It’s not often that I receive more client questions about bonds than stocks, but that has certainly been the case the past few weeks. Interest rates (and their relationship to bonds) has been the hot topic! Let’s look at a few things that have been discussed. Remind me the relationship between rates and bond prices? […]

US Federal Reserve Chairman Kevin Warsh is set to deliver a speech at the Kansas City Fed’s annual research symposium in Jackson Hole, WY on Friday 8.28. Over the years, market participants have been glued to this mountain town as this symposium always seems to come at an important time for markets. This year is no […]

I’ve always been a huge fan of Ted Lasso (the hit show on Apple TV). It recently returned for its Fourth Season and throughout 2026, I decided to rewatch the first three seasons to refresh my memory as it had been a few years. The show was even better the second time around as I […]

Last week, the Wall Street Journal published an article noting that Money Market Fund balances have rose to record levels – over $3 trillion (a staggering total that does not include several trillion more held by institutional investors like mutual funds). A client asked about the article and more specifically, what is the problem with […]

The Federal Reserve has a dual mandate – keep prices stable (ie: fight inflation) and maintain full employment (ie: stabilize the labor market). In the past week, we received reports on both of these fronts. Last Friday, the July jobs report was released. Surprisingly, the US economy reported a loss of 23,000 in July. Expectations […]

Admittedly, there are many parts of investing that don’t always make a lot of sense. One of those things is a subject of this week’s client question – price targets. A client brought this question up after reading an article earlier this week that noted JP Morgan was the latest financial firm to raise their […]

Trump Accounts, another savings vehicle available to Americans, is now up and running and ready for use. Given its political tenor, many have steered clear or are confused as to its purpose. A client asked about them this week and as with anything available to investors, it’s worth understanding better before moving forward According to […]

Q2 2026 GDP Late last week, the US Bureau of Economic Analysis issued an advance reading of US Gross Domestic Product for Q2 2026. GDP rose 1.5% in the quarter, down from 2.1% in Q1 (which had also been the Q2 forecasted amount). As you may recall from prior writings, the formula for GDP is: […]

The Federal Reserve Bank made their rate announcement on Wednesday of this week. The group was divided, with the majority voting to leave rates unchanged (3.5-3.75%) but with three members dissenting and voting to hike rates. Fed Chairman Warsh noted the group had a healthy debate but in the end, they voted to hold rates […]

When talking with a client last week about equity markets and their recent price action, I brought up the topic of free cash flow. It warranted added discussion then and I figured it would make a good client question post as well. Free cash flow is the cash left over after a company pays for […]