Cryptocurrencies

In an environment marked by the Fed’s first rate hike in three years and ongoing market uncertainty, income-focused investors face a unique dilemma. While cash alternatives offer attractive yields in the short-term horizon, they leave portfolios vulnerable to reinvestment risk should the

As ETF strategies continue to expand into new asset classes and structures, the SEC has been taking a closer look at how some of these products fit within existing regulations.

One of my favorite movies was the Coen Brothers movie, No Country for Old Men. It is the story of a guy who makes off with $2 million stolen by someone else. The ‘someone else’ is a super mean guy with a powerful blow gun. They are both being chased by a policeman. It was the best picture of 2007 and won four Oscars.

The recent global bond sell-off may be more than a temporary repricing. Rising government debt, persistent inflation risks and shifting economic expectations could keep longer-term yields elevated relative to the post-financial-crisis era.

ETFs are increasingly breaking down the wall between public and private markets. Asset managers are finding ways to “ETF-ize” private equity and pre-IPO holdings — giving retail investors liquid, fractional access to growth opportunities historically restricted to institutional and accredited buyers. As companies stay private longer, the most explosive growth phases of high-profile startups often occur off public exchanges.

Single-stock leveraged ETFs were unusual when they first arrived in the U.S. market just four years ago. Today, it might be hard to find a stock without one. Issuers are aggressively pushing beyond megacap tech into niche equities, pre-IPO registrations, and even experimenting with leverage levels and frequency.

Last week, the refining margin on European gasoil, the benchmark that sets the price of diesel and heating oil across much of the world, closed at roughly $94 a barrel over Brent crude, according to Bloomberg data. That figure is normally somewhere between $12 and $18.

If you’re planning on driving anywhere this Labor Day weekend, be prepared to pay the highest gas prices ever for this time of year. The national average hit $4.14 per gallon on Thursday, an approximately 30% increase from last year, according to AAA.

The U.S. ETF market reached $16.4 trillion in AUM in August 2026, driven by record product launches and a defensive shift to Treasuries.

It’s back-to-school season, and the ETF market is closing out a summer that proved anything but slow. August brought $180 billion in fresh net ETF asset inflows and saw the number of new ETFs coming to market cross 1,000 for the year. August also saw a barbell strategy against macro risks become a popular approach with ETF investors.

August was a good month in financial markets, with the S&P 500 up around 2.7%. The market leaders came from the commodity complex, with gold and bitcoin (not sure how this should be classified) being the two top performers.

San Antonio has been my adopted home for close to 40 years now. I’ve watched it grow through more than one boom cycle, but recent Redfin data suggests we could be looking at a bust.

Investors who focus only on tomorrow’s gold price may miss the larger purpose of owning precious metals. Gold and silver are not merely vehicles for chasing a rally. They are tools for preserving purchasing power during periods of fiscal and monetary instability.

The bond market rarely dominates the financial headlines. But with a light economic data release schedule and earnings season largely in the rearview mirror, the bond market took center stage last week.

On the back of the White House’s cryptocurrency confab, which brought together policymakers and leaders of the digital asset community, Bitcoin notched a double-digit gain over August 19-20 — a rally that pumped new life into the largest digital currency.

Morningstar's study, Mind the Gap 2026 reveals a 1.2% return gap. Learn how financial advisors can use automation to protect client wealth.

“Think Like An Investor” is chapter 1 of a 5-part series examining the narratives around “investing for the long run. Learning to think like an investor rather than a speculator is not a personality quirk or a matter of taste. It is the entire game, and the good news is that it is a skill you can actually build, starting today.

I’ve said it before, and I’ll say it again: it’s not the political party that matters, but the policies. Investors, I believe, are better served when they focus not on the partisan noise and headlines but the policies that bring about change.

Discover the top ETF launches of summer 2026, including new funds from iShares, Amplify, and Defiance targeting crypto, AI, and core equity.

Goldman Sachs Asset Management is continuing its aggressive expansion into active, high-yielding options strategies with a definitive agreement to acquire NEOS Investments. Similar to Innovator Capital Management, another recent acquisition, NEOS has established a firm leadership position in the ETF space.

Fifty-eight billion dollars. That’s what the Department of War just awarded Lockheed Martin for PAC-3 interceptors, the missiles that have been knocking Iranian ballistic missiles out of the sky for the past five months. It’s one of the largest munitions awards in U.S. history.

For three years, clients have asked the same question: “How do I get into SpaceX or OpenAI before the IPO?” That question just changed tense.

“Sound money,” in its purest form, is money whose supply a government cannot expand at will. Under a gold standard, every dollar is a claim on a fixed weight of gold. You can’t print gold. So the government can’t monetize its deficits, and the money supply grows only as fast as miners pull metal out of the ground, historically around 1.5% a year.

Morningstar research shows ETF investors gave up 1.2 points a year to poor timing, a gap advisors can help clients close through discipline.

Lately, it seems like you can’t open a financial publication without stumbling across another article declaring the 60/40 portfolio dead. The pitch is everywhere: bonds are broken, the old rules no longer apply, and investors should modernize by swapping the bonds in their portfolio for Bitcoin, gold, or whatever alternative the asset management industry is currently selling.

In January 1790, the House of Representatives put a simple question to its new Treasury Secretary: what should America make for itself? Alexander Hamilton took almost two years to answer.

The motivation for today's report comes from the growing number of articles warning about the possibility of an AI bubble. The truth is that nobody knows whether a bubble exists today in artificial intelligence or whether one may emerge in the future.

It’s becoming increasingly clear that tariff tensions between the United States and the rest of the world won’t be going away any time soon. Last Friday, the U.S. imposed a series of tariffs on 60 different trading partners, including China, Canada, and the European Union.

On July 28, Morgan Stanley launched two new spot crypto ETFs on NYSE Arca. The Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL) provide spot price exposure to underlying ethereum (ETH) and solana (SOL), alongside additional distributions from staking yields.

Brent crude crossed above $100 a barrel this week, all due to a 20-mile-wide stretch of water some 6,500 miles away from the U.S. Tanker traffic through the Strait of Hormuz—the Persian Gulf bottleneck that carried roughly a fifth of the world’s seaborne oil before the fighting started—has fallen to virtually zero.

It may seem premature to focus on the November US midterm elections. Polls will shift, economic data will evolve and unexpected events will reshape the political landscape in the months ahead.

AI continues to evolve. Early offerings in the 2010s around machine learning, natural language processing, and predictive analytics helped ignite the Big Data era and allow for the ingestion and processing of both structured and unstructured data at previously unimaginable speeds and volumes.

Whenever I speak at investment conferences, I like to point out that we invest in a number of publicly traded airports. I even list them: Spain’s Aena. Aeroports de Paris. Zurich Airport. Airports of Thailand. Two of the world’s largest operators, Grupo Aeroportuario del Sureste and Grupo Aeroportuario del Pacifico, trade in Mexico.

Every year in early July, we update our interactive Periodic Table of Commodities Returns to reflect the performance of raw materials in the first six months of the year. Maybe I’m biased, but I believe it’s one of the clearest snapshots of the commodities landscape you’ll find anywhere.

If you knew you were standing inside a stock market bubble, you wouldn’t be standing in it for long. You’d sell. So would I, and so would everyone reading this. And if spotting market bubbles was something everyone could do in real time, the bubble couldn’t form in the first place.

Central bankers expect de-dollarization to continue over the next several years, with gold and other currencies taking on a growing role in the global monetary system, according to a survey by the Official Monetary and Financial Institutions Forum (OMFIF).

The small-cap stock rally we highlighted back in April has continued over the past few months, driven by factors such as robust U.S. economic growth disproportionately benefiting smaller, domestically focused businesses and the AI capital spending boom spreading to smaller tech and energy companies.

For much of the last decade, investing felt relatively one dimensional. Falling inflation, near zero interest rates and abundant liquidity rewarded long duration growth assets, compressed dispersion and made passive exposure difficult to challenge.

The June jobs report underscored our thesis that while the labor market remains in the 'economic plus column,' some of the prior months' increases in new hiring seemed a bit too high.

Congress is in recess from June 30 through July 13 for the annual July 4 break, so it's relatively quiet in the nation's capital. But there is still plenty worth paying attention to.

Over the first half of 2026, markets faced some expected — and unexpected — tailwinds and headwinds, ranging from geopolitical developments, blockbuster corporate earnings, increasing artificial intelligence (AI) scrutiny, resilient economic data, and a new Federal Reserve (Fed) Chair.

Royce Investment Partners: In this second quarter recap, Francis Gannon discusses how US small-and micro-cap stocks have continued to lead the US equity market in a robust period for equities.

Fixed income transition costs are increasingly driven by what happens in credit markets. As credit trading becomes more efficient, the cost of transitioning fixed income portfolios is coming down, and how those transitions are executed is changing too.

Stocks staged a powerful recovery in Q2. The S&P 500 gained 15% and closed near record highs as oil round-tripped back to pre-conflict levels, AI enthusiasm returned, and the rally broadened well beyond the handful of names that led the market for three years.

Significant interest appears to be accumulating around capacity expansion in the market. The primary mechanism driving this activity may be a structural capital expenditure cycle (CapEx). One where a prevailing market dynamic could transform one company’s CapEx directly into another company’s revenue. .