Macro Economy
A collection of 33 posts
Shut Downs, Shake Ups and Staying Invested
OCTOBER 2025 | Spending time in the market paid off in the third quarter. Plus, my thoughts on a government shutdown, private assets, bitcoin and Morningstar buying CRSP. And, as always, IVA Portfolio notes, the IVA Factor Tracker and a roundup of articles and analysis from the past month.
Cut Rates, Concentrated Funds, and a Quiet Hire
Markets rally on the hope of lower interest rates | Sector funds are no longer diversified | Vanguard hired a head of private markets
Inflation, Hiring and the Fed: Navigating a Delicate Balance
Quiz time! | The BLS chief is fired after a weak jobs report | Inflation holds steady
Geopolitics and Your Portfolio: Lessons from 125 Years of Conflict
War shakes markets, but disciplined investors endure—and prosper.
Forecasts, Fees, and False Narratives
All winning streaks end | The economy contracted last quarter | Treasury Secretary’s sweeping forecast | A zero-fee fund follow-up | Vanguard’s 10-year outlook
Relief Rally or Just a Pause?
Tariffs paused. Markets surged. But the uncertainty? Still very much in play.