Zephyr's Adjusted for Risk: Trading ETFs and Sports Cards - A Parallel Conversation

Published on June 15, 2026

Ryan Nauman and Lance McGray discuss the parallels between rapid ETF proliferation and the booming sports card market..

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NAHB Housing Market Index: Affordability Challenges Continue

June 15, 2026
Builder confidence edged lower in June as ongoing affordability challenges continue to affect the housing market. The National Association of Home Builders (NAHB) Housing Market Index (HMI) fell 2 points from May to 35 this month, marking the 26th consecutive negative reading.

Raise Social Security Taxes — and Cut Benefits, Too

June 15, 2026
There are two processes that we cannot escape: aging and math. This applies not only to human beings but also to large government social-insurance programs.