- Why is Consumer Sentiment so Low?↗ 2 Oct 2026
Consumer sentiment in the U.S. has hit historic lows despite strong economic fundamentals—stock markets at all-time highs, 4% unemployment, record household net worth. The piece explores why (inflation memory, housing costs, wealth inequality, politics, social media doom) while questioning whether a survey methodology shift to online polling may be inflating pessimism.
- Where is the Stock Market Volatility?↗ 1 Oct 2026
Why rising Treasury yields haven't triggered stock market volatility this year: earnings growth and economic strength matter more than rates alone, though a tipping point exists beyond which bonds become competitive enough to force equity rotation.
- Animal Spirits: Will Higher Rates Kill the Stock Market↗ 30 Sept 2026
A podcast episode featuring market commentary on diverging stock breadth, household wealth effects, and contradictory economic signals (record stock highs alongside elevated unemployment, high rates, and depressed consumer sentiment).
- A Brutal Bond Market↗ 29 Sept 2026
Bond markets have delivered their worst returns in modern history over the past 5-10 years, eroded by low starting yields, rapid rate increases, and high inflation. The silver lining: yields are now at 20-year highs, resetting return expectations favorably for long-term investors.
- Talk Your Book: The Next Generation of Income Strategies↗ 28 Sept 2026
A podcast episode discussing how ETF wrappers are modernizing the structured note market, including autocallable income strategies and stability notes as alternatives to leveraged ETFs.
- Strange Times↗ 27 Sept 2026
Markets are in a paradoxical state: strong economic growth, low unemployment, and record stock highs coexist with low consumer sentiment, elevated inflation, and rising rates that theory says should hurt equities. The author explores why traditional finance models are failing to predict outcomes.
- Most Stocks Are Losers↗ 25 Sept 2026
Analysis of S&P 500 concentration: just 35% of stocks outperform the index in 2026, with only 23% beating it over 10 years. Extreme dispersion between mega-cap winners and broad losers makes active stock-picking harder than ever; index funds dominate.
- Can You Be a Boglehead Tech Investor?↗ 24 Sept 2026
Public equity investors haven't missed out despite the rise of private markets: the Nasdaq 100 returned 20% annually over 15 years, Mag 7 acquisitions captured innovation, and VC returns are power-law lottery tickets with high failure rates—Bogleheads can stay the course.
- Animal Spirits: The Wobbly House of Cards↗ 23 Sept 2026
A podcast episode roundup touching on AI market risks, consumer spending strength, and economic divergence between growth and stagflation scenarios, with sponsored content and media recommendations.
- Why Didn’t We Get a Housing Bubble?↗ 22 Sept 2026
Housing prices surged 55% in the 2020s without a bubble because constrained supply, responsible lending standards, demographic tailwinds, and locked-in low mortgage rates eliminated the speculation and excess that preceded the 2008 crash.
- Talk Your Book: Price is the Ultimate Factor↗ 21 Sept 2026
A podcast episode discussing momentum vs. value investing, price dynamics, and whether shared AI tools could amplify herding behavior in markets.
- The Biggest Risk to the Economy↗ 20 Sept 2026
Policy errors—not market corrections themselves—pose the greatest economic risk. Drawing parallels between today's AI boom and the 1873 panic, the author argues that heavy-handed government intervention, whether monetary, fiscal, or trade-related, could turn a normal slowdown into a prolonged depression, as happened after the dot-com bust morphed into the financial crisis.
- 5% Bond Yields↗ 18 Sept 2026
Current bond yields around 5% are primarily driven by mathematical yield-to-maturity calculations rather than market sentiment, making them a strong indicator of near-term forward returns—a sharp contrast to stocks, where future performance depends heavily on unpredictable valuation shifts.
- Animal Spirits: How to Talk To Your Clients About Ray Dalio↗ 17 Sept 2026
A sponsored podcast episode featuring discussion of Ray Dalio's economic predictions, bond market dynamics, hedge fund positioning, and AI's impact on software productivity, with promotional content for Betterment and Janus Henderson.
- Why Are Valuations Falling in a Bull Market?↗ 16 Sept 2026
Despite a bull market and double-digit stock returns in 2026, valuations are actually falling—earnings growth is outpacing price appreciation. The piece explores whether concerns about AI-driven earnings sustainability, inflation, or rising bond yields explain why investors remain cautious despite strong fundamentals.
- Talk Your Book: Why Aren’t There More IPOs?↗ 14 Sept 2026
Podcast discussion on why IPO volumes have declined, examining how 2021 valuations, AI-driven capital concentration, prolonged private funding, and secondary markets have reshaped public market access for startups.
- People Hate Paying Taxes More Than They Like Making Money↗ 14 Sept 2026
Investors' loss aversion makes them hate paying taxes more than they enjoy gains, leading some to use sophisticated strategies like long/short direct indexing to defer taxes—but these can paradoxically trap wealth and prevent spending.
- Millionaires Everywhere↗ 11 Sept 2026
U.S. millionaire population surged to 23+ million in 2025 with $500k new millionaires created last year, yet they represent just 1.5% globally. Wealth inequality persists, but ordinary Americans are building fortunes through savings, investing, and entrepreneurship—not just inheritance.
- A Short History of Trend-Following and Momentum↗ 10 Sept 2026
A century of academic research shows trend-following and momentum strategies deliver returns comparable to buy-and-hold indexing while significantly reducing portfolio drawdowns during market crashes, supported by studies from AQR, Fama & French, and others spanning multiple asset classes and decades.
- Animal Spirits: Everywhere Millionaires↗ 9 Sept 2026
A podcast episode discussing market dynamics, economic trends, and wealth creation, touching on bond pressures, millionaire formation, job markets, and AI employment effects.
- The End of a Golden Era For Investors↗ 8 Sept 2026
McKinsey's 2016 forecast of a "golden era" ending and lower investment returns has been spectacularly wrong; the past decade delivered higher real returns than the prior 30 years, illustrating how difficult market prediction remains even for prominent forecasters.
- Talk Your Book: AI Winners & Losers↗ 7 Sept 2026
A Wealth of Common Sense podcast episode discusses AI investment winners and losers, comparing today's AI leaders to 1990s internet startups, and features perspectives on Google, Meta, and Nebius from Alger's growth ETF team.
- It’s a Concentrated World↗ 7 Sept 2026
The S&P 500's top 10 stocks now represent 40% of the index, up from 17% in 2015—a concentration that has historically accompanied strong returns. While concerning to some, fundamentals justify the weighting, and global markets show even higher concentration; AI will likely amplify wealth inequality rather than level it.
- Will Young People Ever Buy a House?↗ 4 Sept 2026
Young people's homeownership rates are lower than previous generations at the same age, but the pessimistic narrative is overblown—Gen Z is actually outpacing millennials, and demographic and economic shifts in the 2030s will likely make housing affordable again.
- How to Invest When Your Portfolio Gets Bigger↗ 3 Sept 2026
As portfolios mature through compounding, middle-aged investors face psychological strain from larger absolute dollar swings; the question becomes whether to shift strategy (de-risk gradually) or mindset (reframe gains as compounding, not dollar amounts).
- Animal Spirits: The Next Michael Burry↗ 2 Sept 2026
Podcast episode roundup featuring market commentary on AI capex valuations, AI's employment impact, AGI timelines, and broader economic trends, with sponsored segments and audience survey links.
- 14 Questions I’m Thinking About↗ 1 Sept 2026
A financial advisor presents 14 open-ended questions spanning AI capex, housing, labor disruption, fraud in private markets, demographics, valuations, and the wealth effect—acknowledging genuine uncertainty while probing where conventional wisdom may fail.
- Talk Your Book: Cash Was Easy…Now What?↗ 31 Aug 2026
Treasury yields are rising and the yield curve is steepening; investors should consider shifting portfolio duration and using options strategies like call spreads to generate tax-efficient income in a higher-rate environment.
- Jerry Seinfeld’s Evergreen Career Advice↗ 31 Aug 2026
Jerry Seinfeld's career advice—deep work, writing, reading, talking, and building trust—remains evergreen because AI will automate easy shortcuts; those willing to do hard things will stand out.
- My Most Contrarian Opinion Right Now↗ 28 Aug 2026
U.S. government debt is unlikely to trigger a financial crisis despite $40 trillion in obligations, thanks to a dynamic economy, reserve currency status, and improved household balance sheets that offset rising government liabilities—the real risk lies in political mismanagement rather than fiscal insolvency.