our monthly workforce recovery analysis has been updated to include the latest employment report for November. The unemployment rate inched up to 4.6%, its highest level since 2021. Additionally, the number of new non-farm jobs (a relatively volatile number subject to extensive revisions) came in at 64,000.

The economic narrative last week was shaped by a highly anticipated Federal Reserve rate cut, which came against a backdrop of conflicting signals in the labor market.

The economic narrative last week was dominated by a mix of cooling inflation and a softening labor market.

The 20th century Baby Boom was one of the most powerful demographic events in the history of the United States. We've created a series of charts to show seven age cohorts of the employed population from 1948 to the present.

Today, one in three of the 65-69 cohort, one in five of the 70-74 cohort, and one in ten of the 75+ cohort are in the labor force.

The labor force participation rate (LFPR) is a simple computation: You take the civilian labor force (people aged 16 and over employed or seeking employment) and divide it by the civilian non-institutional population (those 16 and over not in the military and or committed to an institution). As of September, the labor force participation rate is at 62.4%, up from 62.3% the previous month.

Last week's economic landscape was defined by conflicting signals from key indicators, suggesting a growing divergence between investor behavior and underlying consumer health.

Now that government workers are back in the office, the data flood is coming. Here are the four reports we’re most excited for, why they matter, and what we last heard from them.

Last week’s economic data sent mixed signals. Consumer sentiment plummeted to a near-record low on economic anxiety, and the manufacturing sector continued its long contraction.

Last week’s economic data sent mixed signals. Consumer sentiment plummeted to a near-record low on economic anxiety, and the manufacturing sector continued its long contraction.

Last week’s economic narrative centered around the Federal Reserve's latest rate cut, a decision complicated by the government shutdown and lack of economic data.

While the ongoing government shutdown continues to delay the release of many reports, a key piece of economic data managed to break through last week.

Secondary economic indicators have taken on heightened importance amid the ongoing government shutdown. Read through a handful of these secondary reports from the week of October 13th-18th.

In a week marked by renewed S&P 500 volatility stemming from reignited tariff talks and the ongoing challenge of a government shutdown that continues to delay crucial government reports, investors and analysts have increasingly turned to secondary economic indicators for a timely view of the U.S. economy.

In the absence of primary government indicators, policymakers and investors alike must turn to private sector releases to find clarity. These secondary reports paint a picture of a cooling labor market and an increasingly cautious consumer.

Last week’s economic data presented a sharp contradiction between a resilient U.S. economy and increasingly concerned American households.

The median household is the statistical center of the Middle Class. Let's take a closer look at the Census Bureau's latest annual household income data with a focus on middle class income. In this update, we'll focus on the growing gap between the median (middle) and mean (average) household incomes across the complete time frame of the Census Bureau's annual reporting from 1867 to 2024.

What is the relationship between education and household income? The Census Bureau’s 2024 annual survey data provides valuable insights into this question. The median household income for individuals aged 25 and older was $85,580, but how does this figure vary based on educational attainment?

Last week's economic data presented a challenging picture for the U.S. economy with key inflation reports delivering conflicting signals and a timely labor market indicator added to the narrative of a softening labor market. Read through the major economic news from the week of September 8th - 12th.

The median US income in 2024 was $83,730, up from $22,420 in 1984 — a 274% rise over the 40-year time frame. However, if we adjust for inflation chained in 2024 dollars, the 1984 median is $60.420 and the increase drops to 39%.

Our commentary on household income distribution offers some fascinating insights into average U.S. household incomes, but misses the implications of age for income. In this update, we examine household income with a focus on age bracket.

The Census Bureau recently released its annual report on household income data for 2024. The mean (average) household income for the middle quintile rose 4.5% to $84,390. Let's take a closer look at the quintile averages, which date back to 1967, along with the statistics for the top 5%.

Last week's economic data presented a challenging picture for the U.S. economy with key inflation reports delivering conflicting signals and a timely labor market indicator added to the narrative of a softening labor market.

The U.S. labor market continued to show signs of cooling, with all major labor indicators pointing to a softening trend and a weak hiring environment. Read through the major economic news from the week of September 2nd - 5th.

The U.S. labor market continued to show signs of cooling, with all major labor indicators pointing to a softening trend and a weak hiring environment.

Last week's economic data revealed strong economic growth running up against rising prices and falling confidence.

Last week was dominated by a major event in the financial world, the Jackson Hole symposium, and the subsequent reaction from the markets. Read through the major economic news form the week of August 18th - 22nd.

In economic news other than that from Jackson Hole, the week included a new record high for margin debt and more.

Last week, the S&P 500 had a rally that took it to three straight record highs but the momentum cooled as economic data painted a complex picture. Read through the major economic news from the week of August 11th-15th.

Last week, the S&P 500 had a rally that took it to 3 straight record highs. The momentum cooled as economic data painted a complex picture.

Many advisors have come to agree that the key to navigating 2025’s uncertain market is to do so through a well-diversified portfolio.

Read through the major economic news from the week of July 28th-August 1st.

A strong GDP rebound was quickly overshadowed by a weaker-than-expected jobs report and hotter-than-anticipated inflation.

Heading into August, with over $680 billion of net inflows YTD, the ETF industry is on track to surpass the $1 trillion mark again.

Emerging markets (EM) could finally be in the throes of a comeback, and there are already signs it could be in its early stages.

Investing in commodities can be a difficult path for investors who react impulsively to market headlines and short-term price movements.

Now that we're more than halfway through 2025, let's take a look at the top 10 most-read charts so far for the year.

While April brought further welcome news on the inflation front, underlying consumer fundamentals painted a more concerning picture.

Last week featured a light economic calendar, with the Fed holding its benchmark interest rate steady for the third consecutive meeting.

Four of the nine indexes on our emerging markets watch list have posted gains through April 11, 2025. Chile's IPSA is in the top spot with a year to date gain of 11.2%. Brazil's IBOVESPA is in second with a year to date gain of 6.3% while Mexico's BMV IPC is in third with a year to date gain of 3.5%.

In the week ending March 1st, initial jobless claims were at a seasonally adjusted level of 221,000. This represents a decrease of 21,000 from the previous week's figure. The latest reading was lower than the 234,000 forecast.

Earlier this week we posted an update on the median household income for the 50 states and DC which includes annual data from 1984 to 2023. Let's now look at the actual purchasing power of those median incomes. For this adjustment, we're using the "C2ER Cost of Living Index" produced by C2ER, the Council for Community and Economic Research.

In the week ending January 4th, initial jobless claims fell to their lowest level since February 2024. Initial jobless claims were at a seasonally adjusted level of 201,000, a decrease of 10,000 from the previous week's figure. The latest reading was better than the 214,000 forecast.

With 2024 behind us, let's revisit the top 10 most-read charts of the year.

The Conference Board Leading Economic Index (LEI) increased slightly in November. The index rose 0.3% from the previous month to 99.7 after eight consecutive monthly declines.

As 2023 comes to an end, let’s revisit the top 10 most-read AP charts of the year.

The latest Underlying Inflation Gauge full data set for September is 2.9%, down 0.1% from last month, while the prices-only measure is 2.2%, down 0.2% from last month. Current Headline CPI is now 3.7% and Core CPI is 4.2%.

Five out of the 12 Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. The September average of the five districts is -6.5, down from the previous month.

We've updated our periodic look at the Philly Fed ADS Index which includes real GDP (Q2 2023 third estimate) and initial jobless claims through 9/23.

The Census Bureau has posted its advance report on new orders for durable goods for August. This series dates from 1992 and is not adjusted for either population growth or inflation. Let's review durable goods data with those two adjustments.

The Chicago Fed's National Activity Index is based on 85 economic indicators drawn from four broad categories of data. Two of the four broad categories of indicators used to construct the index decreased from July. All four categories made negative contributions in August.

The U.S. Census Bureau and the Department of Housing and Urban Development published their August findings for new residential housing starts and building permits. Over the long haul, the two series offer a compelling study of trends in residential real estate. Here is an overlay of the two series since the 1959 inception of the starts and permits data, which was tracked beginning a year later.

The latest monthly employment report showed 187,000 nonfarm jobs were added in August. An industry breakdown of that number shows a gain of 151,000 service-providing jobs and a gain of 36,000 goods-producing jobs.

Here's the top 10 most popular AP Charts of 2022.