Jeff DeMaso

493 posts

IVA Research

Vanguard’s Market Call Comes With an Asterisk

MAILBAG | Vanguard’s latest outlook flips the classic portfolio on its head—but history, humility, and diversification still matter.

| 8 min read
Quick Take

IVA QUICK TAKE | Vanguard’s Big Split Is Official

Two investment units, two indexing teams—and a higher bar to keep costs and execution tight.

| 2 min read
Quick Take

IVA QUICK TAKE | Vanguard Turns Promotional on Cash Yields

A limited-time bump to Cash Plus is good news for savers—but an unusual move from Vanguard.

| 1 min read
Weekly Brief

Big News, Small Market Moves

An incursion in Venezuela grabs attention—but not the markets

| 4 min read
IVA Research

My 2025 Scorecard

Grading my 2025 Outlook: I got the big economic call right, correctly anticipated the bull market’s staying power and stuck with foreign stocks. My forecasts for market leadership and bonds were more mixed.

| 7 min read
Monthly Recap

Profits Without the Euphoria

JANUARY 2026 | Putting another strong year into perspective. Plus, IVA Portfolio notes, the IVA Factor Tracker and a roundup of articles and analysis from the past month.

| 9 min read