On the heels of arranging a record $85 billion equity-raise for Alphabet Inc., Goldman Sachs Group Inc. has scored a lesser-known victory for the tech giant in the municipal bond market.
The IPO market is bubbling with excitement. The headlines surrounding the IPOs are hyperbolic, banker fees are enormous, and social media is teeming with bullish sentiment on how high the new shares may trade after going public. While that is all great for clickbait, nobody is asking the most important question. Where will the money come from?
This is the underlying question in several books and articles that have been published recently, most notably Kenneth Rogoff’s “Our Dollar, Your Problem,” and Barry Eichengreen’s “Money Beyond Borders: Global Currencies from Croesus to Crypto” — the latter of which is the subject of this review.
Dr Frank Sortino passed away last month. He was 94. Frank was a good friend of mine. Frank earned the name Dr. Downside for redefining risk as a measure of not achieving your objectives, which led to the fairly famous Sortino Ratio.
Treasuries advanced as investors dialed back expectations for Federal Reserve interest-rate hikes following news of a deal to halt the Iran war.
SpaceX shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.
The US insurance industry recently joined the fossil-fuel industry in its fight to avoid being sued over the damage oil, gas and coal emissions have done to the planet. Given that insurers are supposedly among the world’s biggest sufferers of those same climate-fueled losses, this was a perplexing choice — until you think about why Big Insurance and Big Oil might be on the same team.
There are two processes that we cannot escape: aging and math. This applies not only to human beings but also to large government social-insurance programs.
Builder confidence edged lower in June as ongoing affordability challenges continue to affect the housing market. The National Association of Home Builders (NAHB) Housing Market Index (HMI) fell 2 points from May to 35 this month, marking the 26th consecutive negative reading.
VettaFi’s core mission is to provide the index and distribution solutions that help asset managers build, grow, and navigate the markets with precision. Last week we took a massive, transformational step forward. TMX VettaFi signed a definitive agreement to acquire RAFI Indices from Research Affiliates, the undisputed pioneer of fundamental indexing and smart beta strategies.
Industrial production rose less than expected in May, increasing 0.1% after a 0.9% jump in April. This was lower than the expected 0.3% growth and marks a 1.7% increase compared to one year ago.
Manufacturing activity rose modestly in New York State, according to the Empire State Manufacturing June survey. The diffusion index for General Business Conditions remained positive but dropped 13.9 points to 5.7, falling short of the 13.2 forecast.
Chris Galipeau discusses high-conviction insights that go beyond media headlines.
This week’s inflation data highlights a growing disconnect between how markets interpret inflation and how consumers experience it. The May Consumer Price Index (CPI) report delivered a nuanced message: While headline inflation accelerated, core inflation remained relatively contained, an outcome that provides some comfort to policymakers.
Given all the interest and hype over the SpaceX IPO, many advisors and investors have been increasingly gravitating towards thematic ETFs that focus on the space industry. Given that the SpaceX IPO is the largest IPO in history, this should not come as a surprise to anyone.
The K-shaped economy has become shorthand for a tidy story. The rich pull away while everyone else falls behind. It fits the mood, and it makes for a sharp headline. The problem is that it’s mostly wrong.
GMO has posted a new 7-Year asset class forecast as of May 31, 2026.
Recent economic data continues to point to a resilient U.S. economy. The unemployment rate held steady at 4.3% in May, while payrolls increased by 172,000 jobs. Hiring remained strongest in leisure and hospitality, though there were also encouraging signs from more cyclical areas of the economy.
During this time of year, we like to take stock of what happened in the first half of the year and compare it with the expectations we had at the beginning of the year when we published our full-year outlooks.
The U.S. economy faced intensifying headwinds in May as both consumer and wholesale inflation metrics surged to multi-year highs.
Discover how Capital Group’s active CGGR ETF navigates this mega-cap divergence to uncover secular growth beyond tech.
Despite everything we have seen in the economic data, which can be confusing, the US consumer has refused to crack. My friend Dr. Ed Yardeni, whom I have known since '98, has the most compelling explanation I have heard for why.
High-speed railway Brightline West has signed new contracts to lay tracks and systems for its high-speed railway, according to an email seen by Bloomberg, signaling progress for a project whose municipal bonds have traded at steep discounts since last year.
The current economic downturn is best described as hybrid and structurally driven. It leans heavily on demand constraints, though it is triggered and complicated by ongoing supply shocks.
New York City’s pension system said it’s seeking bids for roughly $92 billion of stock index-tracking funds now overseen by BlackRock Inc. and State Street Investment Management.
What do you do if you have a standard that’s not being met? Move the goalposts! Of course, you could work harder to meet the goal. But that’s hard. So, why not just change the standard and make it easier to meet?
Companies are also looking for ways to cut workers’ costs by offering plans that charge workers less but restrict them to a narrower group of providers.
The S&P 500 shook off a rocky start to the week, rallying in the back half to secure a 0.6% weekly gain. The turnaround was anchored by a massive 1.8% surge on Thursday, which marked the index's best single-day performance in over two months.
The yield on the 10-year note finished June 12, 2026 at 4.48% while the 2-year note ended at 4.09%.
Join the experts at MassMutual Strategic Distributors for an educational webcast exploring income riders and how to evaluation variable annuities beyond surface level features so you can match the right rider to each client’s investor profile and retirement goals.
Goldman Sachs and Innovator panelists say buffer ETFs can help advisors move cash-shy clients into stocks with built-in downside limits.
Consumer sentiment improved for the first time in four months but remains historically low amid ongoing inflation concerns. The preliminary June reading for the University of Michigan Consumer Sentiment Index came in at 48.9 marking a 9% (4.1 points) increase from April and beating the expected reading of 46.1.
In this video, Chuck Carnevale responds to a viewer's question about building a retirement income portfolio for a 63-year-old investor. Rather than recommending specific stocks, Chuck focuses on the process he uses to identify high-quality income investments using the principles of value investing and the FAST Graphs platform.
VettaFi today announced it has signed a definitive agreement to acquire RAFI Indices, the renowned pioneer in fundamental indexing, from Research Affiliates.
SpaceX made history with a $75 billion IPO that instantly turned it into one of the biggest public companies in the world. Now it has to win over the market.
US stocks opened with a small gain on Friday, supported by optimism about pending trading in SpaceX, which made history with the biggest-ever IPO, and the potential for an interim peace deal in the Iran conflict.
There’s a memorial to Paul the octopus at the Sea Life Centre in Oberhausen after the cephalopod seer earned worldwide fame by correctly predicting the outcome of all Germany’s seven games at the 2010 World Cup
That’s SpaceX out of the way. Next, investors will have to absorb the artificial-intelligence titans behind the Claude and ChatGPT chatbots, Anthropic PBC and OpenAI.
The ETF industry has reached a historic turning point. Vanguard has officially surpassed BlackRock’s iShares to become the largest ETF provider. The milestone underscores a broader structural shift among investors prioritizing low-cost investments in portfolio allocations.
At a time when the cost of living is rising and market volatility appears to be rising, too, investors may be looking for current income to bolster their portfolios. Current income can especially help investors at or near retirement to adapt to retired life.
JPMorgan Chase & Co.’s public finance department hired a Goldman Sachs Group Inc. banker to specialize in prepay energy deals, marking a major hire for the team as the firm ramps up its work in the sector.
The word seems to be spreading that small- and micro-cap stocks have so far been enjoying a stellar 2026. What seems less well known is that the current cycle of market leadership for the two asset classes stretches back to 2025 and has been in place for 14 months.
Dispersion continues to be the definitive story of 2026. As we progress through June and approach the conclusion of the first half of the year, the equity landscape remains distinctly bifurcated. Pockets of deep structural growth stand in contrast to areas grappling with macro headwinds.
In this month’s Allocation Views, strong corporate fundamentals and resilient growth fuel our continued optimism toward equities into June, despite persistent inflation and more restrictive monetary policy.
In addition to a greater range of chips supporting AI development, several factors could cause the current cycle to last longer than expected.
While owning a significant amount of a successful stock can be incredibly lucrative – especially in a company on the rise – the more you own of a single equity, the more closely your personal financial fate is tied to its performance.
For many investors, wealth management still feels segmented. Investments are handled in one meeting, taxes in another, estate planning somewhere else, and major life decisions often happen independently of all three.
Since early 2025, value stocks have enjoyed a strong run, defying market volatility driven by trade tensions, geopolitical stress and macroeconomic uncertainty. That resilience may seem counterintuitive given value’s historically cyclical profile. Yet, we believe the underlying characteristics of value stocks are proving particularly well suited to today’s evolving market landscape.
For many registered investment advisors (RIAs), success has traditionally been measured in assets under management (AUM). As the industry evolves and consolidation accelerates, a broader question is emerging: are you building a practice or an enterprise?
Silver's chart also weakened substantially, although the metal remains near important longer-term support levels and has not yet confirmed the same degree of structural breakdown seen in gold.
