The WealthStack Podcast: Beyond the Model & Scaling Personalized Portfolios with Joshua Allen

Published on February 20, 2026

Joshua Allen, CEO of TCP Asset Management, unpacks what portfolio personalization looks like inside a fast-growing RIA.

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The Big Four Recession Indicators: Real Personal Income

February 20, 2026
Personal income (excluding transfer receipts) rose 0.2% in December and was up 3.1% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was down -0.1% month-over-month and up 0.2% year-over-year.

Consumer Sentiment was Stagnate in February

February 20, 2026
Consumer sentiment rose for a third straight month in February, reaching its highest level since August. The Michigan Consumer Sentiment Index inched up 0.2 points (0.4%) to 56.6 this month, coming in below the forecasted 57.3.