Great Moderation Era: Drift(ing) Away

Published on July 10, 2026

The Great Moderation has given way to a more volatile era, where inflation shocks and market dispersion favor flexibility and diversification.

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Midterm Elections and Geopolitical Risk Will Drive the Market

July 10, 2026
As we move through 2026, the political and geopolitical landscapes remain key drivers of policy uncertainty. For the midterm elections, our base case is a Democratic House and Republican Senate, a historically favorable outcome for equities.

Zephyr's Adjusted for Risk: How to Tailor Investments for Geopolitical Shifts

July 10, 2026
Ryan Nauman interviews Defiance ETFs' Brendan Cavanaugh on ETF product development amid consolidation, and long-term thematic exposure.