While systematic investing often relies on models and financial data, Pozharny emphasizes that Bridgeway’s process is differentiated by its acknowledgment of unknowns and its method for adjusting ratings based on external events. The team grades stocks on a scale from A to F, with adjustments made when externalities—such as leadership changes, regulatory shifts, or geopolitical risks—threaten to undermine model assumptions.
As the first quarter comes to a close, there is one word that has become the new go-to term to describe the investment backdrop: uncertainty.
Portfolio Managers John Kerschner, Nick Childs, and Jessica Shill discuss the AAA CLO ETF landscape and highlight the most important considerations for investors.
When you grow up with a father who worked in the brokerage business, you hear a lot of stories.
VettaFi examines free cash flow yields for midstream MLPs and corporations using 2025 estimates and compares with energy and the S&P 500.
Investing requires more than just understanding global markets. Geopolitical risk matters, from China to Russia to Europe and more.
Total assets held by actively run ETFs in the US have hit the $1 trillion milestone, as investors sink cash into a new generation of strategies — shaking up the passive reputation of this booming corner of money management.
Junk bonds don’t seem quite so junky anymore. US investors are piling into an asset class that has grown a little safer in recent years, and in recent weeks has drawn investors seeking a safe harbor from market turbulence.
Former Treasury Secretary Janet Yellen is joining Pacific Investment Management Co.’s global advisory board, along with former Governor of the Reserve Bank of India Raghuram Rajan.
OpenAI expects to more than triple its revenue this year to $12.7 billion, fueled by the strength of its paid artificial intelligence software, according to a person familiar with the matter.
Discord Inc., a social communications platform popular with video-game players and programmers, is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. on an initial public offering, according to people familiar with the matter.
While we sympathize with consumers who have had difficult interactions with the healthcare system, we believe that much of the antipathy toward health insurers is misplaced. Their role as middlemen is a vital and increasingly important one in a U.S. healthcare system that struggles to balance between the incentives of providers and consumers.
When dealing with digital assets it’s important to keep records and consult a tax professional. Our Bill Cass explains the taxation rules around cryptocurrency.
The canal is a vital and valuable trade route.
Since May 2020, inflation (CPI) has gone from a low of 0.1% to a high of 9.1% and back to 2.8%. It is no wonder why any investor might at least pause in this period of uncertainty.
The global economy is undergoing an unprecedented wave of industrial and infrastructure expansion, driving relentless demand for commodities across energy, metals and agriculture.
Over the last couple of weeks, the market sell-off eclipsed 10% on an intraday basis, sending investor sentiment plummeting to levels usually seen during more significant declines and previous bear markets.
The parallels between the AI narrative driving the current market and the dot-com bubble of a quarter century ago raise important concerns for investors.
For taxable investors with sizable gains in their brokerage accounts, the decision when to realize that capital gain is intensely personal—depending of course on individual circumstances, while also factoring in market return expectations and the prevailing tax structure.
Changing market narratives in the third quarter led to ongoing market volatility.
Inflation uncertainty makes it tricky to foresee the Fed's next moves. In moments like these, it may be time to turn to active fixed income.
The Chicago Fed's National Activity Index is a monthly indicator designed to gauge overall economic activity and related inflationary pressure. It is a composite of 85 monthly indicators across four broad categories. The CFNAI is a forward-looking indicator that suggests how the economy will likely look in the near term and has been called one of the "most important and overlooked economic numbers". The index is constructed so a zero value for the index indicates that the national economy is expanding at its historical trend (average) rate of growth. Negative values indicate below-average growth, and positive values indicate above-average growth.
Margin debt is the amount of money an investor borrows from their broker via a margin account. Trading with a margin debt can magnify gains because an investor can benefit from the upside of any stock without having to invest 100%, resulting in greater profit. On the flip side, trading with margin debt can also exacerbate losses because if a stock's value were to depreciate, the investor may face a margin call and would need to come up with additional cash to reach the minimum requirement.
BlackRock Inc., fresh off a $28 billion deal spree to transform into a major player in alternative assets, is integrating complex private investments into its ready-made portfolios for individuals.
When a testimonial is shared in a compliant manner, it remains entirely in the client’s own words – free from advisor influence – making it one of the most transparent and credible marketing tools available.
The Federal Reserve has raised some questions with its recent decision to slow the pace at which it’s shrinking its more-than-$4-trillion pile of Treasury securities.
Fort Knox, home to much of the nation’s gold reserves, doesn’t get many visitors. That may soon change: President Donald Trump and his sidekick, Elon Musk, claim there’s a chance someone has stolen the shiny stuff. They want to visit and see it with their own eyes.
Amazon.com Inc. shares are starting to look like a bargain, a word that has rarely been used to describe the stock.
Electronic market makers like Citadel Securities LLC and Jane Street Group have been gobbling up market share from investment bank rivals, but to really get ahead they’ll need a helping hand. They might be about to get it from a surprising source: Some of those same banks.
The truth is, if you’re having to follow up with your prospect, you’ve already lost them. The sale was over at “hello.”
Last year was a record for S&P 500® stock buybacks, led by the now “Lag 7” companies, though the SPX buyback yield dropped to a 2-year low.
In 2024, the S&P 500 delivered a total return of 25%, while gold finished the year up 27%. This marks the first time in recent financial history in which gold and stocks achieved gains exceeding 25% within the same calendar year.
Without a robust regulatory framework that incentivizes stablecoin issuers to register in the United States, stablecoin activity will migrate to countries with weaker rules, increasing the likelihood of financial instability. Fortunately, the US can still head off these risks and reap the technology’s benefits.
This week, and according to many, Federal Reserve (Fed) officials jumped onto the uncertainty bandwagon, along with consumers and businesses, waiting for more policy clarity from the Trump administration.
The time is right to let the Fed's balance sheet level off.
Last week, I had the pleasure of presenting at a Commonwealth conference. I love spending time and sharing ideas with our advisors. They are the best in the business.
As policy uncertainty grows, we consider how tariffs and other government actions might impact inflation, interest rates, and market sentiment.
Morale has taken a quick turn for the worse since the middle of February.
The stock market sell-off appears to be signaling a recession. However, we believe the bond market disagrees.
Life’s challenges often force us to become more present, to experience each moment fully. In doing so, I discovered the importance of celebrating small victories – not just the major milestones, but the everyday wins that mark progress.
ETF Prime Host Nate Geraci is joined by Bloomberg’s Eric Balchunas, along with VettaFi’s Cinthia Murphy and Todd Rosenbluth, to spotlight the year’s most anticipated ETF event and discuss the industry’s hottest trends.
I suspect many people yawned when the popular online brokerage Robinhood Markets Inc. announced it will offer sports and other prediction market derivatives, starting with betting on the NCAA March Madness basketball games.
The Securities and Exchange Commission and the Commodity Futures Trading Commission are expecting new leadership put in place by the Trump administration to usher in different enforcement priorities and a shift in how firms and individuals pay fines.
The $5 trillion industry is embarking on a campaign to change the way taxes for indebted businesses are tallied. Leading lobbyists want to tack two letters — DA — back to an earnings formula used to help calculate tax deductions, a change potentially worth billions.
The US economy looks set to disappoint this quarter. A number of economists have lowered their forecast for growth in real gross domestic product due to a widening trade deficit and sluggish consumer spending. An uncertain trade war and tepid labor demand have also clouded the outlook for the rest of 2025. Conflating the two would be a mistake, though.
Recently I have realized that cryptocurrency might be something even bigger and stranger than currency. It is not just digital money; it’s a bet on the huge global demand for financial autonomy.
Investors under 40 have little interest in reaching out to humans for financial advice. Rather than collaborating directly with a professional, many investors under 40 prefer a do it yourself (DIY) method that enables them to find stock market information online.
In today’s hyper-competitive environment, delivering an institutional-caliber portfolio isn’t just table stakes – it’s a fiduciary mandate that exceeds the scope of an individual advisor. Here is a checklist to help advisors evaluate whether their current approaches align with institutional best practices.
Though you may not agree with my view on all seven of these terms, it may be beneficial for you and your clients to at least consider them.
The world is a risky place, and high-yield debt spreads to safe US Treasury securities are close to historic levels of stinginess, signaling complacency in markets — at least on the surface. But legendary investor Howard Marks says that’s the wrong way to look at it and long-term investors should consider allocations to credit.
