Hedge Funds Are Just Too Big To Beat The Market

The industry is now a multitrillion-dollar business, and that kind of size inevitably leads to disappointing results.

Election Year Still Favors Equity ETF Bulls

There's uncertainty in politics, but bulls have reason to be confident.

The Supreme Court Just Decided The SEC Has Too Much Power

In SEC v. Jarkesy, the court's majority curtailed the agency's authority. It won't be the last time.

The Real Reason To Worry About The Huge U.S. Budget Deficit

Don't fret about the immediate effect on money markets. Do fear that the bond vigilantes will reawaken.

Developments in artificial intelligence may be the antidote for an aging population, but it takes time for these advancements to work themselves into the fabric of our nation's businesses.

The Defining Economic Issue Of The U.S. Election

Americans remain pessimistic after the big jump in prices overwhelmingly outweighed the drop in inflation.

Is Private Credit Becoming The Public's Problem?

A recent U.S. court ruling suggests that some authorities have already overreached.

Defined Maturity ETFs: A Robust Solution For Fixed-Income Investors

Defined maturity bond ETFs can help make bond portfolios less volatile.

The Perils Of Outsourcing Asset Allocation To A Risk Score

Investors are not receiving truly personalized portfolios, leading to sub-optimal outcomes.

The Dangers Of A U.S. Capital Inflow Tax

Even if trade deficits were a major issue for the U.S. economy, the idea that they should be reduced through levies on foreign purchases of U.S. assets is pure folly.

Market Volatility Is About To Make A Comeback

A transformative period may be imminent for the US and global economy--and it will bring more risk.

Disinflation Is Happening In All The Right Places

The U.S. consumer price index is still a fog of lags, imputations and general noise, but the categories that matter are extremely encouraging.

America's Debt Is Both Sustainable And A Problem

In the International Monetary Fund's estimation, U.S. government debt is on a sustainable path.

Watch What Consumers Do, Not How They Feel

Sentiment about the U.S. economy has been improving, but the more reliable indicator is Americans' ability to spend.

Combining Private And Publicly Traded Assets To Strengthen Portfolio Resilience

Today's tools allow advisors to have more robust client conversations around incorporating private markets into portfolios.

India At The Crossroads

Indian Prime Minister Narendra Modi's recent victory in the national elections was muted at best.

Neoliberalism Worked Pretty Well, Actually

Yes, the market-driven economic policy of the last several decades left too many behind, but it also spurred historic growth.

Big Alcohol's Monopoly Isn't Worth Breaking Up

If higher prices for wine and spirits mean that fewer people will drink, then society will reap the benefits.

The Moral Hazard Of Lower Interest Rates

At a time when asset prices are already elevated, lower borrowing costs will invite even more leverage and speculation.

Why Inflation Perceptions Vary So Widely

Inflation is both better than it was and higher than it should be.