Hedge Funds Are Losing Their Edge in a World of ETFs

Published on May 26, 2026

I’ve lost count of the praise heaped on US hedge funds for their “historic performance” in April on artificial intelligence-related bets and alleged foresight of a ceasefire in the Iran war.

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S&P Cotality Case-Shiller Index: Housing Slowdown Intensifies

May 26, 2026
Home prices fell for the first time in eight months in March according to the S&P Cotality Case-Shiller index, as the housing slowdown intensifies. On a seasonally adjusted basis, the national index dropped 0.2% month-over-month and was up 0.7% year-over-year, the slowest pace since June 2023.

Banks Need to Prepare for a High-Speed Run

May 26, 2026
It’s been more than three years since Silicon Valley Bank lost a quarter of its deposits in a day, kicking off a string of bank rescues. The shocking speed of that run was attributed, in part, to the rapid spread of information on social media and the efficiency of digital banking.