Newsletter
There’s an assumption embedded in most portfolios that rarely gets questioned: Bond exposure should remain relatively stable. Investors rebalance equities. They shift sectors. They tactically rotate internationally. But when it comes to credit exposure, many simply set it and forget it. That assumption deserves scrutiny. Credit is not a
Weekly Signals
Three of four signals favor safety as the S&P 500 breaks further below its 200-day moving average. Gold's crash drives the lone Risk-On reading.
Newsletter
Here’s something I keep hearing from advisors who are growing faster than their peers: the edge isn’t coming from better stock picks or fancier financial plans. It’s coming from how they build portfolios. Not the 60/40 debate. Not alternatives for the sake of alternatives. I’m
Newsletter
There’s an assumption embedded in most portfolios that rarely gets questioned: Bond exposure should remain relatively stable. Investors rebalance equities. They shift sectors. They tactically rotate internationally. But when it comes to credit exposure, many simply set it and forget it. That assumption deserves scrutiny. Credit is not a
Closing Thoughts for the Week
When the central bank signals tolerance for pain and the war hits the world’s largest gas field in the same week, what exactly is the market pricing?
High Yield Spotlight
Energy Infrastructure Is Having Its Moment. The Question Is Whether TYG Is The Best Way To
Newsletter
Let me be direct: the old portfolio construction playbook isn’t cutting it anymore. Markets have changed. Client expectations have changed. The advisors who are winning right now aren’t the ones clinging to the same allocation frameworks from a decade ago — they’re the ones willing to rethink how
Global View
Five Central Banks Held, the Rotation Died, and Brent Hit $116
Global View
Gold’s $500 Crash, $119 Oil, and a Fed Frozen in Place
Macro Observations
Oil Priced in Yen Is the Real Tail Risk — and Japan’s Political Class Is Asleep at the Wheel
Weekly Signals
Three of four signals favor safety. The S&P 500 has broken its 200-day moving average — and the lone Risk-On reading is gold's crash, not improving fundamentals.
Newsletter
Jay Hatfield on why real inflation is already at 1.9%, the oil shock timeline, and where the S&P 500 is headed — TODAY at 1 PM ET