Podcasts about securities

With the US at war with Iran, oil prices spiking, private credit imploding and payrolls sinking -- it's perhaps understandable some investors are worried the world is going to hell.To put everything in perspective for us today -- likely using more than a few f-bombs himself -- is Chris Irons is the author and publisher of Quoth The Raven, which has become one of most popular financial newsletters around, currently sitting at #27 in the list of top financial Substacks worldwide.REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE 'LAST CHANCE TO SAVE' DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceFollow Chris at https://quoththeraven.substack.com/#privatecredit #marketcorrection #iranwar _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE 'LAST CHANCE TO SAVE' DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceHistory repeats. And we've seen time and time again over the ages how monetary systems collapse.Monetary analyst John Rubino thinks we're now entering the "death spiral" phase of the world's major fiat currencies, due to immense amount of debt obligations nations are now burdened with.What come next?Watch this video to find out.#money #fiatmoney #currencycollapse _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

If you're within 5–7 years of retirement or recently retired, you're entering what I call the Red Zone of Retirement — the most important stretch of your financial life.This is the decade where every decision you make can determine the next 20–30 years of your financial future.In this episode, Adam Olson, CFP®, sits down with TJ to break down:• How the Red Zone Retirement Planning Process was created• The patterns Adam saw after years of helping retirees• Why traditional financial planning often fails retirees• How the Go-Go, Slow-Go, and No-Go framework works• The step-by-step client journey through the Red Zone processThe Red Zone process was designed specifically for people approaching retirement who need clarity around income, taxes, investments, and long-term planning.Rather than focusing only on accumulation, this process focuses on what matters most:Turning decades of savings into reliable retirement income.You'll also hear real stories about how this framework has helped families retire with clarity, confidence, and peace of mind.Adam Olson is a Certified Financial Planner™ professional and retirement strategist who helps individuals and families prepare for and transition into retirement.He is the author of:• 21 Things You Need to Know About Money• What's Your Plan?• Red Zone Retirement PlanAdam created the Red Zone Retirement Planning Process to guide families through the most important financial decade of their lives.His goal is simple:Help people live every day of retirement like it's Saturday.Explore resources, schedule a meeting, or download Adam's book:Linktree:https://linktr.ee/adamolsoncfpThe Red Zone Retirement Planning Process is designed for:• Pre-retirees within 5–7 years of retirement• Recently retired individuals• High savers preparing to transition from accumulation to distribution• Families looking for clarity around taxes, income, and long-term planningAbout Adam OlsonLearn More / ConnectWho We HelpInvesting involves risk, including loss of principal. Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein. This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product.Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.

The Middle East conflict is causing a supply chain shock. Natalie Gill, Portfolio Strategist at the BlackRock Investment Institute, explains how energy disruptions are driving regional market effects and adding to inflation risk. General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast.In the U.S. and Canada, this material is intended for public distribution.In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.For Investors in Switzerland: This document is marketing material.In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL). This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL's Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdictionIn Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. For more information on the Investment Advisory Services offered by BlackRock Mexico please refer to the Investment Services Guide available at www.blackrock.com/mx©2026 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BII0326-5284926-EXP0327

LAST CHANCE! REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceWould your portfolio be able to survive if a "lost decade" lies ahead for the stock market?Such lost decades happen more frequently than many investors realize.The senior team at New Harbor Financial discuss the risks of such a period of underperformance, as well as share their outlook given the Iran war.#marketcorrection #bearmarket #iranwar _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

And they've weakened since the outbreak of war in Iran?Could they be on the verge of a larger correction?While unknowable for certain, portfolio manager Michael Lebowitz and his team at RIA are starting to decrease their equity exposure.He and I discuss why, as well as the recent disappointing payroll data, rising private credit fears, the strengthening US dollar and falling bond prices, as well as his firm's latest trades.For everything that mattered to markets this week, watch this video.LAST CHANCE! REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceStock prices have been stuck in a trading range for five months now.#jobsreport #iranwar #privatecredit _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

In this episode, we discuss the recent decision by the U.S. Securities and Exchange Commission to dismiss certain claims in its case involving Justin Sun and the Tron Foundation, alongside broader regulatory signals suggesting that U.S. regulators may increasingly evaluate digital assets under traditional securities frameworks. We also analyze comments from Jensen Huang indicating that Nvidia may pause additional investments in OpenAI and Anthropic while continuing to expand its focus on next-generation computing technologies such as photonics. Finally, we cover reports that quantum computing company Pasqal is exploring a public listing through a SPAC transaction and the latest U.S. employment data, which suggests a more challenging labor market environment heading into the spring. Remember to Stay Current! To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email mcdigital@morgancreekcap.com Legal Disclaimer This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

When oil prices spike nearly 30% in a matter of days and a weak jobs report hits on the same Friday, the word on every investor’s mind is stagflation. On this episode of The Financial Hour of the Tom Dupree Show, host Tom Dupree, James Dupree, and Mike Johnson break down how the Middle East conflict is rippling through oil markets, what it means for interest rates and inflation, and why personalized investment management matters more than ever when volatility takes center stage. Whether you’re thinking about retirement or already drawing income from your portfolio, the current environment is a powerful reminder that how your money is managed — and who manages it — can make the difference between weathering the storm and watching your principal erode. How the Middle East Conflict Is Driving Oil Prices and Market Turbulence The most immediate market impact from the conflict between Israel, the U.S., and Iran has been felt in energy prices. West Texas Intermediate (WTI) crude surged from roughly $72 per barrel to touch $92, according to data tracked by the U.S. Energy Information Administration — a move of nearly 30% in just days. Mike Johnson explained the supply dynamics at play: “Kuwait — they’re cutting oil production. And this is because the Strait of Hormuz is cut off for all practical purposes. These big producers are running out of storage for the oil. They’re essentially closing up the wells.” The Strait of Hormuz handles approximately one-fifth of all global oil shipments daily. With roughly 90 million barrels of crude produced worldwide each day, shutting down that corridor has massive supply implications. Tom Dupree noted the physical challenge: “What keeps an oil well going is the oil flowing through all the little capillaries. When that gets turned off, it starts to sludge up.” Restarting shut-in wells can take days to weeks, and operators risk losing pressure and production permanently. For those tracking market commentary on gasoline prices, Mike pointed out a critical consumer threshold: “When you get to about $3.50 a gallon, that’s when you start seeing an impact on spending in a more meaningful way. And then $4 is when things start getting much worse in terms of consumer spending.” Stagflation Fears: Why One Jobs Report Has Investors on Edge The Friday jobs report from the Bureau of Labor Statistics came in weaker than expected, and the combination of rising commodity prices with a slowing labor market triggered immediate stagflation concerns across Wall Street. As Mike explained: “The market’s immediate knee-jerk reaction was that terrible S-word — stagflation. If we have a slowing economy with higher commodity prices, you have inflation and a slowing economy.” Tom was quick to add perspective: “One jobs number does not stagflation make. It’s a trend. But the fact that oil’s going up is gonna be considered inflationary, and then you get that jobs report on top of it.” Despite the volatility — with the market opening down 1.5% on Monday before recovering, followed by a sharp Tuesday sell-off — the broader indices showed resilience for the week. Mike observed: “We’ve essentially declared war. You’ve got oil prices up 30%. The market’s only off a little bit for the week. It’s been resilient as a whole.” This kind of choppy, bifurcated market is exactly why a disciplined investment philosophy matters. When risk-on and risk-off signals get scrambled day to day, reactive investors often make the wrong moves at the worst times. AI and the Job Market: Disruption Is Real, But It’s Not All Bad The conversation turned to how artificial intelligence is reshaping the employment landscape and what it means for market sentiment. James Dupree offered a nuanced take on the weak jobs data: “The AI stocks — they don’t really tie that to the economy because AI is going to replace jobs. So it might actually be good if there’s a bad jobs report for those AI stocks.” Mike broke down where the disruption is hitting hardest: “Some of your more tenured and senior workers — they’re benefiting from AI. What it’s impacting are the entry-level jobs. The number crunchers, entry-level analysts — those are the type of things that are able to be AI-ed away.” Tom drew a historical parallel: “AI is obviously the big thing right now. It’s the same way that the dot-com stuff was 20-something years ago. There will be winners and there will be losers, but I happen to believe that AI may actually create jobs because there will be more things that people can do.” For investors, the takeaway is that AI-related stocks occupy a unique space in the current market. James pointed to NVIDIA’s forward P/E ratio of 22 — below the S&P 500’s five-year average of roughly 23 — as evidence that some of the market’s fastest-growing companies are actually reasonably valued despite the broader market looking stretched. Sequence of Returns Risk: The Retirement Danger Most People Don’t See Coming Perhaps the most critical segment of the episode focused on a concept that every person in retirement or thinking about retirement needs to understand: sequence of returns risk. This is the idea that when your returns happen matters just as much as what they average over time — especially when you’re withdrawing money from your portfolio. Mike walked through a clear example: “Let’s say you have a million dollars and you’re drawing 4%, which is $40,000 a year. In the first year, the market goes down by 10% — your million dollars is now $900,000 plus you took out $40,000. So now you’re at $860,000. The next year, another 10% drop — down another $86,000 plus the $40,000 you withdrew. You have to get massive rises in the stock market to get back to even.” He continued: “There comes a point of no return where you’re forced to lower your withdrawal. If a million dollars is now $700,000 and you’re taking out $40,000, that’s now a 5.5% withdrawal rate. It’s negative compounding.” This is one of the core reasons the team at Dupree Financial Group structures retirement portfolios around dividend-paying investments. Tom explained the logic: “Sequence of returns is one reason why we invest for dividends — so that if the sequence of the return is negative, we may not have to be in a position to sell stocks in a down market. We can draw from the dividends.” For anyone approaching retirement or already drawing income, understanding this risk is essential. Resources from FINRA’s investor education center offer additional background on managing withdrawal strategies and retirement income planning. Berkshire Hathaway Under Greg Abel: Culture, Buybacks, and Alignment The episode also covered Berkshire Hathaway’s transition to new leadership under Greg Abel, who took over from Warren Buffett. Abel’s first annual letter to shareholders ran 18 pages — longer than Buffett’s typical letters — and signaled a leadership style rooted in operational detail and cultural preservation. Mike highlighted two significant announcements. First, Berkshire is resuming share buybacks for the first time since May 2024. Second, Abel is investing 100% of his post-tax salary — roughly $15 million per year — into Berkshire stock personally. “It’s all about alignment with shareholders,” Mike said. “It fits the Berkshire culture to a T.” The team also discussed Abel’s emphasis on corporate culture as a lasting competitive advantage. As Abel wrote in his shareholder letter, “Culture is our most treasured asset.” Tom connected that philosophy to Dupree Financial Group’s own approach: “We’ve worked to earn the trust of our clients and we have to keep working to keep that.” Historical Market Returns After Geopolitical Events Mike shared data that puts the current conflict in long-term perspective. Looking at one-year returns following major geopolitical events, the numbers are striking: 11.2% after the Korean War, 27% after the Cuban Missile Crisis, 13% after the Six-Day War, 10% after the Gulf War, nearly 27% after the invasion of Iraq, 19% after the Brexit vote, and 43% in the year following COVID-19. However, Tom added an important caveat for retirees: “What about the 30% drop that came before that? Individuals have to look at sequence of return, not just the long-term averages.” This distinction between how a static portfolio and a retirement portfolio respond to volatility is central to Dupree Financial Group’s investment philosophy — building portfolios of quality, dividend-paying companies in separately managed accounts where each client owns their individual stocks rather than being pooled into a mutual fund. Key Takeaways from This Episode Oil prices have surged nearly 30% due to Strait of Hormuz disruptions, with WTI crude jumping from $72 to $92 per barrel, creating ripple effects across the global economy. Stagflation fears are rising as weak jobs data combines with inflationary energy prices, though one report alone doesn’t confirm a trend. The $3.50 gas price threshold is where consumer spending starts to contract meaningfully — and $4 per gallon is where it gets significantly worse. Sequence of returns risk is more important than average returns for anyone in retirement or approaching it — early losses combined with withdrawals create negative compounding that can be devastating. Dividend investing provides a buffer during market downturns by allowing retirees to draw income without being forced to sell stocks at depressed prices. AI is reshaping the job market, benefiting senior workers while displacing entry-level roles, and creating a unique dynamic for tech stock valuations. Berkshire Hathaway’s Greg Abel is resuming share buybacks and investing his entire post-tax salary in Berkshire stock, signaling strong alignment with shareholders. Diversification across sectors — including energy exposure — helps portfolios weather geopolitical shocks through negative correlation benefits. Frequently Asked Questions How do rising oil prices affect my retirement portfolio? Rising oil prices can trigger inflation, which erodes purchasing power and can hurt broad market returns. However, portfolios with energy sector exposure may benefit from higher commodity prices. The key is having a diversified, actively managed portfolio that can adapt to changing market conditions rather than being locked into a one-size-fits-all approach. What is sequence of returns risk and why does it matter? Sequence of returns risk refers to the danger that poor market returns early in retirement — combined with portfolio withdrawals — can permanently damage your nest egg, even if long-term average returns are positive. A $1 million portfolio losing 10% while withdrawing $40,000 drops to $860,000 in year one, making recovery increasingly difficult. This is why income-focused strategies using dividends can help reduce the need to sell during downturns. Should I be worried about stagflation? One weak jobs report alongside rising oil prices raises the question, but stagflation requires a sustained trend of economic stagnation paired with persistent inflation. The current market has shown resilience despite the volatility. That said, having a portfolio strategy that accounts for inflation protection — through dividend growth stocks and diversified sector exposure — is prudent regardless of the economic outlook. How is AI affecting investment opportunities right now? AI-related stocks are trading somewhat independently from broader economic indicators. Companies like NVIDIA are showing strong earnings growth with forward valuations actually below the S&P 500 average. AI is displacing some entry-level jobs while creating opportunities for more experienced workers, making it a complex but potentially rewarding area for long-term investors. What did Berkshire Hathaway’s new leader announce? Greg Abel, who succeeded Warren Buffett, announced that Berkshire would resume share buybacks and that he would personally invest 100% of his post-tax salary — approximately $15 million annually — into Berkshire stock. His 18-page shareholder letter emphasized operational detail and cultural preservation as his top priorities. Don’t Let Market Noise Derail Your Retirement When oil prices surge, jobs data disappoints, and geopolitical uncertainty dominates the headlines, it’s easy to feel like the ground is shifting beneath your feet. But reactive investing — selling in a panic or chasing the latest trend — is one of the biggest threats to a retirement portfolio. At Dupree Financial Group, every client gets a separately managed account with direct access to their portfolio managers — not an assigned counselor at a call center. Your portfolio is built around your retirement timeline, your income needs, and your risk tolerance, with quality dividend-paying companies that provide income even when markets get choppy. If you don’t know what you own in your portfolio, you need to. Call (859) 233-0400 or schedule your complimentary portfolio review online to find out how a personalized approach could help protect — and grow — your retirement income. Listen to the full episode and explore more market insights on The Financial Hour podcast archive. Hear from clients who’ve made the switch to personalized investment management. Dupree Financial Group is a registered investment advisor (RIA) registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. The information provided in this blog post and podcast is for educational purposes only and should not be considered personalized investment advice. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. Please consult with a qualified financial professional before making any investment decisions. For more information, please review our firm disclosures on SEC.gov. The post Oil Prices Surge 30%: What Rising Market Volatility Means for Your Retirement Portfolio appeared first on Dupree Financial.

Plus: a Toyota-affiliated auto parts supplier makes a takeover bid for a Japanese chipmaker. And the Securities and Exchange Commission drops its fraud case against crypto billionaire and Trump donor Justin Sun. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jon Hartley and Jim Esposito discuss Jim's beginnings, his career in senior roles at Goldman Sachs in New York and London, and moving to Miami to run one of the world's largest broker-dealer and market makers, Citadel Securities. They also discuss the rising role Miami is playing in global capital markets (becoming “Wall Street South”) with Citadel's moving its headquarters there, ongoing trends in the economy, and the rising role of AI in finance and business. Recorded on February 27, 2026. ABOUT THE SERIES Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information about the podcast, or subscribe for the next episode, click here.

Please join Ralf Preusser in conversation with Alex Cohen, Stephen Juneau and Meghan Swiber to discuss the US labor market. The US rate market continues to look for an anchor against the backdrop of the twin uncertainty shocks of AI and now Iran. Given developments in the Middle East it may seem backward looking to focus on payrolls, and retail sales. We disagree. Data remains of utmost importance in providing some signal about the underlying path that the US economy is taking after the shutdown. In driving risk asset performance, Friday's data may also matter more than usual for the FX market.   Disclosure: You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.   "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2026 Bank of America Corporation. All rights reserved.

The Administration tells us that a new "Golden Age" for the American economy is now underway, and that we should see substantial material incremental GDP growth this year from the policies it has put in place through acts like the One Big Beautiful Bill, tax relief, deregulation, tariffs and new trade deals purported to bring $trillions of new foreign investment into the US.Today's guest, however, is much more skeptical of the promise of these policies as well as the overall prospects for the economy.And now the US is at war with Iran. How will that impact the situation?For guidance, we turn to highly-respected economist & award-winning researcher David Rosenberg, founder & president of Rosenberg Research.LAST CHANCE! REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conference#bearmarket #marketcorrection #jobs _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Hosts Megan Beaver and Savanna Williams talk to Rachel Park and Lisa Umans about the regulation of the organ procurement industry, recent congressional interest in the space, and the latest updates from the Centers for Medicare and Medicaid Services (CMS).  This podcast episode features the following speakers: Rachel Park is a senior counsel in Crowell & Moring's Washington, D.C. office and a member of the firm's Health Care Group. She advises clients on a wide array of health care matters, including Medicare and Medicaid reimbursement, managed care litigation, and health care fraud investigations and oversight. Prior to joining Crowell, she served for 24 years at the U.S. Department of Health and Human Services (HHS), most recently as principal deputy general counsel, the highest-level nonpolitical appointee in the HHS Office of the General Counsel.  Lisa Umans is a partner in Crowell & Moring's New York office and a member of the firm's White Collar and Regulatory Enforcement group and Financial Services group. She represents large institutional clients and individuals in federal and state regulatory and criminal investigations conducted by grand juries, congressional committees, and domestic and international law enforcement and regulatory agencies including the Department of Justice's Criminal and Antitrust Divisions, U.S. Attorney's Offices, Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Financial Industry Regulatory Authority (FINRA), and various State Attorneys General. Payers, Providers, and Patients – Oh My! is Crowell & Moring's health care podcast, discussing legal and regulatory issues that affect health care entities' in-house counsel, executives, and investors.

Alex Thorn talks with Dan Matuszewski (CMS Holdings) about the state of the market, how it compares to prior Bitcoin bear markets, prediction markets, perps, policy, and more. Alex also talks to Beimnet Abebe (Galaxy Trading) about geopolitics, market impacts, and why he's near-term bullish on BTC. Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC.  If the value of such assets increases, those vehicles may benefit, and Galaxy's service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy's public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement.For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 10, 2025, available at ⁠www.sec.gov⁠. This episode was recorded on Wednesday, March 4, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/⁠⁠⁠⁠⁠⁠⁠⁠

On this week's episode of Educational Insights, Ashley Page examines why commercial construction is slowing down and what that means for the U.S. economy. From labor shortages tied to tighter immigration to rising material costs driven by tariffs, he breaks down the key forces slowing new projects across offices, hotels, apartments, and warehouses. He also highlights one bright spot: the rapid expansion of AI data centers, which is quickly becoming a powerful driver of new construction spending. Watch to learn more. Ashley Page, JD, MBA Senior Vice President Wealth Consultant Email Ashley Page here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Commercial Construction Slowdown first appeared on Fi Plan Partners.

Graphene is a 2-dimensional variety of the element carbonIt's what's know as a carbon "allotrope" consisting of a single layer of carbon atoms tightly bound in a hexagonal honeycomb lattice.Graphene is known for its exceptionally high tensile strength, electrical conductivity, transparency, and being the thinnest two-dimensional material in the world.Despite the nearly transparent nature of a single graphene sheet, graphite (formed from stacked layers of graphene) appears black because it absorbs all visible light wavelengths.On a microscopic scale, graphene is the strongest material ever measured.Graphene is a versatile, ultra-strong, and highly conductive material used to enhance batteries (faster charging), create durable anti-corrosion coatings, develop flexible electronics, improve solar panel efficiency, and advance biomedical applications like drug delivery.It acts as a super-material additive in composites, strengthening everything from tennis rackets to car tires.To discuss the coming graphene revolution, we have the good fortune to talk with Kjirstin Breure, President and Chief Executive Officer of HydroGraph Clean PowerSCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#graphene #graphenecoating #hydrograph_____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Please join Ralf Preusser for a discussion on global curve dynamics with Meghan Swiber, Sphia Salim and Paul Ciana. We will explore the recent shift from steepening to flattening pressures and the possible reasons behind it across regions. We will also talk about the technicals and trade implications across US, UK and EUR rates.   You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.   "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2026 Bank of America Corporation. All rights reserved.

A 529 can be a game-changer for paying for education, but only if you use it the right way. In this episode, Regina breaks down 10 expenses that typically qualify for tax-free 529 withdrawals, so you can avoid surprise taxes and penalties when the college bills start hitting. She covers the obvious stuff like tuition, but also the categories that trip people up most, like room and board for off-campus living, groceries, academic fees, and technology. Regina also gets into newer, often-missed uses for 529 funds, including trade programs, K–12 tuition, student loan repayment, and the rules around rolling leftover 529 money into a Roth IRA. If you've ever wondered what a 529 really covers, this is your clean, practical guide to spending it confidently.   Episode Highlights:   0:00 - Intro 0:35 - Episode open, 529 overview 2:32 - Tuition 3:27 - College alternatives 4:30 - Living on/off campus 7:11 - Groceries 8:40 - Academic fees 9:35 - Computers, software and internet access 10:15 - Books and supplies 10:31 - Tuition for K-12 12:00 - Student loan repayment 12:52 - Roth IRA conversion 15:34 - Wrap-up and action item ABOUT REGINA MCCANN HESS   Regina is the author of Super Woman Wealth: How to Become Your Own Financial Hero.  As an advocate for women's financial freedom, she wrote this book to help empower women to take a bigger role in handling their money.     Regina has appeared on Schwab TV, Yahoo Finance, Forbes.com, NTD Television, CBS 3 Philadelphia, Fox 29 Philadelphia, King 5 Seattle, KTLA 5 Los Angeles and Scripps News.  She has also been quoted in numerous articles in publications such as Forbes, Business Insider, U.S. News & World Report, Yahoo Finance, USA Today, USA Wire, Word in Black, WTOP News, Mind Body Green, Money Digest, New York Post, Defender, Authority Magazine, GoBankingRates.com, Scripps and The Muse.   As Founder of Forge Wealth Management, Regina utilizes her 25+ years of financial services experience to help individuals plan, preserve and diversify their wealth.  She focuses on educating her clients while building long-term relationships with them and their families.  Her experience throughout major shifts in the markets, enables Regina to structure balanced portfolios to address specific financial goals. CONNECT WITH REGINA   Website: https://www.forgewealth.com LinkedIn: https://www.linkedin.com/in/reginamccannhess/ Facebook: https://www.facebook.com/ForgeWealth Instagram: https://www.instagram.com/forgewealthmanagement/ YouTube: https://www.youtube.com/@ForgeWealth Email: reginahess@forgewealth.com Securities offered through LPL Financial, Member FINRA/SIPC www.finra.org, www.sipc.org Third-party posts found on this profile do not reflect the view of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.   This material was prepared by Hartford funds. For a list of states in which I am registered to do business, please visit www.forgewealth.com. Hartford Funds is not affiliated with, nor endorsed by LPL Financial, Private Advisor Group, or Forge Wealth Management

What if one of the most meaningful ways to care for your family has nothing to do with gifts or holidays? Planning ahead can ease stress, reduce conflict, and create clarity when it matters most. In this episode, Peter Raskin explains why estate planning is ultimately an act of love for spouses, children, and heirs. He outlines the essential documents every family should understand, including wills, powers of attorney, and trusts. Peter also shares practical steps to simplify finances, avoid probate, and reduce potential estate taxes. Through real-life examples, he highlights how thoughtful preparation protects assets, addresses elder abuse risks, and fosters deeper family conversations across generations. Peter discusses: The purpose of wills, executors, and how proper planning prevents assets from being distributed solely by state law The roles of living wills, healthcare proxies, and financial powers of attorney in medical and financial decision making How revocable and irrevocable trusts function, avoid probate, and help protect assets from creditors or divorce Practical strategies such as consolidating accounts, updating beneficiaries, and transferring property into trusts The importance of family conversations about heirs, remarriage risks, elder abuse prevention, and planning for pets And more! Connect with Peter Raskin:  Raskin Planning Group (617) 728-7433  LinkedIn: Peter Raskin  Facebook: Raskin Planning Group LinkedIn: Raskin Planning Group Schedule a Time with Peter Raskin: Book a Call with Peter This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning. Securities and investment advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. Osaic Wealth is separately owned, and other entities and/or marketing names, products, or services referenced here are independent of Osaic Wealth.

Can fear-based frugality actually hurt your financial health? I'm exploring the fascinating psychology behind why some people struggle to spend even when they're financially secure, from childhood scarcity wiring the brain to see spending as danger to the woman worth millions who couldn't afford a cup of coffee. Spoiler: there's a middle ground between financial anarchy and panic over your checking account balance. To learn more about finding the balance between saving and actually enjoying your wealth, listen now! ________________________________________________________________ SOCIAL LINKS: Facebook: https://www.facebook.com/AaronKatsmanLC/ LinkedIn: https://www.linkedin.com/in/aaron-katsman-6550441/ ________________________________________________________________ SUBSCRIBE TO THE PODCAST: iTunes: https://podcasts.apple.com/us/podcast/the-aaron-katsman-show/id1192234142 Stitcher: https://www.stitcher.com/podcast/the-aaron-katsman-show Spotify: https://open.spotify.com/show/1lePc1pC0giBFV1nzCGsQR ________________________________________________________________ VISIT MY WEBSITE: Website: https://www.aaronkatsman.com/ ________________________________________________________________ CONTACT ME: Email me: aaron@lighthousecapital.co.il ________________________________________________________________ DISCLAIMER: Aaron Katsman is a licensed financial professional both in the U.S. and Israel. Call 02-624-0995 for a consultation on how to handle U.S. brokerage accounts from Israel. This video is for education purposes only and is not intended to give investment, legal or tax advice. If such advice is needed, contact a licensed professional who can help you. Securities offered through Portfolio Resources Group Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not of Portfolio Resources Group Inc., or its affiliates. Neither PRG nor its affiliates give tax or legal advice.

ARE YOU A DIY INVESTOR? LEARN MORE ABOUT 42MACRO'S SOLUTIONS at https://www.thoughtfulmoney.com/diyBy popular demand, Darius Dale, CEO of 42Macro, returns to share his latest macro & market outlook.His model currently predicts "meaningful tailwinds for risk assets", expecting stocks -- particularly international equities, cyclicals and small caps, to perform well from here.To see the specific allocation his KISS model is currently recommending, watch this video.#bullmarket #smallcapstocks #internationalstocks _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Send a textFinancial Advisor Tim Russell, CFP® and Tyler Rutherford discuss the concept of Financial Finish Lines.See the show notes here!Subscribe to "Life in the Markets" PodcastBuy our new book: The Good StewardWealth Management from a Biblical WorldviewStewardship Seminars from a Biblical WorldviewLearn more at: StewardologyPodcast.comSchedule a Personal Stewardship Review at: StewardologyPodcast.com/ReviewGet in touch with us at: Contact@StewardologyPodcast.comor call us at: (800) 688-5800Send us episode ideas! StewardologyPodcast.com/ideaSubscribe to get episodes delivered to your inbox every week.Follow along: Facebook, InstagramA ministry of Life Financial Group & Life Institute.Securities and Advisory Services offered through GENEOS WEALTH MANAGEMENT, INC. Member FINRA and SIPCSubscribe to get episodes delivered to your inbox every week.Follow along: Facebook, InstagramA ministry of Life Financial Group & Life Institute.Securities and Advisory Services offered through GENEOS WEALTH MANAGEMENT, INC. Member FINRA and SIPC

Carl is Co‑President and Co‑CEO of Osterweis Capital Management, a boutique investment firm founded in 1983 with approximately $8 billion in AUM (as of 12/31/25). We discuss public credit through an absolute return lens, with an emphasis on downside risk management, cycle awareness, and where markets may be mispricing risk.-This podcast/webcast is provided for informational purposes only and should not be considered legal, tax, investment, or business advice. It is not a solicitation, recommendation, or endorsement. All opinions expressed by participants are their own and do not necessarily reflect the views of the Evoke Advisors Division of MAI Capital Management, LLC ("Evoke”), its affiliates, or any companies mentioned. Information shared has not been independently verified by MAI or its affiliates. MAI Capital Management, LLC (“MAI”) is registered with the U.S. Securities and Exchange Commission ("SEC"), which does not imply any particular level of skill or training.Certain information contained herein has been obtained from third party sources and such information has not been independently verified. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by any person.While such sources are believed to be reliable, Evoke does not assume any responsibility for the accuracy or completeness of such information. Evoke does not undertake any obligation to update the information contained herein as of any future date.The content is intended for a general audience and does not constitute a recommendation to buy or sell securities or adopt any investment strategy. Any examples or scenarios discussed are illustrative only, involve risks and uncertainties, and do not guarantee future results. Non-traditional assets carry significant risks and may not be suitable for all investors. Decisions should be based on individual objectives, risk tolerance, and circumstances.Statements herein are general and may not reflect an individual's or entity's specific circumstances or applicable laws, which vary by jurisdiction. Further, speakers' views are personal and may differ from Evoke and MAI recommendations and are not specific investment advice; and do not consider client objectives, risk tolerance, and diversification. Guests may have current or past relationships with Evoke and MAI, its affiliates, or the host, including as clients, service providers, or business partners. Participation does not constitute an endorsement or testimonial. No compensation has been paid or received for guest participation unless disclosed. MAI and its affiliates may have business relationships with entities mentioned in this podcast, which could create potential conflicts of interest. These relationships may include advisory services, investment management, or other arrangements. MAI seeks to manage such conflicts consistent with its fiduciary obligations and policies.(As of December 22, 2025)

This Day in Legal History: Tenth Circuit ActOn March 3, 1863, Congress passed the Judiciary Act of 1863, quietly reshaping the structure of the United States Supreme Court in the middle of the Civil War. The Act increased the number of Supreme Court justices from nine to ten. This expansion created an additional seat that President Abraham Lincoln could fill at a critical moment in the nation's history. Lincoln soon appointed Justice Stephen J. Field to occupy the new position.The timing of the law was not accidental. The country was deeply divided, and major constitutional questions about executive power, wartime authority, and civil liberties were moving through the courts. By enlarging the Court, Congress ensured that Lincoln would have greater influence over the judiciary's direction. Although altering the size of the Court was constitutional, it carried clear political implications.The Constitution does not fix the number of Supreme Court justices. Instead, Congress has authority to determine the Court's size through legislation. This structural flexibility has allowed lawmakers to adjust the Court in response to political and practical concerns. The Judiciary Act of 1863 stands as one example of how institutional design can intersect with national crisis.The legal element worth highlighting is Congress's constitutional power to set the size of the Supreme Court. Article III establishes the Court but leaves its structure largely to Congress. This separation of powers detail is significant because it shows that the judiciary's composition is not self-defining. I chose this element because it explains how a simple statute, passed during wartime, could alter the balance of influence within the highest court in the country without amending the Constitution.The U.S. Supreme Court heard arguments over whether a federal law prohibiting illegal drug users from possessing firearms violates the Second Amendment. The case arose after federal prosecutors charged Ali Hemani, a Texas resident who admitted to regular marijuana use, with unlawful gun possession under the Gun Control Act. A lower court dismissed the charge, and the 5th U.S. Circuit Court of Appeals upheld that decision, concluding there was no historical basis for disarming a sober person who was not under the influence at the time of possession.The Justice Department, under President Donald Trump, appealed to the Supreme Court. The administration argued that the restriction is comparable to 19th-century laws that allowed authorities to disarm habitual drunkards. Hemani, supported by the American Civil Liberties Union, countered that regular marijuana users are not historically analogous to those groups and that the statute is too vague because it does not clearly define who qualifies as an “unlawful user.”The dispute comes as the Court continues to apply the history-focused test it announced in New York State Rifle & Pistol Association v. Bruen, which requires modern gun regulations to align with the nation's historical tradition of firearm regulation. The case also echoes the 2024 conviction of Hunter Biden under the same statute, though he was later pardoned. With a 6–3 conservative majority, the Court has recently taken an expansive view of gun rights and is weighing multiple challenges to firearm regulations.US Supreme Court scrutinizes gun ownership ban for illegal drug users | ReutersA recent policy shift by the U.S. Securities and Exchange Commission has given public companies greater control over which shareholder proposals appear on annual meeting ballots. In November, the agency stopped its long-standing practice of having staff formally review and approve companies' decisions to exclude certain proposals. Instead, corporate executives now have more discretion to determine what goes into proxy statements.Investor advocates say the change has created confusion and weakened shareholder rights, especially in disputes involving environmental, social, and governance issues. The new approach has already led to lawsuits against companies including PepsiCo, AT&T, and Axon Enterprise. In several instances, companies initially declined to include shareholder proposals but reversed course after being sued. For example, PepsiCo agreed to allow a vote on an animal-welfare proposal shortly after litigation was filed. AT&T similarly settled a lawsuit brought by New York City pension funds by permitting a vote on workforce diversity disclosures.Other disputes remain pending, including a case against Axon over a proposal related to political contributions. Activists argue that without clearer guidance from regulators, shareholders must turn to the courts to protect their ability to file resolutions. Despite concerns that the rule change would dramatically increase exclusions, early data suggests companies have blocked proposals at roughly the same rate as in prior years.Trump's SEC gave companies more power over investors. Lawsuits pushed them back | ReutersThe U.S. Supreme Court declined to hear an appeal from computer scientist Stephen Thaler, leaving intact a lower court ruling that works created solely by artificial intelligence are not eligible for copyright protection. The decision lets stand a ruling from the U.S. Court of Appeals for the D.C. Circuit that agreed with the U.S. Copyright Office that only human authors can register copyrighted works.Thaler sought protection for a two-dimensional image titled “A Recent Entrance to Paradise,” which was generated by his AI system known as the Creativity Machine. He argued that the Copyright Act does not explicitly require human authorship and that the agency improperly read that limitation into the statute. The D.C. Circuit rejected that claim, reasoning that multiple provisions of the law assume an author is a human being, particularly sections dealing with lifespan and inheritance rights.Thaler also contended that, as the system's owner and programmer, he should qualify for copyright under work-for-hire principles or property law concepts. The government responded that a valid work-for-hire arrangement requires a written agreement and cannot apply to a nonhuman creator. This dispute echoes Thaler's earlier, unsuccessful effort to secure patent rights for an AI-generated invention, which the Supreme Court also declined to review in 2023.Justices Reject Appeal Over Copyright For AI-Created Art - Law360 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

It's tax season!  In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden dive into the horror and torture of filing your annual tax returns.  We may not be accountants, but we can certainly commiserate. In this episode we discuss: Some basics of taxation, including where your tax money goes and why it feels so challenging to tackle the filing process. A few ways to reduce your taxable income AND increase your savings through workplace retirement plans and things like Health Savings Accounts. Suggestions on how to stay organized to ease the process a bit. Encouragement to outsource tax planning to professionals if/when you feel overwhelmed. Often paying your taxes is not too terrible, but the process of completing and filing your return can cause anxiety and fear.  Our tax system is complicated, and it is not uncommon to feel like you've missed something.  It may be worth a little money to offload that worry and concern.  Listen to the full episode to hear more. For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

Static strategic asset allocation no longer suffices in a world shaped by mega forces. Devan Nathwani, Portfolio Strategist at the BlackRock Investment Institute, explains why It's crucial to revisit key calls and focus on underlying economic drivers. General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast.In the U.S. and Canada, this material is intended for public distribution.In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.For Investors in Switzerland: This document is marketing material.In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL). This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL's Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdictionIn Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. For more information on the Investment Advisory Services offered by BlackRock Mexico please refer to the Investment Services Guide available at www.blackrock.com/mx©2026 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BII0226-5260467-EXP0227

Technical Levels and Market Support From a technical standpoint, the market has shown notable resilience despite geopolitical tension. The S&P 500 is currently trading around 6,845, holding up well in the wake of weekend developments. While volatility may persist, it is important to evaluate where meaningful support levels lie. The first key support range sits between approximately 6,522 and 6,630, roughly a 3–5% decline from current levels. This area corresponds closely with the 200-day moving average, a widely followed long-term technical indicator. Further support exists near the 6,150 to 6,200 range. This level represents last year's breakout zone and would equate to a more typical 10% market correction. Corrections of this magnitude are historically normal within broader uptrends. Importantly, the market remains in an established uptrend. Identifying these “lines in the sand” does not imply that a significant decline is imminent. Rather, it provides a structured framework for evaluating risk should volatility increase. A Healthier, Broader Market Beyond technical levels, underlying market strength offers encouraging signs. One of the most constructive developments in recent months has been the broadening of market participation. In prior years, performance in the S&P 500 was largely concentrated in a small group of mega-cap stocks, often referred to as the “Magnificent Eight.” A healthy bull market, however, is characterized by broader participation across sectors and market capitalizations. Since October of last year, performance has expanded beyond the largest names. Mid-cap and smaller companies have demonstrated improved strength, while many of the previously dominant mega-cap stocks have underperformed relative to the broader index. This rotation signals improving market breadth and positive structural development. Broader participation creates a more stable foundation for equity markets, particularly during periods of geopolitical uncertainty. As the second quarter of the midterm election year unfolds, a period that has historically experienced weakness, the strengthening internal dynamics of the market provide a constructive backdrop. Oil, Inflation, and the “First Casualty” There is a longstanding saying that the first casualty of any conflict is the truth. Early reports during geopolitical crises are often incomplete or inaccurate. Reacting emotionally to initial headlines can lead investors astray. Instead, the focus should remain on measurable data, particularly price action across key markets. In the current environment, oil prices serve as a primary barometer. Historically, Middle East conflicts have had direct implications for crude oil supply and pricing. A review of West Texas Intermediate (WTI) crude over the past five years illustrates this clearly. During the 2022 conflict in Ukraine, oil prices surged above $120 per barrel and remained elevated above $100 for an extended period. Today's price movement is far more muted. WTI crude has risen to just above $72 per barrel, up from recent lows near $50, but significantly below the extremes seen in prior conflicts. This comparatively restrained reaction suggests markets are not yet pricing in a severe supply disruption. Statements from OPEC members signaling potential production increases may also be helping temper price spikes. Oil matters not only at the gas pump, but more critically through its influence on inflation. Elevated energy prices can make inflation “stickier,” complicating the Federal Reserve's efforts to lower interest rates. As inflation persists, interest rates may remain higher for longer. The 10-year U.S. Treasury yield remains another key indicator. In recent years, yields moving above approximately 4.5% have coincided with equity market weakness. As long as rates remain within the low-4% to 4.5% range, the broader market environment has tended to remain constructive. The interplay between oil, inflation, interest rates, and equity valuations ultimately determines portfolio outcomes. At present, inflation and rates remain within manageable ranges, and the broader market structure, both technically and fundamentally, remains intact. That does not eliminate risk, but it does suggest there is no immediate evidence that the prevailing uptrend has reversed. Disciplined investors avoid knee-jerk reactions. Instead, they monitor price signals, assess incoming data, and make measured adjustments only when warranted. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post “The Truth is the First Casualty.” first appeared on Fi Plan Partners.

Yesterday the US & Israel conducted joint strikes on Iran's leadership and critical infrastructure.We are now at war.What will the likeliest implications be?To address, RANE's Mideast analyst Ryan Bohl just joined me for a livestream this morning where he provided his latest assessment of the situation and his best forecast of what lies ahead.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#iran #middleeast #war 00:00 - Introduction and Welcome01:25 - Details of the Joint US-Israeli Strikes on Iran03:34 - Iran's Retaliation Across the Gulf Region05:06 - Confirmation of US Casualties05:59 - Extent of Decapitation in Iranian Leadership06:57 - Structure and Resiliency of Iran's Government09:36 - Information on New Interim Leaders10:29 - Continued Iranian Command and Control10:44 - US and Israeli Strike Plans and Air Superiority11:52 - Odds of Achieving Total Air Superiority13:55 - Assessment of Iran's Response Strength16:28 - US and Israeli Intelligence Capabilities in Iran19:52 - Breakdown of US-Iran Talks20:03 - Iran's Strikes on Regional Neighbors21:07 - Potential Uniting of the Region Against Iran24:26 - Neighbors' Preferences for Stable Regime or Change26:56 - Factors Leading to the Current Escalation28:45 - Nuclear Program as the Breaking Point29:02 - Timing of the Decision to Strike Now31:12 - Striking Iran as an 80/20 Global Issue33:56 - Domestic and International Support Dynamics35:53 - Viability of Regime Influence Strategy in Iran37:23 - Likelihood of Carrot-and-Stick Approach Succeeding39:44 - Odds of Domestic Uprising Removing the Regime44:26 - Implications of Cheering Footage and Expat Reactions47:03 - Prospects for the Shah's Son Returning49:20 - Worst-Case Scenario Outcomes52:41 - Best-Case Scenario for Iran54:35 - Potential for a Better World if Conflicts Resolve57:04 - Geopolitical Competition Persisting Globally58:20 - Implications for Global Markets and Commodities59:31 - Counsel for Those Fearing World War III_____________________________________________Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

If you’re thinking about retirement — or already living in it — one of the biggest questions you face is how to generate consistent income from your portfolio without running out of money. On this special edition of The Financial Hour of The Tom Dupree Show, hosts Tom Dupree Jr., Mike Johnson, and James Dupree dive deep into why dividend investing has become the foundation of how Dupree Financial Group builds retirement portfolios. From understanding how dividends actually work to why emotional decisions can cost you decades of returns, this episode is packed with insights for anyone who wants their money to keep working — even when markets get rocky. What Is a Dividend and Why Does It Matter in Retirement? Before diving into strategy, it helps to understand what a dividend actually is. As Mike Johnson explained on the show, “A dividend is just a portion of the earnings that are paid out to shareholders of a company. When you own shares of X, Y, Z company, you are an owner of that company.” Here’s the distinction that matters most for people in retirement: when a company declares a dividend, they declare a dollar amount per share — not a percentage. This means if you own 100 shares of a company paying $1 per share annually, you receive $100 in income regardless of what happens to the stock price. The yield percentage you see quoted on financial news is simply the dividend payment relative to the current share price. This is a critical concept for retirement income planning. As the SEC’s investor education resources explain, understanding the difference between yield and dollar-per-share income can fundamentally change how you approach portfolio withdrawals. How Dividends Protect Your Retirement Portfolio During Market Downturns One of the most common concerns for retirees is what happens to their income when markets decline. Mike Johnson addressed this directly: “When you have a period where the price goes down, and you’re taking withdrawals — if it’s not paying a dividend, you’re forced to liquidate something to produce that withdrawal. But with the dividends, if the share price goes down, unless there’s something wrong with the company, it’s still paying the dividend.” This is what investment professionals call avoiding the negative compounding of withdrawing principal — selling shares at depressed prices to fund living expenses, which permanently reduces your portfolio’s ability to recover. Dividend income allows retirees to meet their cash flow needs without being forced to sell at the worst possible time. Key takeaways on how dividends protect retirement income: Income stability in down markets: Dividend payments are determined by the underlying business, not short-term stock price movements driven by politics, tariffs, or market fear. Avoiding forced liquidation: Retirees who rely on selling shares for income are most vulnerable during the exact periods when selling hurts the most. Opportunity during volatility: When quality dividend stocks decline due to broad market selling, it creates opportunities to buy at higher current yields — which is exactly what Dupree Financial Group did during the April market pullback. Inflation protection through dividend growth: Companies with long histories of raising dividends often increase payouts faster than the rate of inflation, providing a natural cost-of-living adjustment that bonds cannot offer. What to Look for in a Quality Dividend-Paying Company Not every company that pays a dividend deserves a place in a retirement portfolio. On the show, the team walked through the characteristics they look for when evaluating dividend-paying companies: consistent and growing cash flow, disciplined management that keeps the payout ratio low enough to sustain the dividend through downturns, and a long track record of not just paying but raising the dividend year after year. When a company’s long-term dividend growth rate outpaces inflation — say 7% annually versus inflation running at 2–2.5% — it provides the kind of real purchasing power growth that fixed-income investments simply can’t match. That built-in inflation adjustment is one of the key reasons dividend-paying stocks can be a powerful complement to bonds in a retirement portfolio. This is the type of company-level research that sets personalized investment management apart from autopilot approaches. At Dupree Financial Group, the team regularly conducts direct calls with company investor relations departments — sometimes 15 or more in just a few weeks — to understand the quality of the underlying business, the consistency of cash flow, and the sustainability of the dividend. As Tom Dupree emphasized: “The bottom line is you want to be invested in a company that is a good business, and if you’re going to pay dividends, that they’re not paying everything out in dividends. What is the underlying business that’s generating the cash flow that’s paying those dividends? That’s what you want to know.” Dividends Have Driven Nearly Half the S&P 500’s Total Return The numbers behind dividend investing are striking. According to data discussed on the show and supported by research from S&P Dow Jones Indices, dividends have accounted for approximately 42% of the S&P 500’s total return from 1930 through 2017. Looking at a more recent window — from 1960 through 2024 — reinvested dividends accounted for roughly 85% of cumulative total return. As Mike put it, “Almost the majority of the return has come from reinvested dividends. And you think about it too — a lot of the companies that don’t pay dividends because they didn’t make it to that mature business, those are the ones that end up being a big goose egg.” This long-term data reinforces why Dupree Financial Group’s approach to retirement portfolio management centers on dividend-paying quality companies rather than chasing momentum stocks or speculative trends. The Emotional Cost of Market Timing — and How Dividends Help One of the most powerful segments of the episode focused on the role emotions play in investment returns. James Dupree brought up a statistic that Mike had independently prepared: over a 30-year period ending June 2025, the S&P 500 delivered an annualized return of 8.4%. But missing just the 10 best trading days — out of nearly 11,000 — dropped that return to 5.6%. Miss the best 20 days and you’re down to 3.7%. Miss 30 days and you’re barely keeping pace with inflation at 2.1%. Resources from FINRA’s investor education center consistently reinforce this point: the cost of trying to time the market far exceeds the discomfort of staying invested through volatility. James Dupree highlighted the communication side of this equation: “The result of the education is also very good communication, and through that communication, it takes a lot of the mystery out of the process. What you own and why. And as a result, when the market goes wonky, which it inevitably does, our phones do not ring off the hook because there is confidence in the process.” This kind of relationship — built on education, transparency, and regular communication — is what separates working with a local financial advisor who provides direct access to your portfolio managers from being assigned to an investment counselor at a large national firm. When you know the people managing your money and understand the strategy behind every holding, you’re far less likely to make the emotional mistakes that derail long-term returns. You can hear from other clients about their experience on our client testimonials page. Why Target Date Funds and Autopilot Investing Fall Short in Retirement The episode also addressed a common trap for people approaching retirement: staying in target date funds or other autopilot investment vehicles. Mike explained that a target date fund is an open-end mutual fund — essentially a fund of funds — that automatically adjusts its allocation based solely on a target retirement date. It takes no account of the investor’s personal situation, current market conditions, or individual income needs. As Mike pointed out, “They probably filled that form 30 years ago, and they haven’t updated it since. And now they’re getting closer to retirement, and they still have that target date fund. That’s autopilot.” This is one of the key reasons Dupree Financial Group uses separately managed accounts rather than mutual fund packages. Each client owns individual stocks and bonds in their own account — real companies with real dividends — rather than being pooled into a one-size-fits-all product. This approach allows for active portfolio management, tax-efficient decisions, and the kind of personalized attention that a fee-based fiduciary advisor can provide. Not All High-Yield Stocks Are Created Equal An important caution from the episode: high dividend yield alone is not a reason to buy a stock. Mike emphasized, “We concentrate on quality — quality of the income, quality of the cash flow of the company, and the quality of management. If you’re looking for things just because it has a high yield, that can get you into big trouble.” The Dupree team actively manages current yield across the portfolio, trimming positions that have appreciated significantly (and whose yield has declined) in favor of quality companies offering higher current income. This dynamic approach — grounded in ongoing company research and regular client reviews — is part of what makes a personalized portfolio analysis so valuable for people approaching or living in retirement. Schedule Your Complimentary Portfolio Review If you’re thinking about retirement or are already retired and want to understand whether your portfolio is positioned to generate reliable income through market ups and downs, schedule a complimentary portfolio review with Dupree Financial Group. The team will walk you through what you own, why you own it, and how a dividend-focused income strategy could work for your situation.

Stocks have been trading sideways for months now -- since Halloween of last year.Portfolio manager Lance Roberts sees the market now at a "very important crossroads".Which path will it take when it breaks out of this trading range?Lance and I discuss the odds, as well as the latest inflation and AI news, rising private credit concerns, the new expansion in US manufacturing, as well as Lance's firm's latest trades.For everything that mattered to markets this week, watch this video.REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conference#inflation #artificialintelligence #stockmarkets _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

U.S. Economist Matt Bush and Market Strategist Maria Giraldo join the latest episode of Macro Markets to discuss insights from our new white paper, “AI's Promise and History's Lessons.” They explore how artificial intelligence is driving innovation and long-term productivity gains, even as it creates short-term disruptions in labor markets and deepens economic divides. Learn how investors can position for the challenges and opportunities ahead.Related Content:AI's Promise and History's Lessons Our new paper addresses the economic and market implications of AI in the context of investment opportunities across infrastructure, equity, and credit markets. [Read Now]Macro Markets: Fixed Income Outlook: Sunny with a Chance of Tail Risks Steve Brown, Chief Investment Officer for Fixed Income, joins Macro Markets to review current market conditions for bonds and discuss our economic outlook and portfolio strategy for the coming year.[Listen Now] First Quarter 2026 Fixed-Income Sector ViewsOur investment team evaluates sectors across the fixed-income market.[Read Now]Investing involves risk, including the possible loss of principal. In general, the value of a fixed-income security falls when interest rates rise and rises when interest rates fall. Longer term bonds are more sensitive to interest rate changes and subject to greater volatility than those with shorter maturities. High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility. Private debt investments are generally considered illiquid and not quoted on any exchange; thus they are difficult to value. The process of valuing investments for which reliable market quotations are not available is based on inherent uncertainties and may not be accurate. Further, the level of discretion used by an investment manager to value private debt securities could lead to conflicts of interest.This material is distributed for informational or educational purposes only and should not be considered a recommendation of any particular security, strategy, or investment product, or as investing advice of any kind. This material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. The content contained herein is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation.This material contains opinions of the author but not necessarily those of Guggenheim Partners or its subsidiaries. The author's opinions are subject to change without notice. Forward-looking statements, estimates, and certain information contained herein are based upon proprietary and non-proprietary research and other sources. Information contained herein has been obtained from sources believed to be reliable, but are not assured as to accuracy. No part of this article may be reproduced in any form, or referred to in any other publication, without express written permission of Guggenheim Partners, LLC. Past performance is not indicative of future results. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information.Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC. Securities offered through Guggenheim Funds Distributors, LLC.© 2026 Guggenheim Partners, LLC. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of Guggenheim Partners, LLC.SP 67841

The last time housing analyst Melody Wright was on this program, she warned that home prices could fall by up to 50% in certain markets over the next few years as the housing market experiences a national correction.Does she still feel that way?Yes. And she thinks the pace of contagion is accelerating as the correction spreads to more & more states,She warns of a coming wave of distressed sellers that will really start to speed things up.To find out details why, watch this video.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#housingmarket #homeprices #realestate _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

As the title suggests, there are a lot of ways to handle stock options. In this episode, we'll break down how stock options work and the real strategies we help clients employ. We also share some of the variables you should weigh as you determine how best to handle your equity compensation. Ready to level up your equity comp plan? Let's dive in.

Alex Thorn talks with Zack Pokorny (Galaxy Research) about crypto lending markets, DAO and AI agents having issues with legal personhood, prediction markets and what rulemaking might say about insider information and market manipulation, and Coinbase's announcement that their Ethereum L2 Base is leaving the Optimism Superchain. Alex also talks with Beimnet Abebe (Galaxy Trading) about market risks from AI anxiety and geopolitical tensions. Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC.  If the value of such assets increases, those vehicles may benefit, and Galaxy's service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy's public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement.   For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 10, 2025, available at ⁠www.sec.gov⁠. This episode was recorded on Wednesday, February 25, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/⁠⁠⁠⁠⁠⁠⁠⁠

Today's guest has long been warning that the US -- as well as many other countries -- is now in an era of fiscal dominance.That's when fiscal spending gets out of control, like a runaway train.It becomes so large that it becomes the primary determinant of economic growth and inflation -- steamrolling over any impact of monetary policy or private sector lending.Today's guest is famous for predicting "Nothing stops this train"But can its momentum be slowed, buying the system more time?And does AI offer a chance to improve the situation?For answers, we are very fortunate to welcome back to the program Lyn Alden, investment strategist & author of the book "Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better"REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conference#deficit #artificialintelligence #inflation _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

This Day in Legal History: Hiram Rhodes RevelsOn February 25, 1870, Hiram Rhodes Revels was sworn in as the first African American to serve in the United States Senate. His election came during the turbulent Reconstruction era that followed the Civil War, a period defined by constitutional change and political uncertainty. Revels represented Mississippi, a former Confederate state that had only recently been readmitted to the Union. In a moment heavy with symbolism, he filled the Senate seat once held by Jefferson Davis, the former president of the Confederacy. The contrast between the two men reflected the profound transformation taking place in American law and government.Revels' swearing-in came after the ratification of the 13th, 14th, and 15th Amendments, which abolished slavery, guaranteed equal protection, and protected voting rights regardless of race. His presence in the Senate gave tangible meaning to those constitutional promises. Yet his path to office was not without challenge. Some senators argued that he did not meet the Constitution's nine-year citizenship requirement, claiming that the Supreme Court's decision in Dred Scott v. Sandford had denied Black Americans citizenship before the Civil War. Supporters countered that the 14th Amendment had settled the question of citizenship, making Revels eligible to serve. The Senate ultimately voted to seat him, affirming the legal force of the Reconstruction Amendments.Revels served only a brief term, but his impact was lasting. His election marked a rare window in American history when federal power was actively used to expand civil and political rights in the South. Although Reconstruction would eventually give way to decades of segregation and disenfranchisement, February 25, 1870 stands as a reminder of a constitutional moment when the nation attempted to redefine equality under the law.The U.S. Securities and Exchange Commission released its first major update to its enforcement manual in eight years, outlining a new vision focused on fairness and transparency. SEC Chairman Paul Atkins described the revisions as overdue and said the agency will now review the manual annually. The updated 115-page guide provides clearer direction on how enforcement investigations will proceed and what options are available to individuals and companies under scrutiny.One key change involves the Wells process, which notifies potential defendants that SEC staff intend to recommend enforcement action. Under the revised policy, recipients of a Wells notice will have four weeks to submit a written response. After filing that response, they may request a meeting with senior leadership in the Division of Enforcement to argue against pursuing charges or to present their perspective on the case.Atkins has previously indicated that reforming the Wells process is a priority, emphasizing the need for accurate and carefully considered enforcement actions. Enforcement Division Director Meg Ryan also noted that a persuasive Wells response can influence whether commissioners ultimately approve a case. The manual further reinstates the ability of settling parties to request waivers from automatic industry bars that can follow enforcement actions. In addition, it introduces clearer guidance on how cooperation may reduce penalties and explains how the SEC may coordinate with criminal authorities. Overall, the agency says the revisions aim to clarify how it enforces federal securities laws and strengthen public confidence in the process.SEC Lays Out New Enforcement Vision In Revised Guidelines - Law360Paramount Skydance has submitted a revised proposal to acquire Warner Bros. Discovery, as a bidding battle with Netflix continues. The new offer follows the expiration of a seven-day waiver period under WBD's existing merger agreement with Netflix. For Paramount's deal to move forward, WBD's board must first determine that the revised bid qualifies as a “Company Superior Proposal” under the Netflix agreement. After that, a four-business-day match period would need to pass, the Netflix agreement would have to be terminated, and a new definitive agreement would need to be signed with Paramount.While the board reviews the updated proposal, Paramount said it will keep its tender offer in place and continue urging shareholders to reject what it calls the less favorable Netflix transaction. The rivalry between the bidders has spilled into public statements, with Paramount criticizing the structure of the Netflix deal as potentially reducing shareholder value. Netflix has pushed back, accusing Paramount of mischaracterizing regulatory issues and focusing on appearances rather than results.WBD confirmed it received the revised bid but reiterated that its current merger agreement with Netflix remains active and that the board still recommends the Netflix deal. Specific terms of Paramount's updated offer were not disclosed, though it recently added financial safeguards, regulatory commitments, and an offer to cover the breakup fee if WBD exits the Netflix agreement. Netflix's agreement to acquire WBD's studio and streaming operations is valued at about $82.7 billion, while Paramount's competing proposal to purchase the entire company is valued at roughly $108.4 billion.Paramount Revises WBD Offer As Netflix Bid War Goes On - Law360​​A federal judge has temporarily barred prosecutors from freely searching devices seized from a Washington Post reporter during a national security leak investigation. The FBI searched reporter Hannah Natanson's home in January and took electronic devices as part of a probe into the alleged disclosure of government secrets. Natanson, who has reported on President Donald Trump's efforts to dismiss large numbers of federal employees, has not been charged with any crime.U.S. Magistrate Judge William Porter ruled that the government may not conduct an unrestricted review of the seized materials. Instead, he said the court will oversee the examination of the devices to ensure that journalistic protections are respected while still allowing investigators to seek relevant evidence. Porter rejected the Justice Department's request to let prosecutors carry out a broad, unsupervised search.Justice Department attorneys had argued that reviewing the materials was essential to a criminal investigation involving national security concerns. They proposed using a separate FBI “filter team” to screen the data and remove irrelevant content before investigators accessed it. The judge's order reflects an effort to balance press freedom with the government's authority to pursue evidence in sensitive cases.US judge blocks search of Washington Post reporter's devices | ReutersA California woman is set to testify in Los Angeles that her early use of Instagram and YouTube harmed her mental health, in a closely watched trial against Meta and Google. The plaintiff, identified as Kaley G.M., says she began using YouTube at age six and Instagram at nine, and later struggled with depression and body dysmorphia. Her attorneys argue the companies deliberately designed their platforms to attract and retain young users despite being aware of potential psychological risks.The case is part of a broader international push to address the impact of social media on children, with some countries already imposing restrictions. Earlier phases of the trial focused on what the companies knew about the effects of their platforms on young users and how they targeted that demographic. Now the proceedings are turning to Kaley's personal experiences and whether the platforms substantially contributed to her mental health challenges.To succeed, her legal team must prove that the design or operation of the platforms was a significant factor in causing or worsening her condition. Meta has pointed to her history of family instability and alleged abuse as alternative explanations for her struggles. Her lawyer, however, referenced internal company research suggesting that teens facing difficult circumstances were more likely to use Instagram compulsively.The lawsuit also challenges features such as autoplay videos, endless scrolling, “like” buttons, and beauty filters, which the plaintiff claims encouraged prolonged use and distorted self-image. YouTube's defense argues that she did not fully use available safety tools and presented data indicating her recent average viewing time was relatively limited.Woman suing Meta, YouTube over social media addiction takes the stand at trial | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Rit Amin is Executive Managing Director and Head of Capital Markets at Regions Securities, the investment banking arm of Regions Bank.  Rit has overseen the firm's entry into capital markets, as well as the acquisition of BlackArch Partners in 2016 and Clearsight Advisors in 2021.  His visit to Middle Market Musings begins with frequent childhood moves – experiences that helped develop the adaptability and room-reading skills at the heart of the investment banking trade. College at George Mason followed by big bank experience led Rit to Regions Bank in 2013.  Much discussion about where 300+ bankers adhere to a common culture and where they focus on specialized practice strength.  The discussion also features a rare point of agreement between Andy and Charlie – the general suckiness of Ted Lasso.

This episode is a bit different, and I am in the hot seat. Dan Harris (@danharris) interviewed me for his show, the 10% Happier with Dan Harris podcast, and I thought it was worth sharing here. Dan is a wonderful interviewer, and we got in the zone. He is also the bestselling author of 10% Happier and Meditation for Fidgety Skeptics: A 10% Happier How-To Book.This episode is brought to you by:Cresset family office services for CEOs, founders, and entrepreneurs: CressetCapital.com/TimAG1 all-in-one nutritional supplement: DrinkAG1.com/TimWealthfront high-yield cash account: Wealthfront.com/TimNew clients get 3.30% base APY from program banks + additional 0.75% boost for 3 months on your uninvested cash (max $150k balance). Terms and conditions apply. The Cash Account offered by Wealthfront Brokerage LLC (“WFB”) member FINRA/SIPC, not a bank. The base APY as of 1/30/26 is representative, can change, and requires no minimum. Tim Ferriss, a non-client, receives compensation from WFB for advertising and holds a non-controlling equity interest in the corporate parent of WFB, which creates a conflict of interest. Individual experiences and outcomes will differ. Instant withdrawals may be limited by your receiving firm and other factors. Investment advisory services provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Securities investments: not bank deposits, not bank-guaranteed or FDIC-insured, and may lose value.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceDollar Milkshake Theory developer Brent Johnson has released another report on stablecoins, emphasizing their tremendous potential to upend the global monetary system.He's shouting loudly about this because he sees most of Wall Street vastly unprepared for what's about to happen.It's largely treating stablecoins as a niche amusement, instead of the Omega-level disruptor Brent thinks it will prove to be.In fact, he thinks stablecoins will impact the global monetary order on the same level as the Bretton Woods accord, or when the dollar moved off the gold standard.To learn why, and what the implications will likely be, watch this video.#stablecoin #stablecoins #dollar _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

An Interview with Nick Morgan, Founder and President, Investor Choice Advocates Network (ICAN) For decades, small investors and entrepreneurs who run afoul of the Securities and Exchange Commission have faced a stark reality: challenge a powerful federal agency with seemingly unlimited resources or settle. The result is a staggering 98% settlement rate that has led to ruined businesses, lost opportunities, and forever changed lives. Our guest on this episode of Voices of Freedom is doing something about it. Nick Morgan is Founder and President of the Investor Choice Advocates Network, or ICAN, a nonprofit public interest law firm that provides free legal representation to small investors and entrepreneurs facing SEC overreach. Before founding ICAN, Nick spent seven years as senior trial counsel at the SEC, followed by 18 years in private practice defending clients against securities enforcement actions. His insider's perspective revealed how heavily the deck is stacked against ordinary Americans trying to pursue economic opportunity — and drove him to act. Topics Discussed on this Episode: How the SEC's structure and incentives undermine fairness for small investors and entrepreneurs ICAN's mission and the clients it serves Building legal precedent through strategic litigation and regulatory reform advocacy The proper balance between investor protection and economic freedom What gives Nick hope that the balance of power between individual Americans and the SEC can shift

Send a textIn this episode of Stewardology, we're joined by author Peter Smith to discuss his upcoming book, Remember the Poor, and to explore God's heart for the poor as a central part of biblical stewardship.Peter shares his personal journey into mercy ministry, what Scripture teaches about God's care for the vulnerable, and why remembering the poor is not optional for Christians, but a core expression of faithful stewardship, justice, and love of neighbor. We also talk about poverty as more than a financial issue, how to lead with mercy, and what faithful, everyday care for the poor can look like in real life.Purchase Remember the Poor from Grass Market Press: https://grassmarket.press/See the show notes here!Subscribe to "Life in the Markets" PodcastBuy our new book: The Good StewardWealth Management from a Biblical WorldviewStewardship Seminars from a Biblical WorldviewLearn more at: StewardologyPodcast.comSchedule a Personal Stewardship Review at: StewardologyPodcast.com/ReviewGet in touch with us at: Contact@StewardologyPodcast.comor call us at: (800) 688-5800Send us episode ideas! StewardologyPodcast.com/ideaSubscribe to get episodes delivered to your inbox every week.Follow along: Facebook, InstagramA ministry of Life Financial Group & Life Institute.Securities and Advisory Services offered through GENEOS WEALTH MANAGEMENT, INC. Member FINRA and SIPCSubscribe to get episodes delivered to your inbox every week.Follow along: Facebook, InstagramA ministry of Life Financial Group & Life Institute.Securities and Advisory Services offered through GENEOS WEALTH MANAGEMENT, INC. Member FINRA and SIPC

Jack is the Co‑Founder and Executive Chair of Income Research + Management (IR+M), a specialist fixed income firm managing approximately $131B (as of 12/31/25). We cover his father‑son origin, first‑principles discipline, and how focus and culture power a client‑first edge—plus independence, balance, succession, and where their portfolio construction diverges.-This podcast/webcast is provided for informational purposes only and should not be considered legal, tax, investment, or business advice. It is not a solicitation, recommendation, or endorsement. All opinions expressed by participants are their own and do not necessarily reflect the views of the Evoke Advisors Division of MAI Capital Management, LLC ("Evoke”), its affiliates, or any companies mentioned. Information shared has not been independently verified by MAI or its affiliates. MAI Capital Management, LLC (“MAI”) is registered with the U.S. Securities and Exchange Commission ("SEC"), which does not imply any particular level of skill or training.Certain information contained herein has been obtained from third party sources and such information has not been independently verified. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by any person.While such sources are believed to be reliable, Evoke does not assume any responsibility for the accuracy or completeness of such information. Evoke does not undertake any obligation to update the information contained herein as of any future date.The content is intended for a general audience and does not constitute a recommendation to buy or sell securities or adopt any investment strategy. Any examples or scenarios discussed are illustrative only, involve risks and uncertainties, and do not guarantee future results. Non-traditional assets carry significant risks and may not be suitable for all investors. Decisions should be based on individual objectives, risk tolerance, and circumstances.Statements herein are general and may not reflect an individual's or entity's specific circumstances or applicable laws, which vary by jurisdiction. Further, speakers' views are personal and may differ from Evoke and MAI recommendations and are not specific investment advice; and do not consider client objectives, risk tolerance, and diversification. Guests may have current or past relationships with Evoke and MAI, its affiliates, or the host, including as clients, service providers, or business partners. Participation does not constitute an endorsement or testimonial. No compensation has been paid or received for guest participation unless disclosed. MAI and its affiliates may have business relationships with entities mentioned in this podcast, which could create potential conflicts of interest. These relationships may include advisory services, investment management, or other arrangements. MAI seeks to manage such conflicts consistent with its fiduciary obligations and policies.(As of December 22, 2025)

TO TAKE ADVANTAGE OF ANDY'S JUNK SILVER OFFER go to https://thoughtfulmoney.com/buygoldIs the correction in gold & silver prices over?Are prices about to rally higher again, or is there more room left to fall farther?Precious metals expert Andy Schectman provides his latest outlook for the precious metals and takes live audience Q&A.#goldprice #silverprice #preciousmetals 0:00 - USA Hockey Win Mention1:52 - Andy's Sweatshirt: Triple-Digit Silver3:19 - Clarification on Shanghai VAT Tax5:23 - Driving Factors of Shanghai Premium9:18 - China's Long-Term Resource Strategy12:42 - Update on Delivery Flows15:45 - Gold Deliveries Analysis19:31 - Silver Withdrawals Exceeding Deliveries23:25 - Potential Sovereign Buyers26:44 - Market Correction Engineering31:19 - Where Withdrawn Metal is Going35:14 - Gold and Silver Rally Outlook39:35 - Luke Gromen's Debt Crisis View44:40 - Gold Revaluation and Dollar Devaluation50:41 - Genius Act and Stablecoins55:58 - Central Bank Digital Currencies1:00:00 - Taxable vs Tax-Advantaged Accounts1:05:33 - Reporting Requirements for Sales1:10:11 - Exclusive Junk Silver Offer Update1:15:22 - Practical Buying Advice_____________________________________________Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Markets are laser-focused on the AI buildout, but opportunities shaped by other mega forces abound. Roelof Salomons, Portfolio Strategist at the BlackRock Investment Institute, explains how fiscal expansion tied to geopolitical fragmentation in Japan and Europe is creating new return drivers.General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast.In the U.S. and Canada, this material is intended for public distribution.In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.For Investors in Switzerland: This document is marketing material.In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL). This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL's Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdictionIn Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. For more information on the Investment Advisory Services offered by BlackRock Mexico please refer to the Investment Services Guide available at www.blackrock.com/mx©2026 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BII0226-5236911-EXP0227

While stocks have been stuck in a trading range for months, it has given their Daily Moving Averages time to catch up and for oversold levels to burn off.Technically, this should provide current prices with stronger support to move higher from -- especially if capital starts rotating back into the battered software and AI sectors.Portfolio manager Lance Roberts and I discuss the odds for this, as well as the new Supreme Court decision against tariffs, the latest GDP growth and PCE inflation data, mounting signs of concern in private credit, as well as Lance's firm's latest trades.For everything that mattered to markets this week, watch this video.Get Lance's 10 Immutable Laws Of Building Wealth at https://realinvestmentadvice.com/resources/blog/money-the-10-immutable-laws-of-building-wealth/REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conference#tariffs #bullmarket #privatecredit _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceMacro analyst Stephanie Pomboy shares the top insights fresh on her mind as her Super Terrific Happy Day conference concludes.One of her top expectations for 2026 is the the Administration will do "whatever it takes" to run the economy hot into the midterms.That risks a surge in inflation, though, which could anger voters.A hot economy also doesn't mean the markets will perform similarly. And if they correct materially enough, that will put the brakes on GDP growth.For her top takeaways from the experts who spoke at her conference, watch this video.#gdp #inflation #marketcorrection _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Welcome back, WIFs!In this deeply honest and inspiring episode, Lauren and Michelle are joined by their friend, legal expert, community nerd (her words!), and founder of Posey Law Group, Stephanie Posey. We settle in for a cozy catch-up before diving into a conversation that feels grounded, brave, and beautifully real.Stephanie shares her journey to five years of sobriety—what led her there, what it's taught her, and how choosing an alcohol-free life didn't shrink her world… it expanded it. The sisters talk about what it means to build a life you actually want to be present for, the quiet strength required to change, and how sobriety can be less about restriction and more about freedom.From there, the conversation opens into the very real season of sandwich parenting—caring for children while supporting aging parents—and the emotional and logistical juggle that comes with it. Stephanie reflects on running a small business, staying deeply involved in her local community, and raising a family without losing herself in the process.You'll also hear about Stephanie's Maven program through Posey Law Group, where she helps women start and structure their businesses the right way—legally protected, empowered, and confident from day one. It's practical, powerful, and exactly the kind of support more women deserve.As always, Lauren and Michelle weave in laughter, warmth, and thoughtful reflection on what they're reading, watching, and listening to—before closing out with their Simple Joys of the week.This episode is about resilience. It's about choosing clarity. It's about community, boundaries, and building a life that feels steady and sustainable.Press play, get cozy, and join us for a conversation that reminds you: you can rewrite your story at any timeA heartfelt thank you to Posey Law Group and Chicago Private Wealth Group for supporting this episode and our cozy community.“Chicago Private Wealth Group is made up of wealth advisors Rick Shanley, Matt Arhontas and Robert Buoy.If you're interested in starting a conversation with their team, you can reach them by phone at 708.247.1700, through email at chicagopwg@lplfinancial.com, or by visiting chicagopwg.com. Just mention that you heard about them from our show.Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA & SIPC.”And if you're a woman building a business and want to start on solid legal ground, Stephanie's work at Posey Law Group is a powerful place to begin.

With the era of globalization ending and nationalism on the rise around the world, today's guest has been advocating investors strongly consider the ProSec trade.ProSec is short for "production for Security": aka the sectors essential to national security.Since his last appearance on this channel, in the US, President Trump has proposed a massive 50% increase in military spending next year, and many European nations are considering similar increases.Is betting on further prioritization of national security spending looking even more attractive?How has the ProSec trade been performing so far?To discuss, we're fortunate to welcome to the program, Peter Tchir, Head of Macro Strategy at Academy Securities.REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conference#nationalsecurity #energyinvesting #artificialintelligence _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Demand for US homes is the worst it has ever been, reports housing analyst Nick Gerli of Reventure Consulting.In his opinion, the only two things that will return the housing market to health will be more inventory for sale and lower prices.REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conference#homeprices #housingmarket #mortgagerates _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.