"For a taxable investor, the structural question is not “what yield does this generate?” it's “when does this water leave the well, and how much do I lose on the way out?”" via Brian Jacobs https://t.co/NvtP3CUID1
"We could see largely unchanged monetary policy in aggregate, while both sides of the independence/rate cut debate claim victory." via Joseph Sykora https://t.co/rAtol6kPi1
"Prudence is building a portfolio that can withstand a range of outcomes and create the highest compounded return for a given level of risk." via Brian Jacobs https://t.co/KzBRg2sTbl
"Elevated pricing, combined with quarterly redemptions hitting caps, is creating a rush for the exits that presents a challenge for even the best-run private credit solutions." via Brian Jacobs, CFA https://t.co/yzWrJmuwI7
"Macro news can seem overwhelming, but it’s still all about stocks, which are all about underlying businesses." via David Wagner https://t.co/vcAxXWaMFt
"Just as advisors carefully select asset allocations, they should also help clients choose the right types of liabilities for each purpose." via Tenzin Phuntsok https://t.co/KmBSUqEdgY
"In 2024, there were 264 cases opened at the Court of International Trade. In 2025, given the tariff debacle, this number jumped to over 1000 cases. And already this year, approximately 950 cases have been opened." via David W. Wagner III https://t.co/HVjSejYtIg
"If the balance sheet only gets utilized in certain situations, our conviction grows in the belief that fixed income may not be as insulative during bouts of volatility." via David W. Wagner III https://t.co/ZQqHZ0G6uJ
"We believe many of the bank deregulation plans in motion will be key in unlocking private bank reserves in order for a smoother transition to a smaller Fed balance sheet." via John Luke Tyner https://t.co/sIXeEORq3h
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"the diffusion index from TS Lombard looks at the % of CPI sub-indexes where the 3M % change is > 12M % change, and shows a disinflationary trend taking hold." via John Luke Tyner https://t.co/ZdMDr9Fb3k