Markets tend to reflect expectations for the macroeconomy in advance. It’s not clear that adding a slug of gold to one’s portfolio provides additional protection against adverse economic developments.
Managing Dividend Income to Improve Your Tax Health
Sometimes it Helps to Pay Less Attention
What is a Recession Anyway?
US recessions are identified by the National Bureau of Economic Research (NBER). Their decisions factor in numerous economic indicators such as GDP growth, industrial production, and unemployment but are not contingent on an exact formula. Accordingly, past recessions have come in all shapes and sizes, depending on what you’re measuring.
Q3 2025 Market & Portfolio Results & Commentary
Are Nvidia's Earnings Big Enough For You?
Keep Your Investment Appetite in Check
How Do the Fed’s Moves Affect Market Interest Rates?
The Longer View on Stocks
Does Higher Inflation Hurt Stock Returns? - 38 sec. video
Markets Look Forward. So Should Investors.
Not all market volatility is created equal
Bearish Sentiment
Can You Predict Postelection Winners?
Markets quickly incorporate new expectations following election outcomes. Once the ballots are counted, stock prices reflect, in real time, investor expectations about things such as regulatory or tax policy changes. When these new expectations are baked into prices, we should not expect an election effect to persist.