The sweeping 900-page tax and spending law signed on July 4 introduces a wide array of provisions that touch nearly every American in one way or another.

As central banks scramble to increase their gold reserves, many are turning to domestic mine production to save money, support local industry, and expand their reserves.

Volatility often evokes emotional responses from investors. Two big sell-offs in early 2025 reminded us why it’s important to fight those responses and stay invested through downturns.

Current volatility and optimism are some of the topics being discussed in this new roundtable from Royce Investment Partners.

July didn’t need to reach the halfway point before bitcoin notched double-digit gains.

The S&P 500 notched a new record high this week, its ninth of the year. The index ultimately finished the week up 0.6%, its third weekly gain in the past four weeks.

The yield on the 10-year note ended July 18, 2025 at 4.44%. Meanwhile, the 2-year note ended at 3.88% and the 30-year note ended at 5.00%.

Consumer sentiment inched up in July, increasing for a second straight month. The Michigan Consumer Sentiment Index was up 1.8% (1.1 points) to 61.8 this month. This is the index's highest level since February but still reflects historically low levels of optimism.

In the latest report by the Census Bureau, building permits unexpectedly inched up to a seasonally adjusted annual rate of 1.397 million in June.

In the latest report by the Census Bureau, housing starts rose 4.6% in June to a seasonally adjusted annual rate of 1.321 million.

Bitcoin is not “appropriate” for long-term investors. Also, digital assets are more a speculation and less an investment.

Conventional wisdom has it that the rise of robotaxis is bad for Uber Technologies Inc. and oh so good for Tesla Inc.

In a rare public embrace of the once-shunned world of crypto, the heads of America’s largest banks made one thing clear this week: stablecoins are no longer at the fringe of finance.

If you’re a venture capitalist, you dream of backing the next billion-dollar startup to one day feast on the returns of a sale.

GE Aerospace just hit it out of the park on earnings.

When you have a significant underperformance period, investors have a good reason for wondering if you’ve lost your investing mojo.

As of June 2025, the relative valuation of the cheapest 50% of the U.S. stock market compared to the expensive half is at the 3rd percentile in our 40+ years of data.

Many advisors undercharge out of fear, but increasing fees to match your value strengthens client relationships and ensures you’re rewarded for the services you provide.

Last week, Nvidia—whose processors are a key driver of the AI wave—became the world’s first publicly traded company to hit $4 trillion in market value.

The second quarter featured a trade war, armed conflicts in the Middle East and Europe, and continued turmoil in Washington, yet markets continued to rally, likely due to an elevated money supply and an increase in passive investing.

Contrary to popular belief, investors can use TradFi best practices to analyze on-chain KPIs of DeFi networks and the underlying fundamentals of the tokens that drive them.

The capital markets have become an increasingly complex space for investors, complexities that are heightened by the sheer number of ways one can invest.

With inflation proving to be sticky, sovereign debt burdens escalating, and trust in institutions coming under scrutiny, investors are reassessing the role that hard assets play in protecting and preserving long-term purchasing power.

Not sure which to choose? Here are some things to consider about individual bonds vs. bond funds.

If owning a specific stock is keeping you up at night, then it’s time to sell.

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.

Join the experts at Hull Tactical for an educational webcast exploring how active management can thrive in times of volatility.

Nominal retail sales in June were up 0.64% month-over-month and up 3.92% year-over-year. However, after adjusting for inflation, real retail sales were up 0.35% month-over-month and up 1.22% year-over-year.

As inflation concerns continue to influence 2025 market dynamics, investors seek equity-based strategies to provide rising-price protection.

Home values fell for a fourth straight month in June, according to the Zillow Home Value Index. However, after adjusting for inflation, real home values dropped for a 14th consecutive month, hitting their lowest level since April 2021.

Builder confidence received a slight boost in July with the passage of the One Big Beautiful Bill Act but remained near its lowest level in over 2.5 years.

The Census Bureau's Advance Retail Sales Report for June showed consumer spending was higher than expected, with headline sales rising 0.6%.

The latest Philadelphia Fed manufacturing index showed activity expanded for the first time in four months. The index was rose nearly 20 points to 15.9 in July, the highest level since February. The latest reading was better than the forecast of -1.2.

In the week ending July 12th, initial jobless claims were at a seasonally adjusted level of 221,000. This represents a decrease of 7,000 from the previous week's figure. The latest reading was lower than the 233,000 forecast.

Goldman reported record equity trading revenue in second-quarter earnings on Wednesday and trounced its peers with a rebound in investment banking revenue that was fueled by a 70% jump in deal-making fees versus the same period last year.

The sharp division between public and private securities was a major bulwark of financial regulation from the New Deal in the 1930s to the end of the 20th century.

The S&P 500 Index finished within striking distance of all-time highs after whipsawing on whether President Donald Trump will fire Federal Reserve Chair Jerome Powell.

Swedish private equity group EQT AB reported better-than-expected underlying profit in the first half of 2025 as exit volumes jumped and all of its funds performed at or above plan.

Only a few years ago, the Biden administration declared export controls a “new strategic asset” to help the US maintain “as large a lead as possible” over China in advanced technology. President Donald Trump is now upending that approach.

Just four months into his tenure at the Pentagon, private equity billionaire Steve Feinberg has landed his first big deal: a $400 million bet on the US’s only miner of rare-earth elements, a key commodity in the rivalry with China.

U.S. trade policy movements are starting to resemble a soap opera. Following a series of threats, escalations and suspensions, President Trump has extended the tariff deadline to August 1.

June was a month of stabilization and subtle strength for preferreds.

We have a truly inspiring corporate leader among the companies in our portfolio. We don’t believe the global equity markets have realized it yet.

Three themes are worth emphasizing as we reach the midpoint of 2025: tariffs, interest rates, and global diversification. We emphasize these themes even amid recent heightened geopolitical tensions.

Global equity markets swung from steep losses to fresh highs during the quarter. In early April, President Trump imposed a baseline 10% tariff and reciprocal tariffs of up to 50% on dozens of trading partners, only to suspend most reciprocal tariffs for 90 days amid market panic.

Investors may be happy to shift some of their focus away from the ongoing tariff saga and back toward economic data and earnings reports.

Bitcoin’s 2025 ascent and the upside delivered by ETFs such as the CoinShares Valkyrie Bitcoin Fund (BRRR) has been attributed to a variety of factors, including increased adoption.

In this video, Chuck Carnevale, co-founder of FAST Graphs, aka Mr. Valuation, discusses Becton Dickinson (BDX), 53 years of dividend growth, a medical diagnostics company that has increased its dividend for 53 consecutive years.

The U.S. economy remains resilient despite headline volatility tied to shifting trade and tariff policies. Meanwhile, we continue to see a lot of volatility in the economic data as the world adjusts to these changing policies.