Harry McDonald
An Impossible Choice For the Fed?
Interest rates are the price of money. They touch everything: your mortgage payment, the cost of a new car, how much the government pays to service its debt, and how investors value every stock in their portfolio. And right now, the Federal Reserve is staring at a set of circumstances that makes its job harder …
Harry McDonald
April 8, 2026
Happy Opening Day!
The smell of fresh-cut grass. The crack of a bat. The entirely unjustifiable $14 hot dog you talked yourself into before the third inning even started. Opening Day is here, and baseball is back. For the baseball faithful, Opening Day is the single most optimistic day of the calendar year. Every team is tied for …
Harry McDonald
March 26, 2026
The 60/40 Portfolio: A Historical Powerhouse or a Rate-Dependent Misinterpretation?
In the world of portfolio construction, the classic 60/40 split, 60% equities and 40% bonds, has long been hailed as a balanced approach to weathering market storms. It’s like the reliable minivan of investing: not flashy, but designed to get you through various terrains with a mix of growth potential and stability. But what if …
Harry McDonald
March 11, 2026