The word “bubble” gets tossed around quite a bit. Usually, it comes in the form of verbal arguments about whether prices have advanced to a point that’s “too high” in some sense. We can do much better than that. A bubble is a mathematical object.
China’s economy slowed across the board in July with factory activity, investment and retail sales disappointing, suggesting Beijing’s crackdown on destructive price wars and spillovers from Donald Trump’s tariffs are casting a pall over the world’s No. 2 economy.
Hedge funds added exposure to technology giants including Microsoft Corp. and Netflix Inc. in the second quarter, a stretch that saw an initial surge in volatility due to President Donald Trump’s trade policies but ultimately ended with major benchmarks posting significant gains.
A pair of new bond exchange-traded funds is making it easier than ever for investors to avoid taxes on coupon payments.
UnitedHealth Group Inc. shares jumped after funds piled into the company, which has been hampered by a federal probe into its business practices and weakening results.
The One Big Beautiful Bill Act, signed into law on July 4, 2025, introduces significant changes to the federal student loan system. The legislation aims to simplify repayment options, adjust borrowing limits and modify the structure of educational financing.
Last summer, we highlighted the investment potential in Eastern Europe.
Japan represents a compelling investment case, where local insight and rigorous research can uncover under-owned assets with the potential to deliver strong returns.
Economic resilience allowed the Fed to remain in wait-and-see mode in July, but July’s non-farm payroll report may cloud the horizon.
Wall Street banks are starting to cover firms that are not publicly traded. JPMorgan Chase & Co. kicked off the trend with a report on OpenAI Inc. Citigroup Inc. followed suit a week later with a list of roughly 100 large private companies it will focus on, predominantly in the tech sector.
President Donald Trump’s chaotic tariff policies have upended global trade and led to questions about whether the days of US exceptionalism and leadership that attracted capital from around the world are over.
The July CPI data indicated moderate price inflation and boosted optimism for a September interest rate cut, even though monetary inflation is on the upswing.
Portfolio Manager Dan Lyons and Research Analyst Luyi Guo explain recent developments in proposed pharmaceutical tariffs and “most favored nation” drug pricing and what both could mean for the biopharma industry.
The 24-hour news cycle reminds investors that tariffs still remain a factor. As such, for those looking to get commodities exposure as a portfolio diversifier will want to make sure they allocate strategically.
The U.S. economy grew at a surprisingly strong annualized rate of 3.0% in the second quarter of 2025, which far outpaced the post-2000 average of 2.3% and easily beat expectations.
As investors re-evaluate their allocations to US assets, we think they should consider euro-denominated bonds.
As we move through the final peak week of earnings season, the blended growth rate for S&P 500 has now moved into the double digits, hitting 11.8% with 90% companies reporting.
Income diversification is necessary considering that rate cuts could be ahead. One area that could help bridge the gap — private credit.
This video examines two key market valuation metrics: the Trailing Twelve-Months (TTM) P/E ratio and the more reliable P/E10 ratio. Using data through July 2025, we explore their differences, historical context, and what they reveal about the current market's valuation.
America is a free country. People are allowed to take all sorts of ill-considered risks.
President Donald Trump’s move to extract a 15% sales tax from Nvidia Corp. on certain semiconductors sold in China did nothing to damp investor enthusiasm for the world’s most valuable company.
Apple Inc. is plotting its artificial intelligence comeback with an ambitious slate of new devices, including robots, a lifelike version of Siri, a smart speaker with a display and home-security cameras.
US short-dated bonds yields fell to their lowest levels in more than three months, reflecting conviction among traders that the Federal Reserve will cut interest rates in September.
Sam Altman has a good problem. With 700 million people using ChatGPT on a weekly basis — a number that could hit a billion before the year is out — a backlash ensued when he abruptly changed the product last week.
We have been pleasantly surprised by how well stocks have handled the sharp increase in tariffs. Since the market low from the early April tariff scare, the S&P 500 Index has gained more than 28%.
It’s always fun to return to classic novels for summer reading and accordingly, this year’s Charts for the Beach returns to the time-honored basics of the economy and of investing.
For the second straight month, consumer borrowing was weak, indicating Americans might be close to their credit limits.
While the One Big Beautiful Bill Act (OBBBA) has something for each constituency in President Trump’s political coalition, we think it could be a squandered opportunity to alter the unsustainable trajectory of federal debt.
Doug Drabik discusses fixed income market conditions and offers insight for bond investors.
The first step toward offering participants lifetime income is to address misperceptions.
If you’re fighting an antitrust lawsuit that might end up breaking your company into pieces, one defense is to argue that those pieces would wither away if separated from the mother ship, thus creating a worse outcome for the consumer.
The summer months and October are known being tough on stocks, but seasonal trends don’t always repeat. Even when they do, it’s not necessarily a call for long-term investors to move away from equities. This year could be an example of a good time to remain invested during the summer doldrums.
Join the experts at CoinShares for an interactive product due diligence session, where you’ll have the opportunity to explore two strategic approaches to Bitcoin investing and get your questions answered in real time. Come curious, the team is here to help you gain clarity and confidence.
When going through a merger or acquisition, business continuity can be tricky. But advisor teams that make sure they are combining with firms with aligned cultures, services or business trajectories have a much higher chance of a successful transition — and retaining clients.
The ETF landscape continues to grow and change, and this time, it’s Neuberger Berman adding to the space.
Your clients need to plan for long-term care, and you need to help them do so. The best way to start that process is to dissuade them from assuming that LTC equals a nursing home.
A CCO’s first 90 days often set the tone for long-term success — or sustained struggle. To better understand what matters most during this transition, we spoke with seasoned compliance leaders navigating the realities of financial services today.
Find ways to segment your clients by those who want to be with you physically and those who do not. Have different strategies for how you will engage each group. You can make it work no matter what communication forum you use, even if sometimes it takes extra effort.
Stodgy equity mutual funds have been bleeding cash for years, losing out to cheaper and often better-performing alternatives.
Traders are snapping up risky assets of all stripes in the hope that falling US interest rates will add rocket fuel to an economy that’s so far been able to withstand the effects of Donald Trump’s trade war.
Crypto exchange Bullish hasn’t gone public yet, but that isn’t stopping an ETF issuer from trying to capitalize on the hype.
Sam Rines explains why it's time to find out what really drives returns in a shifting macro environment.
A surprise 39% tariff threat on Swiss gold imports sent shockwaves through the gold market. Gold prices remained relatively stable, but spreads exploded.
July U.S. ETFs saw gains in both flows and AUM as well as another elevated round of launches. In the tidal wave of funds coming to market, a few ETF strategies stand out for their innovation or for notable opportunities they provide.
Financial advice often focuses on boosting personal savings rates and maximizing return on investment during a worker’s accumulation years. Equally important, however, is the decumulation process, when people spend those savings in the form of income.
Chuck Carnevale, co-founder of FAST Graphs (“Mr. Valuation”), reviews six regional banks that are all Dividend Champions—companies that have raised their dividends for at least 25 consecutive years.
The meme stock movement is again dominated by speculative retail trading driven by online forums, social media hype, and short-term momentum.
The first full week of August offered a concise lesson in how quickly the policy calculus can shift when both politics and data align. Equity markets wobbled after reports that Governor Christopher Waller, not Kevin Warsh, is now the front runner for the next Fed chair.
Currently, spreads in most credit markets are at or close to historically tight levels, meaning that investors are locking in significantly lower levels of compensation than they have, on average, over the past several decades.
A cooler labor market was long in the making.
