Morningstar: Semiliquid Funds Are Not the Diversifiers Advisors Think They Are

Published on February 13, 2026

There is often greater correlation between private and public asset performance than asset managers admit.

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Inflation Since 1872: A Long-Term Look at the CPI

February 13, 2026
The Consumer Price Index for Urban Consumers (CPI-U) release for January puts the year-over-year inflation rate at 2.39%. The latest reading keeps inflation below the 3.72% average since the end of the Second World War for a 31st consecutive month. Additionally, for an 11th straight month, inflation sits below the 10-year moving average which is at 3.19%.

Real Middle Class Wages as of January 2026

February 13, 2026
This series has been updated to include the January release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $53,996, down -5.0% from over 50 years ago.