Taking the Punchbowl Away From the Party

Published on September 29, 2026

In his latest insight, Richard Bernstein, Global Head of Macro & Customized Investing, examines why the Fed’s actions tend to lag the economic cycle, how deglobalization may limit its flexibility, and what a potentially longer period of tighter monetary policy could mean for investors.

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Living With the Realities of a Flat Economy

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For three years, clients have been asking me when the economy will get back to normal. I have started answering that this current flat economy may be the newest redefinition of normal, one of many I’ve seen in 40-plus years of writing about money.

Adhesion Wealth Launches Custom Models on its UMA Platform

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The UMA platform provider is teaming up with Fidelity Investments to offer advisors outsourced custom model construction with automated tax optimization and rebalancing.