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....
Good luck, Mr. Warsh

Good luck, Mr. Warsh

June 22, 2026 Kevin Warsh, the new Federal Reserve Chair, has a tough road ahead. Before he took over, Warsh’s predecessor Jerome Powell oversaw his final meeting and there were four dissenting votes. The last and only time there were four dissenting votes was October...
Seeking Safety Can Mean Missing the Biggest Gains

Seeking Safety Can Mean Missing the Biggest Gains

June 8, 2026 While markets have made all-time highs this year, you may think we’re near the top and it’s time to pull back. But you can’t time the market. Many kinds of markets cycles occur for long-term investors. When there’s intense market volatility, the urge to...
The Case for Doing Nothing

The Case for Doing Nothing

Often, the most profound act an investor can perform is nothing at all. Examining nearly a century of data, the case for a long-term buy and hold strategy is undeniable. So today, I’ll give you four reasons why the boring path of staying invested is consistently...
Lower Sentiment, Higher Loans a Worrying Sign

Lower Sentiment, Higher Loans a Worrying Sign

Monday, May 11, 2026 Recent stock market moves don’t make a lot of sense from a macro standpoint. Stocks are hitting all-time highs despite oil prices soaring. The U.S. consumer sentiment index from the University of Michigan, with data going back to 1952, has never...