Many of you are Fed watchers, by nature of your jobs in finance, but the vast majority of Americans know little about the Fed, its role in the economy, or the impact of its balance sheet. Everyone in ...

Year to date, I discovered the worst performing sector was Energy, up just 0.37%. The runner up was Consumer Staples, up just ...

I’m excited to share that we’re relaunching my Global Macro Update podcast. From today, you can expect it on a consistent weekly basis. We’re living through an extraordinary time. The global economy, ...

Small-cap stocks have been the market’s forgotten stepchild for over two decades. While investors have been mesmerized by the Magnificent Seven and mega-cap technology stocks, small caps have ...

Most brokers make it easy to reinvest your dividends. It’s usually as simple as clicking a box when you open the trade, or in ...

Two weeks ago, I opened this letter by noting the election uncertainty, once over, would give way to a different uncertainty about what comes next. That’s where we are now. I fully expected a closer ...

Good news: Tariffs will not make the world end. American businesses will do what they do best, which is adapt. While the probability of a recession has increased, we always get through it and the best ...

Today we continue our study of the historical cycles suggesting a major crisis is in our near-term (5‒8 years) future. We don’t know the precise timing or nature of the crisis, but the patterns ...

No one wants to be a party pooper. It drives away friends and makes you generally unpopular. But if you are a monetary policymaker, ending the party before it gets too wild is quite literally your job ...

We like to say markets don’t lie. That may be so, but they can certainly send mixed signals. It happened last week when President Trump announced tariff rates on several important trade partners not ...