Many major macroeconomic developments over the past year have departed from the consensus forecast.
Efforts to increase the share of private equity investment in retirement funds are misguided and dangerous.
While America enjoys an investment boom, European life will continue to get pricier as real wages fall and job quality worsens.
The latest data slightly raised the odds of a soft landing for the U.S. economy.
The central bank's reservoir of credibility has allowed it to cut inflation without tipping the economy into a downturn.
Interest-rate risk has not translated into any material credit risk--a relief that traders are happy to run with.
There is no reason to assume that the U.S. economy will experience a major downturn this year or in 2024.
Advisors have no financial incentive to transition their clients to off-the-rack ETF offerings.
A sharp correction is highly likely, and things will get pretty bumpy.
Here are potential risks and opportunities as we move into the second half of the year.
Bets on unprofitable companies are tamer than usual, signaling tempered zeal for equities.
No matter how investors choose to gain exposure, there are compelling options across most major fixed-income sectors.
Listed derivatives can help mitigate both idiosyncratic and market risks while avoiding tax friction.
A reawakened bond market might force U.S. politicians to finally get the country's fiscal house in order.
His Modern Portfolio Theory forced a fundamental change in investing assumptions, but its central insight remains theoretical.
Arguments for a higher target persist, but a steady rate of 4% simply isn't sustainable politically.
As AI reduces demand for labor and boosts productivity, governments and businesses are going to have to adjust.
There is currently no evidence that the technology will lead to decreased employment in the long run.
Technical indicators often exert outsized influence over investors at times when caution is warranted.
Interval funds are becoming more widely adopted as a means of investing in real estate.