What Is “Safe” Depends on When You Need the Money
I rarely share other people’s charts in these posts. This one is too good not to share. Chart source: Cullen Roche, Discipline Funds 07.15.2026 Ask most...
Return of Capital: The Good, the Bad, the Misunderstood
Not every dollar an investment pays out is income. And not every dollar is taxed the same (or, in some cases, taxed at all). Return of capital (RoC) does not change what an...
The Market in Pictures, July 17
Our team looks at a lot of research throughout the day. Here are a handful of charts we think are good summations of investor activity, from asset convergence and divergence...
Are We Hitting an Inflation Trifecta?
Every so often, you see a shift in the data that lines up with a transitional moment; this week’s developments could be that moment. We just had three instances that could...
Trump Accounts: The Power of the Last Doubling
On July 4, a new kind of account opened for business. Trump Accounts, created by the 2025 reconciliation law, are tax-deferred investment accounts for children. Kids born...
The Market in Pictures, July 10
Our team looks at a lot of research throughout the day. Here are a handful of charts we think are good summations of investor activity, from a historic rally with improving...
Rearview to Windshield, July 2026
Equity Recap – The First Half of 2026 Has Been a Lesson in Resilience, But Not Stability: S&P 500 Has Best Quarter Since 2020, and NASDAQ Has Second Best Since 2001:...
The Market in Pictures, July 2
Our team looks at a lot of research throughout the day. Here are a handful of charts we think are good summations of investor activity, from Q2 standouts to sector...
Gross vs. Take-Home: What a Bond Actually Pays After Tax
You don’t earn your gross salary. The number on the offer letter and the number in your bank account are two different figures, and everyone understands the gap. Withholding...
The Market in Pictures, June 26
Our team reviews a vast amount of research and market data each week to isolate the signals that matter most. This week’s selection steps back to examine a market broadening...
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