Trade War Resumes

Published on September 1, 2026

A hard line on trade was a popular plank of the first Trump candidacy. But once in office, his advisors used slow, conventional investigations and negotiations toward the goal of fairer terms of trade.

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Income Opportunities Beneath the Surface: Equity Volatility and Credit Dislocations

September 1, 2026
Beneath relatively muted index-level volatility, single-stock implied volatility remains high. In today’s low-correlation environment, individual stocks are moving more independently, keeping single-name volatility high even as those moves offset at the index level.

Vanguard’s First Index Fund Turns 50: Celebrating VFINX

September 1, 2026
As the month of August came to a close, the first index mutual fund got to celebrate a key milestone. The mutual fund in question is the Vanguard 500 Index Fund (VFINX), which originally launched on August 31, 1976.