QT is Ending. Is QE Next?

Published on November 7, 2025

The Federal Reserve’s (Fed) balance sheet runoff — commonly referred to as quantitative tightening (QT) — is set to conclude on December 1. Since initiating QT, the Fed has reduced its balance sheet by over $2 trillion, largely through the drawdown of its overnight reverse repo program (O/N RRP).

Continue reading on website
Other news

Netflix Joins the (Much Smaller) Stock-Split Club

November 7, 2025
It's been a minute since we’ve touched on traditional stock splits. Our last look at this type of share-price engineering came in Q2, when reverse ETF splits were happening all around us. For individual investors, when a company’s management team chooses to split its stock, it can have more impactful implications for longer-run returns.

China ETFs’ Paradox: Winning But Ignored in 2025

November 7, 2025
It’s been a good year for international equity ETFs. As a category, broad exposure funds tapping into both developed and emerging market equities have delivered outsized gains relative to U.S. markets this year, as well as much sought portfolio diversification.