Investments
Beware! Your Old Mutual Funds Are About to Pay Capital Gains
The holidays are here, and so is the gift that keeps on giving. Traditional mutual funds have enjoyed three strong years of equity market returns and an even longer period of consistent outflows. Taken together, that is a recipe — as good as grandma’s pumpkin pie — for another banner year for capital gains distributions. …
Grant Engelbart
December 9, 2025
Inflation Eases Enough, Giving the Fed Room to Cut
It’s been a while since we got any macroeconomic data thanks to the government shutdown. The most recent official payroll report for September was released a couple of weeks ago, and it showed that the unemployment rate continues to move higher, hitting 4.44% in September. While other data, like initial claims for unemployment benefits, points …
Sonu Varghese
December 8, 2025
The Magnificent 7 Has A New Look – Broadcom’s Banner Year
Investors referring to the ‘Magnificent 7’ ought to update their rolodex. Broadcom has quietly become the seventh largest stock in the S&P 500, surpassing Tesla. Perhaps ‘Elite 8’ is a better title for these stocks. Broadcom has marched higher this year, registering the second-best year to date stock price gain amongst the largest stocks in …
Blake Anderson
December 5, 2025
A Strong Year Driven by Profits, More Than Overcoming Any Drag From Tariffs
The S&P 500 gained 17.8% over the last 11 months, including dividends. The November return of 0.1% was its 7th straight month of gains, and the index is now just 1% off its all-time highs. While the index was near flat for the month of November, next 12-month earnings rose another 2%, which meant earnings …
Sonu Varghese
December 3, 2025
Back to December
In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, dive into the sharp late-November market swings, why December historically favors gains, and how shifting Fed expectations have driven sentiment. They break down sector rotation, the surprising divergence between crypto and junk tech, the return …
Ryan Detrick
December 3, 2025
Seven Reasons December Should Be a Strong Month for Stocks
“I go back to December all the time.” Taylor Swift from her song Back to December I’m going to sound like an old guy, but can you believe it is December already!? Last week saw one of the best weeks of the year for stocks, as it was your typical late November seasonal strength. The …
Ryan Detrick
December 2, 2025
The Growing (and Evolving) Use of AI
The use of artificial intelligence in modern workplaces is growing and evolving. Two recent studies – McKinsey’s ‘The state of AI in 2025’ and Perplexity’s ‘Perplexity at Work’ – offer some insights into both trends and help illustrate the breadth of AI adoption. AI Has Become an Imperative The use of AI in the workplace …
Blake Anderson
December 1, 2025
The Toll We Pay To Invest
First off, happy day before Thanksgiving! We hope everyone has a fun day with family, turkey, naps, and football. My Bengals are on in the evening, so odds are they’ll ruin my day, but we’ll see. Now let’s get to it. After a 38% rally in about six and a half months, the S&P 500 …
Ryan Detrick
November 26, 2025
Talking Macro and Charts with Jurrien Timmer
In the latest episode of Facts vs Feelings, hosts Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, sit down with Jurrien Timmer, Fidelity’s Director of Global Macro, to break down the current cyclical and secular bull markets, how AI compares to past transformative periods, what rising rates have meant for valuations, …
Ryan Detrick
November 26, 2025
Six (Or Seven) Reasons to Be Thankful as Investors
“Being diversified is always having to say you are sorry.” Old investment axiom One of the bigger mysteries of 2025 is what exactly is with the whole “six seven” thing all the kids keep saying? I have kids and I hear it all the time, but I’ll admit, I still don’t understand it and …
Ryan Detrick
November 25, 2025
Getting Big by Selling Slim – Eli Lilly’s Rise to $1 Trillion
Eli Lilly’s market cap eclipsed $1 trillion in Friday’s trading session (according to FactSet data). They became the first healthcare company to achieve this milestone. The simple explanation for how this company joined the four-comma club is ‘diversified growth’ as a product of research and development. The company has cultivated numerous blockbuster drugs culminating with …
Blake Anderson
November 24, 2025
Thinking About 2026
“There was a statistician and he put his feet in a bucket of ice and head in the oven. When asked how he felt he answered ‘pretty good on average’.” Old statistics joke Yes, 2025 isn’t over yet, but that doesn’t mean we shouldn’t start thinking about 2026. In fact, we are actively writing and …
Ryan Detrick
November 21, 2025