Artificial Intelligence (AI) has the potential to be a transformative technology that impacts how we all live and do business. With some creativity, and time for current offerings to improve, it is not difficult to imagine how in the future these sys
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After a slow couple of years, the mergers and acquisitions (M&A) market is finally picking up momentum. According to Pitchbook, the total number of deals for the first three quarters of 2025 increased by 13% compared to the same period last year.
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The Federal Reserve’s (Fed) balance sheet runoff — commonly referred to as quantitative tightening (QT) — is set to conclude on December 1. Since initiating QT, the Fed has reduced its balance sheet by over $2 trillion, largely thro
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What Has Separated Winning Stocks From Losing Stocks in Recent Periods?
In a word, risk. High-risk stocks have been in favor with investors in recent periods. One way to measure risk is with market beta, a statistic that indicates how
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The equity market has shown remarkable resilience over the past two weeks despite rising U.S.-China trade tensions, a spike in equity market volatility, and growing credit concerns tied to business development company (BDC) and regional bank lending
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While markets have been focused on the expected trajectory of short-term interest rates through Federal Reserve (Fed) rate cut expectations, the Fed’s balance sheet has recently come into focus as well. In his speech last week, Fed Chair Jerome
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With the third quarter (Q3) behind us, we decided to conduct a deep dive into the key factors that shaped Q3 performance. Below, we’ve highlighted what we believe to be 10 of the key takeaways.
It appears the federal government is shutting down today, October 1, as Congress has failed to agree on funding legislation for the upcoming federal fiscal year. If the shutdown occurs, it will be the first one since 2019 and the 21st since 1976.
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Despite a weaker end to the month, the equity market “melt-up” successfully navigated what has historically been a tricky month for equities, as represented by the S&P 500 in September (average returns -0.61%), closing out the month (
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We believe that carefully selected active Exchange-Traded Funds (ETFs) may provide benefits to investor portfolios. Actively-managed ETFs have proliferated in recent years and appear to be in demand by investors. Here we discuss three common reasons
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