Municipal bonds might still offer attractive tax-advantaged income and relatively stable credit quality for investors who understand the risks.

Stocks have recently hit new highs, supported by strong earnings growth, but the bond market is sending a more cautious signal.

The recent global bond sell-off may be more than a temporary repricing. Rising government debt, persistent inflation risks and shifting economic expectations could keep longer-term yields elevated relative to the post-financial-crisis era.

In this video The Most Powerful Growth Stock, Chuck Carnevale, co-founder of FAST Graphs and known as “Mr. Valuation,” examines NVIDIA through the lens of growth, valuation, financial strength, and long-term return potential. He explains why growth investing is still value investing when a company’s future earnings justify the price being paid.

The 2026 U.S. midterms are rapidly approaching, with major implications. Muni bonds, in particular, may be impacted.

Vanguard research challenges four myths about women investors, revealing what female clients value from financial advisors, from expertise to collaboration.

ETFs are increasingly breaking down the wall between public and private markets. Asset managers are finding ways to “ETF-ize” private equity and pre-IPO holdings — giving retail investors liquid, fractional access to growth opportunities historically restricted to institutional and accredited buyers. As companies stay private longer, the most explosive growth phases of high-profile startups often occur off public exchanges.

The shortened Labor Day trading week brought little cheer for stock and bond investors. Coming off a long weekend that saw increased hostilities between the US and Iran, oil prices pushed higher, topping $100/barrel. Gas and diesel prices also spiked: diesel hit an all-time high of $6/gallon, while regular gas jumped to a Labor Day record of $4.15/gallon.

Advancements in technology, combined with significant stock market gains in recent years, have created a new set of opportunities—and challenges—for investors. For example, investors holding a concentrated position in a highly appreciated stock may face a difficult trade-off between the risk of a market downturn and the potentially significant tax cost of diversifying the position.

The Federal Reserve today unanimously decided to raise its short-term interest rate target by a quarter percentage point to a range of 3.75 – 4.00%, the first hike since mid-2023. The Fed made two key changes to the statement announcing its decision, declaring that “domestic spending has been resilient” and the rate hike “will support a timelier return” to the Fed’s 2% inflation target.

When it comes to personal finance, conventional wisdom says the best way to live is debt-free. There are many important reasons why this is tried and true, but for high-net-worth individuals, lending can be an optimal way to access cash in the near term without sacrificing long-term gains on your assets.

Fed policymakers unanimously voted to raise rates 25 basis points, the first hike since 2023, and vowed to fight inflation. Another hike is seen this year, but 2027 is in question.

Most people have had that moment when they’re walking along outside, enjoying a sunny day, and suddenly something long and twisty on the ground catches their eye. Before they even know what’s happening, their whole body jumps and their brain shouts, “Snake!”

The Federal Open Market Committee (FOMC) decided to raise rates by a quarter-point, bringing the new fed funds trading range to 3.75%–4.00%. The money and bond markets had been pricing in a potential rate hike at this gathering, and Warsh & Co. ultimately determined that such a move was warranted. That said, the ‘rate hike’ story does not end here.

Janus Henderson launched a new international equity ETF on Wednesday, according to a Janus Henderson press release. The Janus Henderson International Core Alpha ETF (JINT) seeks long-term growth of capital across developed markets outside the U.S.

Last December we published Riding the Wave: The Anatomy of Booms & Bubbles. In it, we argued that the AI spending boom would continue through 2026 without tipping into ‘bubble’ mania, and that the right posture was to stay overweight stocks while favoring US assets. Nine months on, we think that call has aged well.

Single-stock leveraged ETFs were unusual when they first arrived in the U.S. market just four years ago. Today, it might be hard to find a stock without one. Issuers are aggressively pushing beyond megacap tech into niche equities, pre-IPO registrations, and even experimenting with leverage levels and frequency.

With so much attention focused on what the Fed might do at its policy meeting this week, it’s a good time to look back at history to get a sense of how stocks might respond should policymakers hike rates as the market now expects. LPL Research had been characterizing the rate decision as a coin flip until Fed Chair Kevin Warsh’s hawkish comments at the Jackson Hole meeting and the strong August jobs report.

From the 2020 pandemic to today’s oil shocks, we’re often reminded in recent years that inflation can flare up unexpectedly. We’ve also likely entered an era in which higher inflation may linger for some time. As a result, bond-heavy and income-oriented investors may need to shore up their inflation defense, which we think should combine strategic positioning with tactical maneuvering.

The Consumer Price Index (CPI) data for August was generally in line with expectations. However, a slightly hotter-than-expected core CPI reading buoyed expectations of a rate hike at the Federal Reserve meeting in September.

The August employment report was much stronger than expected and reinforces my view that the U.S. economy remains remarkably resilient. Payrolls increased by 162,000, above every estimate, while revisions added another 55,000 jobs to the previous two months.

A rate hike on Wednesday is now very likely but would also be unusual, and perhaps dangerous, at least as far as the past generation of monetary policy goes.

AI-driven healthcare innovation is creating strong investment opportunities by improving efficiency, expanding access, and delivering better patient outcomes.

A week of rising oil prices and higher interest rates sent stocks lower across the board as investors increasingly priced in the likelihood that the Federal Reserve (Fed) will begin a rate-hiking cycle at its September 16 meeting. Following the August Consumer Price Index (CPI) report, futures markets implied an 88 percent probability that the Fed will, or at least should, raise rates at next week's meeting.

Bond prices and interest rates generally move in opposite directions. When interest rates rise, the market prices of existing bonds typically fall. When interest rates fall, existing bond prices typically rise.

Discover how autocallables provide steady income and downside risk protection in volatile markets, and how autocallable ETFs can help.

On September 2, TMX VettaFi Head of Research Todd Rosenbluth appeared on the Schwab Network to discuss ETF inflows nearing record highs in 2026 and the 50th anniversary of the first-ever index fund, the Vanguard 500 Index Fund. The fund’s ETF share class, which trades under the ticker VOO, is a bit newer, having launched in 2010.

Chris Galipeau discusses high-conviction insights that go beyond media headlines.

Most coverage of Trump Accounts treats them as a parenting question, or a discussion comparing them to 529s. For founders and business owners the analysis of them is slightly more nuanced.

Demand for fixed income ETFs hit a historic high-water mark in September. Investors and advisors turned to fixed income ETFs at a record-breaking pace, driving 2026 net inflows of $446 billion past all-time levels with months to spare. The massive tide of capital arrives at a critical juncture.

In our final chapter for this series, we will dig into that exact question. Unfortunately, there is good and bad news, and it can be summed up in a single sentence.

Is the AI infrastructure buildout one big trade in credit? So far, the market seems to think so. Spread dispersion – differences in borrowing costs among issuers – across the financing chain remains limited despite sharp differences in underlying risk. This contrasts with equities, where performance has become increasingly differentiated.

Last week, the refining margin on European gasoil, the benchmark that sets the price of diesel and heating oil across much of the world, closed at roughly $94 a barrel over Brent crude, according to Bloomberg data. That figure is normally somewhere between $12 and $18.

As policymakers adapt to new leadership, navigate a challenging geopolitical backdrop and contend with meaningful internal debate over the path of interest rates, the stakes remain high. Below, we discuss what to expect from next week’s Federal Reserve (Fed) meeting and provide perspective on the recent rise of Treasury yields to multi-year highs.

Attractive yields and resilient credit conditions are creating opportunities across fixed income, but uncertainty around inflation and interest rates makes flexibility, selectivity and disciplined risk management especially important.

In Part III, the focus will center on practical applications of this discipline. In particular, how advisors can integrate the methodology into modern asset allocation, and why it offers an evolutionary leap for passive investing that’s available through exchange-traded funds (ETFs).

According to new data from J.P. Morgan Asset Management’s 2026 Defined Contribution Plan Participant Survey, 73% of savers said they wish they could hit an “easy button” and fully delegate their wealth management.

Many market participants have highlighted how value investing is back as the equity market rally broadened out beyond high-flying growth names. However, taking an index-based approach to the value style requires looking under the hood. Not all value ETFs are created equally.

For many investors, a 401(k) is simply a retirement savings account. For high-net-worth families, however, it can become a sophisticated planning tool that supports tax efficiency, wealth accumulation, and long-term legacy objectives.

Every few months, a new essay declares that the US debt trap has finally sprung. The latest one making the rounds from The Economist is well written and genuinely unsettling. It argues that Washington has borrowed so recklessly that the Federal Reserve no longer dares to raise interest rates. Doing so, the piece warns, would detonate the whole structure and send financing costs spiraling out of control.

Equity markets generally moved lower as rising yields and energy prices created a more challenging backdrop. Higher yields can be particularly difficult for long-duration equities, where a greater share of expected cash flows sits further into the future.

Some investors are questioning how much further this year’s rally can run with the S&P 500 Index up 12.3% through the first eight months of the year. Encouragingly, history suggests that strong starts tend to persist; when the S&P 500 has gained more than 10% through August it has advanced from September through December in 25 of 28 instances, an 89% positive hit rate.

Occasionally, we are confronted with decisions where there are no easy options. The prevailing circumstances bound our choices, and we may face criticism no matter what we do. Collectively, the Federal Open Market Committee (FOMC) finds itself in just such a situation as it prepares for its upcoming meeting.

The recent employment report provided reassurance that the US labor market remains resilient. The economy added 162,000 jobs in August; the previous two months’ gains were revised higher by a combined 55,000, and the unemployment rate held steady at 4.1%.

How can investors recognize when a stock is severely overvalued—and decide whether it may be time to take profits?In this video, Chuck Carnevale, co-founder of FAST Graphs and “Mr. Valuation,” examines 22 popular stocks that appear overvalued or have recently begun correcting.

Investors can’t get enough of ultrashort bonds. Driven by concerns over high equity valuations and rate volatility as the U.S. Federal Reserve mulls over the direction of interest rates, capital preservation strategies appear to be the elixir to help ease uncertainty. As such, ultrashort bonds have been seeing greater demand as traditional safe havens fall short on yield or carry unwanted duration risk.

There is so much going on, it is hard to know where to begin. The data is all over the place. I had a long and epic dinner in New York with David Bahnsen, Rene Aninao, and Brian Syztel which has my mind buzzing with ideas and new concepts.

One or a few high-performing stocks can provide a big boost to portfolio values. But they’re hard to come by and often struggle to maintain their momentum over time. Because these stocks increase portfolio concentration, investors must balance the risk of overexposure against the tax cost of diversifying. A thoughtful, tax-aware plan may help bring portfolios back in line.

Don't let September's macro headline noise fool you. Today’s economic backdrop won’t likely trigger a broad market freeze like 2022, but there will be winners and losers. Cash-rich mega-caps, AI infrastructure plays, and scaled market leaders (the SpaceX, Anthropic and OpenAI tier) command their own gravity.

U.S. equities were little changed on the week – the S&P 500 rose 0.1 per cent, the NASDAQ gained 0.4 per cent, and the Russell 2000 added 0.12 per cent – but those modest moves masked a far more turbulent week in the global rates markets.