Investment Wisdom Maybe Not So Wise

Investment Wisdom Maybe Not So Wise

Monday, October 19, 2026 The 60-40 portfolio, which for a long time has been a “set it and forget it” way to generate long-term wealth, is kind of dead. Well, the 40 side of it is hurting at least. Traditionally, a “60-40” investment portfolio has 60% of its holdings...
History Happens Again and Again

History Happens Again and Again

Monday, October 12, 2026 I don’t know who said it, but I love this quote: “There are decades when nothing happens, and then there are weeks when decades happen.” I love it because it focuses on how quickly meaningful moments unfold. For instance, on Oct.19, 1987, the...
A Higher-For-Longer Situation

A Higher-For-Longer Situation

Monday, October 5, 2026 Here’s some good news – federal tax revenues keep increasing. But there’s bad news too. Spending is increasing faster than the revenue. The U.S. collected a record $5.23 trillion in tax revenue in fiscal 2025, which was an increase of 6.4% from...
A Dividend Just Isn’t What It Used to Be

A Dividend Just Isn’t What It Used to Be

Monday, September 28, 2026 Over the years, stock dividends seem to have taken a back seat to other forms of returning capital to shareholders, like buybacks. Well on top of that, now stock dividends can no longer compete with Treasury bonds. In July 2016, 63.4% of...
A Stretched Consumer is Showing Up in the Data

A Stretched Consumer is Showing Up in the Data

Monday, September 21, 2026 When it comes to consumer spending, which drives the majority of the U.S. economy, many American consumers are tapping the brakes. July retail sales fell 0.6% to $763 billion. That figure was the steepest monthly drop since May of last year....
The Elephants in the Room

The Elephants in the Room

Monday, September 14, 2026 The federal government’s share of the economy is the largest it’s been in 75 years. So far in the 2020s, federal spending has averaged 26% of gross domestic product, which is the value of everything the country produces in one year....