ETF

Large-cap stocks may be better built for 5% Treasury yields than their smaller rivals, according to State Street Investment Management’s quarterly outlook. The 10-year yield climbed 0.81 percentage points last quarter to 5.28%, a near 20-year high.

Infrastructure has long been valued for its defensive characteristics, income potential and ability to protect against inflation. Essential assets such as electricity networks, pipelines, railways, airports and toll roads typically benefit from high barriers to entry and predictable revenues.

Chuck Carnevale analyzes seven stocks using FAST Graphs, showing how earnings, cash flow, and valuation charts reveal the business behind the stock price—and why a popular stock is not always an attractive investment.

Today I want to tell you about the city of Shenzhen. Unless you are in global manufacturing, you may not have heard of this Chinese city of 18 million people. As recently as 1979, the area had only 30,000 residents, living in small fishing villages. Today, it is one of the most modern cities in the world. It is also quite wealthy.

The Fed held rates steady at its October meeting but kept the door open to further tightening, with two dissenting votes and hawkish rhetoric signaling that the pause is a skip, not a stop.

Consumer staples are behaving (in a good way) like their technology counterparts. It may be the latter that’s helping the former. There are currently renewed fears about AI bubbles and hefty spending by hyperscalers. So some investors are trimming tech exposure and heading to more docile pastures, including staples.

The economy appears to be settling into a new equilibrium. Economic growth has moderated to a sustainable pace. While inflation has picked up over the last few months, there does not seem to be a fundamental shift in the underlying trend.

The new SPYM ETF mutual fund share class, SPYMX, may yet pick up some strong new flows with its appeal to institutional investors.

Investors often treat growth and dividends as opposing camps, but in practice, this means the two can complement each other.

Advisor Perspectives is launching a new website in January 2027. Learn what’s changing, and what to expect from the updated experience.

The AI investment boom has become one of the largest sources of demand in the U.S. economy. Announced annual capital spending across large U.S. technology companies points to more than $1 trillion in desired investment, up dramatically from only a few years ago.

The Federal Open Market Committee (FOMC) decided to keep rates unchanged, maintaining the fed funds trading range at 3.75% to 4.00%. After some early back and forth on the chances for a rate hike at this gathering, this result was largely expected. In fact, fed funds futures were pricing in more than a 90% chance that the fed funds target would remain unchanged.

Franklin Templeton plans to launch two ETFs Thursday that use stock dividends to buy bitcoin instead of more shares.

Royce Investment Partners: Co-CIO Francis Gannon details why recent volatility looks like the typical pattern of a US small-cap leadership cycle.

After overshooting projections for years, AI capex is slowing down. The shift doesn’t spell the end of the AI trade but a move to a more mature, predictable cycle that favors higher-quality borrowers.

Milton Friedman famously said, “inflation is always and everywhere a monetary phenomenon,” emphasizing that sustained inflation occurs when money expands persistently faster than real output.

The Federal Reserve decided to wait for more data rather than raise rates at its October meeting. Two policymakers dissented, favoring a rate hike of a quarter percentage point.

Could the near to medium term finally see value ETFs take the starring role back from growth? Value indices have provided some steady returns this year, but the question is, can they accelerate into the new year? Economic headwinds and concentration risk for the AI hyperscalers could see value stocks outperform. The American Century U.S. Quality Value ETF (VALQ) presents a strong candidate to do well if value stocks do.

How many eyeball-grabbing headlines can we stuff into the next few weeks? For tech investors, AI concerns mount, with rising credit default swap prices among the hyperscalers and sagging neocloud equities.

With the recent movements in both the stock and bond markets, there was some noteworthy news that got kind of lost. Indeed, the U.S. government posted a $1.99 trillion budget deficit for fiscal year (FY) 2026. While technically it is not a record amount of red-ink, it represented the largest non-COVID-related shortfall ever recorded in modern history.

The credit market had become more discerning. Companies with greater leverage, more uncertain cash flows, or business models requiring enormous amounts of capital appeared to be more scrutinized.

LPL Research examines three keys to earnings season: broader profit growth, margin pressures, and high expectations amid continued AI investment.

Gold has traditionally been one of the most popular ways for investors to gain commodity exposure, but its recent weakness highlights the differences across various commodities. While precious metals have struggled, energy and certain agricultural commodities have seen stronger returns. Existing diversified strategies are also giving investors more ways to access commodities beyond traditional gold funds.

Founded in 2019 with backing from Japanese investment holding company SoftBank, SB Energy began as a U.S.-based utility-scale renewable energy developer. Today, SB Energy has three lines of business—power, data centers, and solutions.

Reasonable minds can disagree about the ideal scope of government, but no one argues against nations providing for their defense. As conflicts emerge and tensions rise, defense spending will take a larger role in all nations’ budgets, with effects that will flow across the economy.

Income ETF strategies have exploded in popularity in recent years. Historically, investors have looked to bond coupons to add durability to their portfolios. The explosion of ETF popularity, launches, and adoption, however, has seen some intriguing options join the fray. The Goldman Sachs Municipal Income ETF (GMUB), which hits its three-year ETF milestone next year, represents just such a strategy.

Investors concerned about market turbulence don’t have to sacrifice return potential to reduce risk. Historically, short-duration high-yield bonds have delivered returns neck-and-neck with those of the broader high-yield market but with substantially less volatility. The recent rise in yields makes today an especially compelling entry point.

Economic data that continued to show a strong U.S. economy, housing aside, took a back seat this week as investors once again focused on potential risks to future growth: rising energy prices, sticky inflation, and most importantly, questions about the sustainability of the artificial intelligence (AI) boom.

There was very little macroeconomic news last week, but there was certainly no shortage of action in the markets. We saw an extraordinarily sharp rotation out of growth and into value, with both the Russell Value Index and the S&P Value Index reaching all-time highs even as the Nasdaq suffered one of its largest recent selloffs. That is a dramatic divergence, but historically it is not unprecedented.

US midterm elections take place on Tuesday, November 3. Currently, the Republican party is in control of the House and the Senate. This vote will essentially be a referendum on the Republican party’s body of work. It’s likely the composition of either the House or the Senate will change.

Geopolitical tensions are already driving demand for energy exposure through rising oil and gas prices. Combining this cyclical strength with long-term AI momentum creates a strong potential for noticeable returns.

Record ETF launches are compressing product shelf lives and raising closure risks. Learn the real costs for advisors and clients.

Ken Griffin told a room full of investors recently that we are “almost certainly” in an AI bubble. He may well be correct in that assessment, and there are plenty of media narratives that support that view.

Rick Polsinello, Christian Galipeau Discuss high-conviction insights that go beyond media headlines.

The bond market is flashing levels not seen in nearly two decades. The 10-year Treasury yield is hovering near 5%, while real yields — measured by Treasury inflation-protected securities (TIPS) — are at their highest since before the 2008 financial crisis.

Last year, U.S. charitable giving hit a record $617.20 billion, according to Giving USA. That’s the first time it’s ever topped $600 billion. Individuals gave $394.2 billion of that, foundations gave $117.15 billion, bequests added $62.19 billion and corporations contributed $43.67 billion.

This marks the first peak week of Q3 earnings season, with 1,885 companies expected to report and overall S&P 500 EPS growth holding at a robust 29.5%

The Fed is hiking to prove it can beat inflation. The danger is that it proves the point with the one economy that can’t afford to lose.

In a world that must fund trillions of dollars of sovereign debt not just in the US but all over the world. Plus, other “normal” business investments which will be even more hundreds of billions, if not trillions. And that brings us to the thrust of today’s letter: who will get access to this money and what are the returns going to be?

In late October, VettaFi hosted an interactive virtual event featuring market leaders from State Street Investment Management, Janus Henderson, and Horizon. During the presentation, advisor sentiment polls revealed a decisive shift in how many are approaching their fixed income allocation. Higher yields have restored bonds as a compelling asset class. However, advisors were looking for tools beyond a traditional index-based bond ETF.

Our Director and Head of Canadian Investment Strategy BeiChen Lin sees two main forces behind this week’s more cautious market tone: higher energy prices and renewed questions around artificial intelligence investment.

With several provisions of the One Big Beautiful Bill Act (OBBBA) taking effect in 2026, year-end planning may present new opportunities and considerations for taxpayers. It’s important to assess personal finances before the end of the year to determine if action is needed.

The S&P 500 has been a reliable index for building exposure to U.S. stocks for years, and for good reason. It’s a valuable barometer for investors who want to make sure they are tracking large-cap U.S. equities.

VettaFi has been recognized as the Best U.S. Index Overall Provider at the ETF Express U.S. ETF Awards 2026, building on a standout year of index innovation, strategic acquisitions, and product milestone growth across the ETP landscape.

The number one question we tend to receive is: Where are long-term interest rates headed from here? Right behind it is: How do I invest in the bond market, not only for right now but also for the future? In our opinion, investors should be prepared for this elevated “normal” rate setting for the foreseeable future. We wanted to address both questions by examining how to prepare a bond portfolio for a 5% world.

The Federal Reserve is engaged in a well-documented battle with high inflation. So, many advisors and fixed income investors are evaluating Treasury inflation-protected securities (TIPS) and related ETFs.

The Magnificent Seven have dominated the technology trade, but investor attention is now shifting toward the MANGOS — a group of companies that place greater emphasis on artificial intelligence (AI) rather than traditional megacap technology.

Markets look calm on the surface, but AI-driven shifts in capital allocation, earnings quality, and funding needs are reshaping risks and opportunities beneath the index level.