Time-weighted asset–liability matching ETFs to debut November 13th Discipline Funds today announced the upcoming launch of the Defined Duration ETF suite, time-weighted asset–liability matching ETFs, scheduled to begin trading on November 13, 2025.1 The three [...]

Here are three things I think I am thinking about this weekend. 1) How Did We Get Here? I won't bore you with more of the tariff debunking that I did last weekend. If you [...]

Here are some things I think I am thinking about this weekend: 1) Is the USA Going BANKRUPT? I joined Ben Carlson and Duncan Hill last week to discuss the never-ending controversy over the US [...]

I was on Schwab TV Wednesday discussing the economy, the Fed and the impact on portfolios going forward. Summary: The market got ahead of itself with the "soft landing" narrative when, in reality, the Fed [...]

Here's an interview I did with Oliver Renick on the Schwab Network from Wednesday discussing the macro outlook and the risks in the coming 12 months. My baseline assumption is that growth will continue to [...]

1) Why the high inflation reading is good news. I was on Schwab Network earlier this week discussing why, despite a few upside surprises, inflation is still in a downtrend. This sounds a bit counterintuitive, [...]

Here's my full interview from Wednesday following the big Fed decision on interest rates. The summary: The market seemed surprised by the Fed decision and especially the commentary that the Fed would not be cutting [...]

The Fed has raised rates at an unprecedented pace in the last 18 months. And while it seems like they’ve been raising rates for a long time the reality is that they were playing catch [...]