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 funds — the Defined Duration [...]
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 want to read that please [...]
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 national debt and the day [...]
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 is far from being able [...]
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 moderate in the 2-3% RGDP [...]
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, but the upside surprises are [...]
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 rates in March. This is [...]
Is there a chance that the market has gotten way ahead of the Federal Reserve? Will core inflation continue to linger in 2024? Cullen Roche expects interest rate volatility, even with continued stabilization. The U.S. consumer seems to be incredibly [...]
Cullen Roche joined Oliver Renick on the Schwab Network to discuss the future of inflation. He notes that inflation is lower than the Fed thinks highlighting the CPI ex-shelter component, which is now down to just 1.5%. Meanwhile, the shelter [...]
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 up for those first 12 [...]