We’ve published our February 2026 Monthly Investment Outlook by Economic Regime, a data-driven framework designed to evaluate relative asset class performance based on current economic conditions. A Rules-Based Economic Regime Model Our approach incorporates 11 monthly economic indicators spanning: Economic growth Inflation Employment trends Consumer and business activity Monetary policy conditions Each indicator is evaluated […]
By: Steve Bruce One of the most effective ways to evaluate the internal health of the stock market is to compare the S&P 500 with the S&P 500 Equal-Weight Index. While both indices track the same 500 companies, their construction differs in a way that reveals an important story about market breadth, concentration risk, and […]
By: Steve Bruce Bitcoin has once again reminded investors of its defining characteristic: volatility. After declining in seven of the last eight trading days, Bitcoin has fallen more than 40% from its most recent all-time high, placing it firmly in bear market territory by traditional definitions. While sharp price swings are not unusual for digital […]
By Steve Bruce As 2026 gets underway, equity markets are showing early signs of strength. The S&P 500 closed January in positive territory, marking its third consecutive positive January—an outcome that historically has carried meaningful implications for the rest of the year. This development activates one of the market’s most widely discussed seasonal indicators: the […]
By Steve Bruce Naturally, investors want to understand what history may suggest about future returns following periods like this. While markets never move in straight lines and past performance is not predictive, historical context can help frame expectations. Following those five prior instances of extraordinary three-year returns, the average subsequent three-year annualized return was approximately […]