Fed Chair Kevin Warsh's silence on monetary policy during a Bangkok speech reinforced market expectations that the central bank will hold rates steady this month, despite Thursday's hot inflation readings showing producer prices surged 6.3% YoY.
Learn MoreUS 10-year Treasury yields are approaching 6% for the first time since 2000, with the AI-powered bull market nearing its four-year anniversary and showing "bad breadth" as only one-third of S&P 500 stocks trade above their 50-day moving average.
Two assets, each with a positive expected return, can combine into a "worst-of" note with a negative one, even at fairly high correlation. Here's the math behind why.
Many investors don't realize that annuities introduce a worrying set of risks; risks that are often harder to understand than stock market fluctuations. Recent events involving troubled annuity issuers highlight an important reality: when you buy an annuity, you're not eliminating risk. You're simply exchanging one type of risk for another.
Investing has evolved, but access hasn’t.