Podcasts about spreads

In this episode, we discuss how Cheap U.S. Treasury valuations may explain part of the optics behind today's tight credit spreads, but fundamental and technical factors remain the primary drivers for market moves. The discussion and content provided within this podcast is intended for informational purposes only and may not be appropriate for all investors. Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to CMR2026-0521-5513952-T

Bishop Hannington

US-Iran conflict widens beyond military targets; Australian government adopts key recommendations to combat Islamophobia; Wallabies warned not to underestimate Italy.

President Donald Trump says foreign governments are still targeting U.S. elections, and he's promising to lock them down. Plus, one senator demanded Todd Blanche meet with Jeffrey Epstein survivors before earning his vote. The meeting happened, but it left some of those survivors deeply dissatisfied. And wildfire smoke is spreading across the U.S., turning skies orange and sending air quality downhill. These stories and more highlight your Unbiased Updates for Friday, July 17, 2026.

President Donald Trump says foreign governments are still targeting U.S. elections, and he's promising to lock them down. Plus, one senator demanded Todd Blanche meet with Jeffrey Epstein survivors before earning his vote. The meeting happened, but it left some of those survivors deeply dissatisfied. And wildfire smoke is spreading across the U.S., turning skies orange and sending air quality downhill. These stories and more highlight your Unbiased Updates for Friday, July 17, 2026.

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Supreme Court Justices Amy Coney Barrett and Elena Kagan urge Congress to approve a larger court budget as escalating threats force unprecedented security measures for the justices and their families. Darline Graham Nordone is sworn into the U.S. Senate to complete the term of her late brother, Lindsey Graham, becoming the first woman to represent South Carolina in the chamber. Health officials investigate a fast-growing parasite outbreak that has sickened more than 4,000 people across over 30 states, with lettuce and bagged salad greens emerging as a possible source. A powerful heat dome brings dangerous temperatures and record-breaking heat to millions of Americans from the West Coast to the Northeast.     Subscribe to Mark's show Next Up: Apple: https://podcasts.apple.com/us/podcast/next-up-with-mark-halperin/id1810218232 Spotify: https://open.spotify.com/show/2f0n8G4xqUo8aGxbbbtRjH YouTube: https://www.youtube.com/@nextuphalperin?sub_confirmation=1   Birch Gold: Text MK to 989898 and get your free info kit on gold   Lean: Discover why LEAN is becoming the choice for real weight‑loss results—shop now at https://TAKELEAN.com use code MK Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

✡️ Become a member of The Land of Israel Fellowship and stand with the people and Land of Israel while helping bring the message of the Bible from the mountains of Judea to the nations. Together, we're building a community rooted in faith, Scripture, and God's unfolding redemption. https://thelandofisrael.com/membership-tiers/ What can one heartbreaking chapter teach us about the human heart, the consequences of sin, and the hope that God never abandons His covenant? Join Jeremy Gimpel and Ari Abramowitz as they unpack one of the Bible's most difficult chapters and reveal the timeless spiritual lessons hidden within it. In this Chapter: The difference between love and lust Jeremiah's warning about the human heart Why David remained silent How sin impacts future generations The importance of true friendship God's redemption even in the darkest moments Israel, holiness, and the calling of our generation #ProphetsOfIsraelDaily #2Samuel13 #KingDavid #Tanakh #Israel #Faith #Redemption #Repentance #HebrewBible #TorahWisdom #TheLandOfIsrael

The spread of cabbage seedpod weevil (CSPW) into new areas of Western Canada means many canola growers are facing an unfamiliar pest in the battle to protect canola yields. Historically confined to southern regions on the western side of the Prairies, higher CSPW populations have pushed into central Alberta (reaching as far north as Edmonton),... Read More

Is it actually worth using Infinite Banking to buy a car? Chris Naugle says yes. Want a Whole Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarityIn this episode, Caleb Guilliams, Chris Naugle, and Craig Yenni break down the math behind financing a vehicle with a traditional auto loan versus using a policy loan from a properly designed whole life insurance policy. Chris and Craig run through their new vault software to compare real-world scenarios, explore policy loans, cash value, paid-up additions (PUAs), opportunity cost, and see which strategy comes out ahead.Watch the Interview on Youtube for Visuals - https://youtu.be/qUBLmHxGexcWant Us To Review Your Permanent Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-reviewWant Free Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vaultLearn More About BetterWealth: https://betterwealth.comChapters:* **Introduction and Overview:** (0:00 - 4:10) Caleb Guilliams, Chris Naugle, and Craig Yenni introduce the topic of using whole life insurance policies to buy cars, focusing on the debate over whether it makes mathematical sense. * **The Case for Control and Flexibility:** (4:11 - 9:36) Chris Naugle discusses why he prioritizes control and cash flow over low interest rates, framing the car-buying process through the lens of personal banking. * **Mechanics of Policy Loans vs. Traditional Financing:** (9:37 - 16:00) A deep dive into how policy loans function compared to traditional auto loans, highlighting the ability to regain access to capital and maintain liquidity. * **The Math Behind the Strategy:** (16:01 - 28:28) A comparative analysis using a Toyota Grand Highlander as a hypothetical vehicle, examining the numbers of a bank loan at 4% vs. a 6% policy loan. * **Policy Design and Efficiency:** (28:29 - 41:57) Craig Yenni demonstrates how the Vault software models policy cash value and the impact of initial premium dumps on long-term efficiency. * **Comparing Financing Scenarios:** (41:58 - 55:10) A breakdown of different interest rate scenarios (4% vs. 6%) and how they affect the net financial outcome for the policyholder. * **The Reality of Arbitrage and Spreads:** (55:11 - 1:04:35) The group discusses how creating a spread between what you pay yourself and the interest charged on a policy loan contributes to wealth building. * **Infinite Banking as a Financial Hedge:** (1:04:36 - 1:10:08) A concluding discussion on why family offices and wealthy families use whole life insurance as a long-term hedge and legacy building tool beyond just purchasing vehicles. DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Environment Canada has issued alerts for at least five provinces and one territory. Extreme heat, wildfires, and tornadoes are making for more volatile weather across the country. And: Public health experts in the U.S. are trying to track the source of an outbreak of cyclosporiasis. It's usually food- or water-borne. The outbreak has spread to 30 states, and while it's not usually fatal, it can be very unpleasant. Also: President Donald Trump backtracks on his plan to charge transiting ships a fee, as the U.S. and Iran each claim control of the Strait of Hormuz. Plus: The Assembly of First Nations criticizes the prime minister's major projects plan, Canadian connection to the murder of a Punjabi singer, the campaign to free a Palestinian doctor, home insurance costs rise in Canada, and more.

Crack Spreads - widening!Put/Call Ratio - max fear yesterday!Earnings momentum - goodBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-care-for-my-wealth-show--2487688/support.

Marxist forces, including the Democratic Socialists of America, are rapidly expanding their influence across the United States—and Americans must understand the threat before it is too late, warned Constitutional Sheriffs and Peace Officers Association (CSPOA) founder Sheriff Richard Mack. In fact, understanding the threat of communism is worthless unless Americans seek solutions to combat it, ... The post As Marxism Spreads, Sheriff Mack Says Constitutional Sheriffs Can Fight Back appeared first on The New American.

In this episode of The Wrap with Chris Whalen, Chris expects the Federal Reserve will deliver one rate hike before Labor Day despite Warsh's preference to delay—the White House has greenlit it to maintain Warsh's credibility as chairman, and this one hike will likely lead to more because incremental Fed policy changes don't stop at one when fighting inflation. The Iran ceasefire has shattered and won't be fixed: Iran has zero incentive to reach peace with the U.S., wants to tax Strait of Hormuz traffic, and will force Gulf states to build pipelines and avoid the strait entirely—oil refineries won't be rebuilt while shooting continues, causing permanent structural supply damage. U.S. oil stocks are at their lowest level in 20 years, diesel is up 30% this year and ripples through every part of the economy, and California is facing potential rationing after it runs down reserves and stops getting refined products from Asia. Whalen stands firm on his double-digit inflation call despite prediction markets showing lower odds, arguing the real economy—not market probabilities—determines consumer and producer behavior, and rising consumer inflation expectations (3.7% one-year) are changing psychology and forcing real estate hedging. Bank earnings next week will reveal whether credit costs continue rising as spreads widen between Treasuries and corporate bonds, signaling medium-term economic slowdown ahead as speculative companies lose financing access.Thank you to our sponsor, Monetary Metals. Learn more at https://www.monetary-metals.com/THEWRAP/Links:    The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/  The Wrap: https://www.theinstitutionalriskanalyst.com/post/theira866Twitter/X: https://twitter.com/rcwhalen    The Entropy Trap: https://www.amazon.com/Entropy-Trap-Physics-Knows-Markets/dp/B0H1ZP7NZX/ref=sr_1_1Use the code TheWrap2026 for 25% off your first year of The Institutional Risk Analyst https://www.theinstitutionalriskanalyst.com/plans-pricingTimestamps:0:00 Warsh slow walking rate cut, White House greenlit one hike1:32 FOMC divided, one rate hike likely before Labor Day2:35 White House supporting Warsh to maintain credibility3:39 One hike doesn't typically happen alone4:42 Warsh reducing Fed presence, pulling back on forward guidance5:10 Fed's 2% target won't change consumer behavior on inflation7:29 Oil stocks at 20-year low, diesel shortage critical11:40 Iran ceasefire fragile, no incentive for lasting peace13:41 U.S. must build pipelines, avoid Strait of Hormuz14:08 Physical oil stocks depleted, refined products in short supply15:26 Diesel is political issue - impacts economy, employment16:06 California facing potential rationing without supplies16:36 Diesel up 30% this year, ripples through entire economy17:32 Double-digit inflation thesis still stands despite market skeptics18:46 Prediction markets vs real economy - spreads tell story20:06 Consumer inflation expectations hit 3.7% one-year (3-year high)20:27 Psychology of inflation changes spending and investment behavior21:34 Real estate traditional hedge, prices skyrocketing22:20 Spreads widening, economy slowing medium-term23:35 Earnings season next week - credit costs key indicator24:19 Midterms - Democrats take House, Trump faces impeachment25:32 Politics won't change, nothing gets done26:41 Pfizer building conversion collapsing, structural problems29:17 Bunker Hill Mining penny stock opportunity, silver revival31:28 Banks earnings - watch credit costs, mortgage issuers follow

The National Security Hour with Major Fred Galvin – Where communism gained power, it brought censorship, surveillance, poverty, exile, prisons, food lines, political purges, and a privileged ruling class. Where American liberty has endured, it has produced innovation, opportunity, constitutional rights, medical breakthroughs, religious freedom, and the greatest engine of...

The National Security Hour with Major Fred Galvin – Where communism gained power, it brought censorship, surveillance, poverty, exile, prisons, food lines, political purges, and a privileged ruling class. Where American liberty has endured, it has produced innovation, opportunity, constitutional rights, medical breakthroughs, religious freedom, and the greatest engine of...

Bird flu spreads to Australian wildlife, The body of a missing 13-year-old girl is found in western Victoria, Bronson Xerri quits the Bulldogs for Melbourne.

Mark Longo, Uncle Mike Tosaw, and Henry Schwartz (The Flow Master) dive right into the record-breaking June options volume and dissect some highly unusual trading activity across VIX and biotech sectors. In this episode, the panel covers: The Trading Block: A look at the market shrugging off geopolitical tensions in Iran. Plus, analyzing the mind-boggling 1.6 billion contract volume from June 2026, driven by massive surges in ETF, equity, and index options. Wild VIX Action: Breaking down an extraordinary, massive November VIX put spread (1x6 trade) and a massive November call strip (strikes ranging from 65 to 95). What are the big portfolio hedgers bracing for? The Odd Block: Spotting unusual options activity in under-the-radar biotechs and tech names, including heavy call volume in Iovance Biotherapeutics (IOVA), October call sweeps in urban air mobility player EHang (EH), and aggressive layering into Aug 20 calls for Sotera Health Company (SHC). Around the Block: Predictions for the S&P 500 as it sits just 75 points away from all-time highs, what to watch for over the weekend, and a look at Cboe's new XSP prediction/binary contracts.

Mark Longo, Uncle Mike Tosaw, and Henry Schwartz (The Flow Master) dive right into the record-breaking June options volume and dissect some highly unusual trading activity across VIX and biotech sectors. In this episode, the panel covers: The Trading Block: A look at the market shrugging off geopolitical tensions in Iran. Plus, analyzing the mind-boggling 1.6 billion contract volume from June 2026, driven by massive surges in ETF, equity, and index options. Wild VIX Action: Breaking down an extraordinary, massive November VIX put spread (1x6 trade) and a massive November call strip (strikes ranging from 65 to 95). What are the big portfolio hedgers bracing for? The Odd Block: Spotting unusual options activity in under-the-radar biotechs and tech names, including heavy call volume in Iovance Biotherapeutics (IOVA), October call sweeps in urban air mobility player EHang (EH), and aggressive layering into Aug 20 calls for Sotera Health Company (SHC). Around the Block: Predictions for the S&P 500 as it sits just 75 points away from all-time highs, what to watch for over the weekend, and a look at Cboe's new XSP prediction/binary contracts.

Local Rapper Shiloh the Messenger talks tours, inspiration, and......messaging in his music with Jacob Boston.

The Magnificent Seven powered much of the market's gains over the last several years, but this year's rally is being driven by a broader group of companies tied to the AI infrastructure boom.Paul Lane and Marc Fandetti break down why the biggest tech stocks have lost some of their market leadership, how companies like Micron and other chip suppliers are now carrying more of the AI trade, and why investors are watching to see whether major tech firms will keep spending aggressively on data centers and computing power. They also discuss rising inflation expectations, why Kevin Warsh's credibility matters for the Federal Reserve, how elevated valuations could leave markets vulnerable, what the K-shaped economy says about consumer spending, and why robotaxis still face a difficult path to broader adoption.

What is misinformation? How does it differ from disinformation or just plain ‘ole propaganda? How do we protect ourselves from people with nefarious intentions using all of these things to affect our thoughts, feelings, and behavior? That's what we discuss in this episode with Matthew Facciani, social scientist and author of Misguided: Where Misinformation Starts, How it Spreads, and What We Can Do About It. Matthew Facciani's Website The Misguided Podcast Misguided Kitted Shop The Story of Kitted How Minds Change David McRaney's BlueSky David McRaney's Twitter YANSS Twitter Show Notes Newsletter Patreon Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Missoula has a reputation for attracting all kinds of wayward characters, but it's likely never hosted the driver of a pear on wheels — yes, we're talking about the fruit. That changed in June with the arrival of a social media celebrity on a road trip for the ages.

Bull Markets, Investor Hubris, and the Hidden Risks of Annuities Are you feeling smarter about your investments after years of strong market returns? In this episode of The Financial Hour of The Tom Dupree Show, Tom Dupree and Mike Johnson explore a critical truth that even legendary investors like Benjamin Graham learned the hard way: bull markets can create dangerous overconfidence. For those thinking about retirement or already in retirement in Kentucky, this discussion reveals why understanding what you own—and maintaining investment humility—matters more than chasing the latest “simple solution.” Unlike mass-market advisory firms that promote one-size-fits-all products, Dupree Financial Group emphasizes personalized investment management and portfolio transparency. This episode examines the psychology of market success, the realities of annuity contracts, and why direct access to portfolio managers who show you exactly what you own provides than opaque insurance products. Key Takeaways: Investment Lessons from Market History Bull Markets Create False Confidence: Even Benjamin Graham, Warren Buffett’s mentor, nearly lost everything after early success made him believe he “had Wall Street by the tail”—a lesson for today’s investors experiencing strong returns Market Success Often Includes Luck: Quick wins can lead to psychological distortions, especially when you’ve “unknowingly broken the rules of the game but won anyway” The Dangers of Autopilot Investing: Index funds and passive strategies mean following a “prescribed path that lots of other people are going,” with little thought given to how portfolios are composed Annuities Are Complex Insurance Products: Despite being marketed as simple solutions, annuities involve counterparty risk, surrender penalties, and fine print that rarely delivers promised returns Portfolio Transparency Is Powerful: Understanding exactly what you own—seeing individual stocks and bonds rather than packaged products—provides genuine comfort during market volatility Fear-Based Investing Creates Poor Outcomes: Investment decisions driven solely by fear (whether fear of loss or fear of missing out) typically underperform thoughtful, process-driven strategies The Benjamin Graham Story: When Success Breeds Dangerous Confidence Mike Johnson shares a compelling historical example that resonates powerfully with today’s investment environment. Benjamin Graham—the father of value investing and Warren Buffett’s teacher—started his investment firm in the Roaring Twenties with $400,000. Within just three years, he turned that into $2.5 million. As Mike explains: “Because of the great success over that short period of time, he knew that he knew it all, had Wall Street by the tail. He was thinking about owning a large yacht, a villa in Newport, race horses. And he said, ‘I was too young to realize that I’d caught a bad case of hubris.'” The consequences? When Graham thought the worst of the 1930 market crash was over, he went all in—and even used leverage. The result nearly wiped him out personally, and his firm had to be bailed out by a partner. By 1932, his portfolio had lost over 50%, dropping from $2.5 million back to just $375,000. Tom Dupree emphasizes the universal lesson: “The market can humble you real quick. You always have to view past successes in the lens of ‘okay, you may have had a good run, a good success, and some of that could be luck.'” Why This Matters for Kentucky Retirement Planning Today For those thinking about retirement who have benefited from recent market strength, this story serves as a critical reminder. Mike notes: “In the environment we’ve been in for the last several years in the market, some people have made life-changing money. Some people have made good returns and they got to their goal quicker than they thought they would.” The question becomes: How do you respect the gift the market has given you? Through careful analysis with a local financial advisor who can provide personalized portfolio analysis rather than assuming past success will automatically continue. The Problem with “Autopilot” Investing: Index Funds and Groupthink Tom Dupree delivers a powerful critique of passive index investing that challenges conventional wisdom. When Mike mentions autopilot investing, Tom responds: “Autopilot isn’t ever autopilot. It’s a path that someone else has selected that you’re going on and you’re going on it because everybody else is.” He continues with a critical observation: “In the case of an index, it’s an arbitrarily picked index of, say, 500 stocks that meet a certain size criteria, certain management criteria. What you don’t understand frequently is that by going on autopilot, you’re actually being told what to do. You’re not just going with the flow—there’s almost no thought going into it. There’s no real investing.” Mike adds: “That’s the definition of mediocrity. Even if the return is good and everybody’s getting a good return because the market’s doing well, it’s still mediocrity because you’re not spending any time thinking about what you’re doing or how you’re doing it.” The Windfall Effect: Why Unearned Money Often Gets Lost Mike shares another psychological insight relevant to both inheritance and market windfalls: “We’ve seen it when someone inherits a windfall unexpectedly. A lot of times you see bad decisions with that money. Not all the time, but a lot of times. They’ve never had that kind of money before. They didn’t earn it. How can you respect it that way? How can you fear it?” This applies directly to portfolios that have grown significantly without the owner fully understanding why or how. As Mike notes: “You don’t have the respect that also goes along with having made it. That’s why you see somebody that’s gradually built something over a long period of time—you don’t have that dopamine hit.” For Kentucky retirement planning, this suggests the importance of understanding your investment philosophy and how each holding contributes to your goals, rather than simply celebrating portfolio growth without comprehension. Annuities: The “Simple Solution” That Rarely Delivers The second half of the episode tackles annuities—insurance products increasingly marketed to those in or approaching retirement. Mike presents sobering statistics: “In 2025, more Americans than ever are going to be turning 65—about 4.2 million US citizens will be turning 65 this year.” He connects this demographic trend with research from Allianz: “64% of those surveyed were more worried about running out of money than death.” Tom responds: “That’s a really frightening comment on where a lot of people are.” This fear creates demand for products marketed as “easy solutions”—but the reality is far more complex. Types of Annuities and Their Real-World Performance Mike breaks down the main annuity categories: Index Annuities (Currently Most Popular): These promise you can earn up to a certain percentage annually without losing principal if markets decline. However, Mike explains the reality: “What you generally see is the rate of return on an index annuity averages pretty close to what the going CD rate is. That’s just the math of it.” The problem lies in the fine print. Mike offers a detailed example: “Let’s say it’s a one-year point-to-point, and they say over the year you can make up to 6%. If you take that on a monthly basis, that’s half a percent a month. If in January the market goes up 1%, they credit you half a percent. But then come December, the market goes down 7%. It’s still up for the year, but December wiped out your credit. Even though the market is up for the year, you’re credited with zero.” Immediate Annuities: The “purest form” where you give an insurance company principal in exchange for monthly income. Mike notes: “In those scenarios, you’re essentially getting your own money back for 15, 18 years, and then you start coming out ahead—not even taking into account time value of money.” Fixed Annuities: Similar to CDs inside a tax-deferred wrapper. The primary risk? “The insurance company is able to use the money to earn a return, and in exchange for what they’re paying you. The risk that you’re agreeing to take on is inflation risk.” Variable Annuities: Once popular in the 1990s and early 2000s but less common now due to previous issues at major insurers. The Hidden Risks Nobody Tells You About Annuities Beyond the obvious issues like surrender penalties (typically 7 years, but Mike has seen contracts as long as 14 years), several critical risks receive little attention: Counterparty Risk: Who’s Really Backing Your Annuity? Tom explains: “You have the insurance company as the counterparty, and the insurance company is investing its own money in corporate bonds, and some of those are going into these AI data centers.” Mike expands on this: “Most people think when they have an annuity from an insurance company that it’s similar to something AAA because it’s insured. But what’s it insured by? It’s insured by securities that are backing it that could have trouble.” Tom recalls historical examples: “I’ve seen it happen before. AIG, Executive Life before that—lots of it during my career. Hartford got in trouble with writing variable annuities.” The Insurance Company Squeeze: When Spreads Get Tight Mike reveals a current market concern: “There’s huge demand for bonds, and at the same time, the hyperscalers financing data centers are looking for buyers. The marginal buyer, the largest buyer, has been insurance companies of the data center debt.” The consequence? “Spreads are the tightest they’ve been since the nineties. They’re being priced for perfection, priced almost like a Treasury. But we’re talking about bonds that are backed by a data center with a revenue stream that’s not yet to be determined.” Tom summarizes: “When the spreads aren’t attractive, they’ll go out on the risk spectrum and take more risks to try to get a little more spread there. It’s a vicious cycle.” The Commission Structure Nobody Mentions Tom notes: “We didn’t even talk about the commission part of the annuity structure—the fact that it’s a very, very heavily commission-structured product.” This contrasts sharply with Dupree Financial Group’s approach: “We are fee-based, and it takes all incentive to not—well, we’re fiduciaries also, so we must by law do what’s best for the client. That aligns our interest with the clients as well, which gives you a different product.” The Power of Portfolio Transparency: Seeing What You Actually Own Throughout the episode, Tom and Mike return to a core principle that distinguishes personalized investment management from packaged products. Tom explains: “Our style of investing is that when you get your statement, you are looking under the hood because it’s right there. You’re seeing what your money’s invested in. You’re not looking at an investment that’s invested your money in something else that you can’t see.” Mike emphasizes why this matters over time: “You gain an understanding and a comfort level that’s not just taking somebody’s word for it. You’re seeing it with your own eyes over a long period of time. You see the income, you see price movement. You see these different aspects, and really, it makes the thing come to life.” This transparency provides advantages that no annuity contract or index fund can match: You know exactly which companies you own shares in You understand why each holding is in your portfolio You can see income generation in real-time, not theoretical returns You develop genuine comfort during market volatility because you know what you own You avoid the “black box” problem of packaged products Tom adds: “We’ve always invested with people typically where we show them what is under the hood, what they own. It’s not a package product. It’s not an ETF, it’s not a mutual fund, it isn’t an annuity. It’s not some structured note. It’s bonds and stocks for the most part.” Learning from Mistakes: The Value of Experience Tom shares an honest perspective on how Dupree Financial Group has developed its approach: “There’s nothing like mistakes to help you with financial stuff. Mistakes are valuable if you can limit them to a certain amount to where it doesn’t knock you out of the box. But one of the best investing tools is making mistakes.” He continues: “We’ve learned a lot in our firm with companies that we invested in that were just mistakes. We didn’t think they were mistakes at the time, but over time, you know, it was. And what we began to learn is: Don’t go there again. Let’s not do that one again.” This experiential learning creates pattern recognition: “When you see something again, you see similarities and differences and you’re like, ‘Okay, that’s an opportunity.’ You just learn.” This accumulated wisdom—built over 47 years in Tom’s case—represents a significant advantage of working with experienced local financial advisors rather than being assigned an investment counselor at a large national firm who may lack this depth of historical perspective. The Critical Questions to Ask About Your Retirement Portfolio Mike provides a framework for evaluating your current situation: “You have to pause and view it in the context of you, specifically your situation. There’s always going to be people richer than you. There’s always going to be people that have more of something than you have, and you have to be careful of viewing your situation through their context.” He offers specific questions: “Do the numbers work for you at where they are?” “Do a critical analysis of what the investments are” “Is there an investment plan?” “Or is it—has it just been on autopilot and the autopilot’s taking you where you wanted to go?” “You need to reevaluate where things are today” Mike emphasizes the market context: “This market—people who have had assets invested in the stock market for the last several years—you’ve been given a gift. Generally speaking, a gift in terms of the returns. And you need to respect the gift.” How do you respect it? “By analyzing what it is that you have and thinking critically about how can this be used. Is it being utilized properly in terms of an investment mix, in terms of just an investment approach?” Fear vs. Process: Making Better Investment Decisions A recurring theme throughout the episode is the danger of emotion-driven investing. Mike warns: “You have to be very concerned about allowing your investment decision to be driven only by fear. Yes. And to the point we were making in the first half, having a process—an investment process, an investment plan—that is dynamic enough to change when things need to change.” He identifies two common fear patterns: Fear of Loss: “Think about what fear drives you to do generally. You can look at fear in a situation like an annuity where you leave potential earnings on the table out of fear.” Fear of Missing Out: “And then sometimes there’s fear of missing out in an up market and you can jump in when you shouldn’t.” Tom adds: “Fear is a good thing to have in relation to investing.” Mike clarifies: “Respect. I would call it respect. A respect that things can happen.” This balanced perspective—maintaining respect for market risks while following a thoughtful process—characterizes the approach at Dupree Financial Group. Review their market commentary archive to see how this philosophy has been applied across various market cycles. When Annuities Actually Make Sense (It’s Rare, But It Happens) Despite the episode’s critical examination of annuities, Tom shares an important caveat: “I have seen annuities where they actually make sense for the person. And in those instances, keep it.” He shares a specific example: “I had a client one time that did buy an annuity. It grew in value. He passed away and his wife received a significantly higher payout than what would have happened if we had just invested in investments because the market had gone down, but the value of the annuity had gone up.” Tom reflects on the outcome: “That was a case where I feel like that lady was blessed. I’ve seen it happen too where there have been clients that I feel like—and the only way I can put it is—it’s like God touched them in ways that I can’t explain. Just in ways that it’s just a blessing.” The key takeaway? “You need to have an unbiased analysis of the contract. What are the terms? Does it actually accomplish your goals?” If you currently own an annuity, Mike encourages: “You can give us a call and we can talk with you about the specifics of your contract.” Why “Simple Solutions” Rarely Work for Retirement Mike concludes with a fundamental truth about retirement investing: “Investing’s never just a simple one decision solution. It’s a process. It has to be because things change. Markets change, people’s lives change, and there has to be a process behind what you’re doing.” Tom reinforces the warning: “Whenever they tell you you don’t have to look under the hood with this investment, you better look under the hood.” This principle applies equally to: Index funds marketed as “set it and forget it” solutions Annuities sold as eliminating all market risk Any investment product that promises complexity has been eliminated Mass-market approaches that treat all investors identically For those thinking about retirement or already in retirement in Kentucky, the alternative is working with advisors who provide direct access to portfolio managers, show you exactly what you own, and maintain a process-driven approach that adapts to changing circumstances while remaining grounded in time-tested principles. Ready to See What’s Really Under the Hood of Your Portfolio? If you’re concerned that recent market success may have created blind spots in your retirement planning—or if you’re evaluating whether an annuity truly serves your interests—Dupree Financial Group offers complimentary portfolio reviews for Kentucky residents thinking about retirement or already in retirement. During your consultation, you’ll receive: Honest assessment of your current portfolio’s strengths and vulnerabilities Analysis of whether you’re taking appropriate risks given your life stage Evaluation of any annuity contracts you currently own (unbiased review of actual terms) Direct conversation with experienced portfolio managers who personally manage client assets Clear explanation of what you own and why—no black boxes or packaged products Discussion of how to respect and protect the gains the market has provided Don’t let bull market confidence create blind spots in your retirement plan. Schedule your complimentary portfolio review today. Call Dupree Financial Group at (859) 233-0400 or visit www.dupreefinancial.com to schedule directly from our homepage. Experience the difference that personalized investment management, portfolio transparency, and direct access to portfolio managers makes in your Kentucky retirement planning journey. Frequently Asked Questions About Bull Markets, Annuities, and Retirement Investing What does it mean that “bull markets make you feel smarter than you really are”? This phrase captures how extended periods of market gains can create false confidence in investment abilities. As the Benjamin Graham story illustrates, even legendary investors can mistake favorable market conditions for personal genius. For those in or approaching retirement in Kentucky, this means strong recent returns shouldn’t lead to overconfidence or excessive risk-taking. Working with a local financial advisor who provides objective perspective helps distinguish between skill and fortunate timing. Why did Benjamin Graham nearly lose everything despite being Warren Buffett’s teacher? After turning $400,000 into $2.5 million in just three years during the 1920s, Graham developed what he called “hubris”—thinking he “had Wall Street by the tail.” When he believed the 1930 crash was over, he went all in using leverage. The market continued falling, and his portfolio dropped back to just $375,000. The lesson: even brilliant investors can be humbled by markets when success breeds overconfidence. His partner had to bail out the firm, and Graham didn’t take a salary for years while making clients whole. What’s wrong with index fund investing for retirement? While index funds work for some investors, Tom Dupree notes they represent “a path that someone else has selected that you’re going on because everybody else is.” There’s “no real investing” happening—just following an arbitrary selection of stocks based on size criteria. Mike Johnson adds this is “the definition of mediocrity” because “you’re not spending any time thinking about what you’re doing.” For Kentucky retirement planning, personalized investment management provides understanding of actual holdings rather than passive acceptance of whatever an index contains. How do index annuities actually work, and why do they underperform? Index annuities promise upside participation (often “up to 6% annually”) with downside protection. However, the mechanics rarely deliver. In a typical point-to-point structure, if the market gains 1% monthly for 11 months (crediting you 0.5% monthly due to caps), you’d have 5.5% credited. But if December sees a 7% decline, your entire credit gets wiped out even though the market is up for the year. The result: returns typically match CD rates despite the complex structure. The fine print and monthly/quarterly calculations favor the insurance company. What is counterparty risk with annuities? Counterparty risk refers to the possibility that the insurance company backing your annuity could face financial trouble. Insurance companies invest your principal in corporate bonds and other securities to earn returns higher than what they promise to pay you. Currently, many insurers are heavily invested in AI data center debt with unproven revenue streams. Historical examples like AIG, Executive Life, and Hartford show this isn’t theoretical—insurance companies can and do get into trouble, potentially affecting annuity values. Are there situations where annuities make sense? Yes, though they’re rare. Tom Dupree shares an example where a client’s widow received significantly more from an annuity than she would have from traditional investments because her husband passed away after the annuity grew but when markets had declined. However, these favorable outcomes are exceptions. The key is having an unbiased analysis of your specific contract terms and whether they truly accomplish your goals. If you own an annuity, Dupree Financial Group can review whether keeping it makes sense for your situation. What does it mean to “look under the hood” of your portfolio? Looking under the hood means seeing exactly what individual stocks and bonds you own rather than just seeing a packaged product name and account value. Tom Dupree explains: “When you get your statement, you are looking under the hood because it’s right there. You’re seeing what your money’s invested in, not what packaged product your money is in.” This transparency allows you to understand what companies you own, why you own them, and how they generate income—creating genuine comfort during market volatility. Why is “autopilot” investing dangerous for those approaching retirement? Autopilot investing—whether through target-date funds, robo-advisors, or simple index strategies—means following a prescribed path with little thought given to your specific situation. Tom notes you’re “actually being told what to do” rather than having a strategy tailored to your goals, timeline, and risk tolerance. As retirement nears, one-size-fits-all approaches can leave you overexposed to market declines or invested in ways that don’t generate needed income. Personalized investment management adapts to your changing life circumstances. What should I do if I’ve benefited from recent strong market returns? Mike Johnson advises: “You’ve been given a gift. Generally speaking, a gift in terms of the returns. And you need to respect the gift.” Respecting it means analyzing what you have, ensuring your investment mix still makes sense, and not assuming past success will automatically continue. Ask: “Do the numbers work for you at where they are?” and “Is there an investment plan, or has it just been on autopilot?” A complimentary portfolio review with Kentucky retirement planning specialists can provide this objective assessment. How do I know if fear is driving my investment decisions? Fear-driven investing shows up in two ways: fear of loss (leading to overly conservative choices like annuities that sacrifice potential growth) and fear of missing out (jumping into hot investments at precisely the wrong time). Both create poor outcomes. The alternative is what Tom calls “respect” for markets—acknowledging risks while following a thoughtful process. Mike emphasizes having “an investment plan that is dynamic enough to change when things need to change” rather than reacting emotionally to short-term events. What’s the difference between fee-based advisors and commission-based annuity sales? Annuities typically involve substantial commissions paid to the salesperson, creating incentives that may not align with your interests. Tom Dupree explains: “We are fee-based, and it takes all incentive to not—well, we’re fiduciaries also, so we must by law do what’s best for the client. That aligns our interest with the clients.” Fee-based structures mean advisors earn based on portfolio performance and client retention, not product sales. This fundamental difference affects which solutions get recommended. About The Financial Hour of The Tom Dupree Show The Financial Hour provides practical investment wisdom and retirement planning guidance for Kentucky residents approaching or living in retirement. Hosted by Tom Dupree, founder of Dupree Financial Group, with insights from portfolio manager Mike Johnson, each episode delivers actionable strategies based on decades of experience in personalized investment management and portfolio transparency. Listen to more episodes and read additional market commentary at www.dupreefinancial.com/podcast. The post Bull Markets, Investor Hubris, and the Hidden Risks of Annuities  appeared first on Dupree Financial.

Jordan Sather and Nate Prince are back from GART and not wasting any time. A parasite called cyclosporiasis is ripping through Michigan and beyond, and Jordan reads the New York Post's most colorful victim profile of the year. A Michigan couple faces second degree murder charges after their 7-year-old son died at 255 pounds, prompting a raw conversation about parenting, dopamine addiction, and personal accountability. The DOJ just charged 455 defendants in 45 states on National Healthcare Fraud Takedown Day, with $6.5 billion in stolen funds at stake. Kennedy terminates the COVID-19 Emergency Use Authorization, stripping legal protections from the shots and dropping what may be a signal that Fauci accountability is building. Then the Supreme Court throws cold water on the MAHA movement with a 7-2 ruling protecting Bayer from glyphosate lawsuits. Jordan and Nate dig into what the ruling actually means, why Malone says it goes far beyond Roundup, and whether an EPA review could flip the whole thing. Trump signs an executive order for regenerative farming, and Iowa turns out to have the highest cancer rate on the planet.

Today's headlines include: People have been urged not to panic buy eggs as more cases of bird flu are detected around the country. AFL great Nicky Winmar has been found guilty of assault after attacking a woman in northern Victoria. A norovirus outbreak on board the Ruby Princess cruise ship has left more than 120 passengers and crew members sick. Today’s good news: A new study has found abandoned farmland can be successfully transformed into wildflower grassland habitat, without the need for expensive and labour-intensive seeding. Hosts: Emma Gillespie and Lucy TassellProducer: Rosa Bowden Want to support The Daily Aus? That's so kind! The best way to do that is to click ‘follow’ on Spotify or Apple and to leave us a five-star review. We would be so grateful. The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent. Want more from TDA?Subscribe to The Daily Aus newsletterSubscribe to The Daily Aus’ YouTube Channel Have feedback for us?We’re always looking for new ways to improve what we do. If you’ve got feedback, we’re all ears. Tell us here.See omnystudio.com/listener for privacy information.

In Part 3 of this series on building an automated SPX 0DTE portfolio, we explore the final strategy we've added to our growing mix of high-frequency, positive expectancy trades: the 30-minute Opening Range Breakout (ORB) Call Debit Spread.In previous episodes, we discussed the Trend Spread Engine (TSE) credit spreads and the End-of-Day Put Debit Spread (PDS). In this episode, we look at how the ORB strategy adds another layer of diversification by introducing a different combination of win rate, risk/reward, and market conditions.Topics discussed include:Why combining strategies with different win rates and risk/reward profiles mattersThe mechanics of a 30-minute Opening Range Breakout strategyWhy we're only trading upside ORBs above the 5-day moving averageThe importance of trade frequency and automationUsing one-minute confirmation for more consistent executionHow portfolio construction can reduce drawdowns and improve consistencyWhy position sizing matters more than any individual trade outcomeArticles Mentioned

This week on Australia Wide, Yasuo Imanari in Perth reports on the H5N1 avian influenza outbreak, which was first detected in Western Australia and is continuing to spread. Recorded on 26 June. - 今週のオーストラリアワイドでは、パースの今城康雄さんが、西オーストラリア州ではじめに確認され、感染が拡大している鳥インフルエンザH5N1型についてリポートします。６月26日収録。Listen to SBS Japanese Audio on Tue, Thu and Fri from 1pm on SBS 3. Replays from 10pm on Tue, Thu and Sat on SBS1. Listen to past stories from our podcast. Download the free SBS Audio App and don't forget to visit SBS Japanese Facebook and Instagram page! - SBSの日本語放送は火木金の午後１時からSBS3で生放送！火木土の夜10時からはおやすみ前にSBS1で再放送が聞けます。SBS日本語放送ポッドキャストから過去のストーリーを聞くこともできます。無料でダウンロードできるSBS Audio Appもどうぞ。SBS 日本語放送のFacebookとInstagramもお忘れなく。

NYC Mayor Zohran Mamdani's hand-picked slate of congressional candidates was small, but they won big in New York's primaries. Abby Livingston, Charlotte Alter, and former Democratic congressmen Mondaire Jones and Max Rose join Ali Velshi to discuss the future of the Democratic Party. To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Technology shares fell around the world as investors pulled back from some of the market's biggest AI-driven winners. The sell-off highlighted potential vulnerabilities in a sector that has fueled much of the market's recent growth. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The greatest season in West Virginia University baseball history has reached its conclusion.Over the course of four remarkable months, the 2026 Mountaineers accomplished what no team in the previous 134 seasons had ever achieved. They won the program's first College World Series game, captured the imagination of an entire state and elevated WVU baseball to a level once thought unattainable.The sting of elimination in Omaha will eventually fade. The memories, milestones and momentum created by this team will not.In this episode, the “Guys” reflect on a season unlike any other and discuss what this historic run means for the baseball program, the University and West Virginia itself.Hoppy delivers his Obvious Observations, Brad brings a season-ending edition of Spreads on Stats, and listener comments and questions complete the show during Textual Healing.The fellas return next week with a special episode featuring WVU quarterback Michael Hawkins.

This episode was originally released 9/3/2025Want to support the show and get bonus episodes EVERY MONTH? ⁠⁠Join our Patreon!⁠⁠Don't want to miss any episodes in the future? Make sure to subscribe wherever you listen to podcasts!And if you are looking for the support of a registered dietitian you can always contact our ⁠⁠real, live nutrition counseling practice⁠⁠, Oceanside Nutrition to learn more about working with us! **This podcast is for information purposes only, is not a substitute for individual medical or mental health advice, and does not constitute a patient-provider relationship**

Wednesday Service | A teaching on Acts 16:6-15 with Pastor Josh BlackVictory Calvary Chapel is a church in Menifee, California. We gather for Jesus, to worship Him, to follow Him, and represent Him wherever we go. To learn more, visit us at www.victorycc.com.

In this episode, Cody Bjugan of Allied Development shares insights into land entitlement, private equity investments, and how his business is addressing the housing shortage through innovative land sourcing and development strategies.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

The challenge is familiar. The stakes have never been higher.West Virginia's quest for a national championship took an unexpected turn Sunday when North Carolina handed the Mountaineers a loss that leaves no margin for error. To reach the College World Series championship series, WVU must now win three consecutive elimination games.It's a scenario that feels remarkably familiar.Just two weeks ago, the Mountaineers found themselves in a similar position after dropping their second game of the NCAA Regional in Morgantown. What followed was one of the most memorable stretches in program history.Now, another chapter awaits.In this episode, the “Guys” dissect Sunday's setback, explain what went wrong and examine what West Virginia must do to keep its season alive when it faces Troy on Tuesday afternoon.Hoppy delivers his Obvious Observations, Brad brings another edition of Spreads on Stats, and the crew looks ahead to what could be another remarkable run.The “Guys” return Wednesday with a complete recap of the elimination showdown against Troy.

(0:00) Kendra Middleton has returned from vacation! What did she miss, plus some thoughts on Brendan Sorsby.(19:58) Kendra has thoughts and picks on the World Cup.(35:32) Thoughts on early NFL spreads and some picks for the UFC White House card.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Gio plans to watch the Knicks game at home with his daughter, but he's heading to a bar if she falls asleep, followed by a caller who shares his close encounter with Dua Lipa in Italy. Jerry returns for his final update of the week, covering Kenyon Martin's thoughts on player sleep monitoring, Jalen Brunson staying focused, Stephen Jackson's reaction to fans throwing things at Wemby, and Juan Soto's game-winning home run against the Cardinals. Finally, after the Moment of the Day highlights Al's meat-eating NBA watch parties, the week wraps up with a look at tomorrow's point spread and predictions.

As New World screwworm cases spread beyond Texas, agriculture is also watching trade developments, export demand and shifting weather patterns that could impact the growing season ahead. This week's agricultural headlines reflect a mix of challenges and opportunities, from heightened awareness of crop pests and disease risks to continued strength in select export markets. Trade discussions remain active, while new research highlights differences in corn production costs between the United States and Brazil. Meanwhile, the U.S. Department of Agriculture is facing scrutiny following its decision to eliminate the agency's seed competition team. This week's interview highlights efforts to improve both animal and human well-being in agriculture. The conversation focuses on physical and emotional health within farm teams, hearing from Heather Fowler, director of producer and public health at the National Pork Board, and Darrell Hemker, associate director of safety with The Maschhoffs. From strengthening on-farm safety culture to recognizing when it is time to ask for help, the discussion emphasizes resources and tips to support producers both on and off the farm. Stay connected with us for daily agriculture content on Instagram, TikTok, Facebook, and YouTube, along with our weekly videos!

Seth takes a closer look at Trump insisting that he heard cheers instead of loud boos at Game 3 of the NBA Finals and him doubling down on his lie that the California elections were rigged.Then, Emily Blunt talks about her interview about meeting her husband John Krasinski being one of Late Night's most watched videos, working with Steven Spielberg on the set of "Disclosure Day" and showing scary movies to her kids. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

O MERCADO MUDOU RADICALMENTE EM 2026 - O QUE MAIS PODE VIR POR AÍ?Stock Pickers segue explorando o mercado de crédito privado, nesta edição com Eduardo Alhadeff, sócio e gestor da Ibiúna, que analisa a reviravolta do cenário macro até agora e seus impactos sobre crédito, juros, spreads, empresas e investidores.Ao longo da conversa, ele discute como a percepção sobre política e eleições passou a influenciar os preços dos ativos, os efeitos dos juros elevados sobre companhias endividadas, o aumento dos pedidos de recuperação judicial e os desafios enfrentados por nomes conhecidos do mercado, como Raízen e Braskem.Também falamos sobre o avanço das bets na economia brasileira, o comportamento do consumo das famílias e por que alguns dos "credissauros" mais experientes do mercado enxergam oportunidades justamente em um ambiente de maior incerteza.

Ignited by a knife attack in Belfast on Monday, racist violence continued in Northern Ireland while spreading to Glasgow, as minorities of many denominations were forced to flee for their lives. Plus: Defense Secretary John Healy falls on his sword, or lack thereof, citing insufficient defence spending. The Southampton rioters are read the riot act by their presiding Judge, and a look at the struggling fortunes of privatised education. With NoJusticeMTG & Steven Methven.

(1) Chuck Lawson, Local Hoops Guru, in-studio talking 901 preps, Tigers & more (2) Memphis spreads out NIL payments for football

Despite heightened geopolitical tensions, Treasury yields have moved higher and credit markets have remained remarkably resilient. Douglas Gimple explores what's driving this unusual market dynamic, the outlook for consumers and where he sees opportunities across mortgages and asset-backed securities.   DISCLOSURE   ABS — Asset-Backed Securities, GSE — Government-Sponsored Enterprise. Fannie Mae — Federal National Mortgage Association, Freddie Mac —Federal Home Loan Mortgage Association. Ginnie Mae — Government National Mortgage Association. See diamond-hill.com/disclosures for index definitions, data sources and other definitions. Investment Grade is a Bond Quality Rating of AAA, AA, A or BBB. S&P 500 Index measures the performance of 500 large companies in the US. High Yield securities are below investment grade and involve greater risk of default. Yield to worst is the lowest potential yield an investor may receive on a bond without the issuer defaulting. Duration measures a bond's sensitivity to changes in interest rates. The views expressed are those of the speakers as of May 2026 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal.

The Playbook Hour 1 6.4.26 | Vols Big Game Point Spreads for 2026 Released by Fanrun Radio

In this episode of LPL Market Signals, we sit down with PGIM to break down the state of the economy and corporate credit markets amid geopolitical uncertainty and shifting Fed expectations. We explore resilient earnings, improving credit quality, and the tension between tight spreads and attractive yields. The conversation also dives into duration positioning, heavy issuance in AI and tech, private credit risks, and what lies ahead for corporate bond investors in the second half of 2026. Tracking: #1116029

Commercial real estate debt is now one of the market's most avoided asset classes. Our Global Head of Fixed Income Research Andrew Sheets explains why there may be an opportunity to invest in those securities.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Today, why commercial real estate debt could be overlooked and undervalued. It's Friday, May 29th at 2pm in London. Bond yields have risen this year, and it's attracting strong flows into fixed income markets. The problem is that all of that demand is narrowing the risk premium that one receives. Spreads on U.S. mortgage bonds are richer than 89 percent of observations over the last 20 years. Spreads on the U.S. high yield market, well, they're richer than 96 percent of the time. And spreads on U.S. investment grade, it's 99 percent. We live in a world where the risk premium on most bonds is very low versus history, but there are exceptions. One is debt backed by commercial mortgages or so-called CMBS. Spreads here, notably and unusually, are significantly higher than the long run average. It is a market that we like. Commercial property is largely comprised of lending against office buildings, apartments, retail complexes, and industrial sites like warehouses. The first three have faced major challenges over the last five years. Office values have slumped as investors feared more people working from home. Apartments have suffered from significant supply in building, conceived in a low-rate world as this has come online. And retail has faced long-run concern about the trend of more online shopping. And the rise of interest rates, well, that's loomed over everything. A building, in a lot of ways, is a lot like a bond, promising a dependable stream of rents over time. When an investor can get that stream of cash flows from the bond market, commercial property prices must adjust lower to remain competitive. These challenges are material, but they are also not new. Indeed, investors may recall that fears around commercial property peaked way back in early 2023 following significant rate hikes by the Federal Reserve. Back then, there were widespread fears that commercial property weakness would ricochet back and threaten the banking system. Three years later, those worst fears have not been realized. And while defaults and restructurings have happened, overall commercial property fundamentals are beginning to pick back up. Commercial property transaction volumes increased 27 percent in the U.S. in the first quarter relative to a year prior; and prices are rising, up about 5 percent over the same period. The amount of commercial real estate debt being originated is up about 40 percent over the last year – a sign that lenders are coming back. And the number of commercial deals that are becoming distressed and unable to pay their bills, they just saw their first quarterly decline since all of those problems in early 2023. Part of this recovery in the commercial real estate market may be explained by U.S. growth, which continues to be resilient, and some of it mirrors other cycles. When rates rose and commercial lending markets weakened, the construction of new properties really slowed down. It takes several years to build a building, and so it's only now that the impact of everything that was not built is starting to be felt. With less supply coming online, the value of existing property is better supported, especially relative to the more elevated risk premiums on offer for its debt. Thank you, as always, for your time. If you find Thoughts on the Market useful, let us know by leaving a review wherever you listen. And also tell a friend or colleague about us today.

President Trump says a peace deal with Iran is coming into focus, the deadly Ebola outbreak continues to spread in Central Africa, and Texas voters decide today between the establishment and presidential picks for the Republican Senate candidate. Reporting from Cabot Phillips & Megan Basham. Plus, we speak with Brent Buchanan of Cygnal. Get the facts first with Morning Wire. - - - Ep. 2806 - - - Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 - - - Today's Sponsors: Quince - Elevate your summer wardrobe. Go to https://Quince.com/wire for free shipping on your order and 365-day returns.  Fast Growing Trees - Visit https://FastGrowingTrees.com to get 20% off your first purchase when using the code WIRE at checkout. Comcast - Learn more about how Comcast is investing in a more connected America at https://ComcastCorporation.com/investment - - - Privacy Policy: https://www.dailywire.com/privacy morning wire,morning wire podcast,the morning wire podcast,Georgia Howe,John Bickley,daily wire podcast,podcast,news podcast Learn more about your ad choices. Visit podcastchoices.com/adchoices

President Trump says a deal with Iran is “largely negotiated” after weekend talks with Gulf leaders and Israel. The preliminary agreement is expected to gradually reopen the Strait of Hormuz while leaving the nuclear program for a later round of talks. Some Republican senators are already calling it a disaster.Gulf countries are pressing hard for a diplomatic resolution to the conflict with Iran as a preliminary 60-day ceasefire extension is discussed, while Israeli Prime Minister Benjamin Netanyahu and other regional players react to the latest developments.In eastern Congo, a rare strain of Ebola has killed more than 200 people amid an outbreak complicated by ongoing conflict, misinformation, and severely strained aid efforts.Want more analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.Today's episode of Up First was edited by Krishnadev Calamur, Tina Kraja, Tara Neil, Mohamad ElBardicy and Taylor Haney.It was produced by Ziad Buchh and Nia Dumas.Our director is Christopher Thomas.We get engineering support from Zo van Ginhoven. Our technical director is Carleigh Strange.(0:00) Introduction(02:26) US-Iran Negotiations(06:18) Middle East Reacts To Possible Deal(10:08) DRC Ebola Outbreak SpreadsSee pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

Todd Fuhrman's picks from Vegas Matt Stafford gets extension with the Rams Jacoby Brissett holding out Are the Titans ascending? PLUS, Tyler's Viewing Menu presented by Michelson Laser Vision! SUBSCRIBE: @NextRoundLive - / @nextroundlive FOLLOW TNR ON SPOTIFY: https://open.spotify.com/show/7zlofzLZht7dYxjNcBNpWN FOLLOW TNR ON APPLE PODCASTS: https://podcasts.apple.com/us/podcast/the-next-round/id1797862560 WEBSITE: https://nextroundlive.com/ MOBILE APP: https://apps.apple.com/us/app/the-next-round/id1580807480 SHOP THE NEXT ROUND STORE: https://nextround.store/ Like TNR on Facebook: / nextroundlive Follow TNR on Twitter: / nextroundlive Follow TNR on Instagram: / nextroundlive Follow everyone from the show on Twitter: Jim Dunaway: / jimdunaway Ryan Brown: / ryanbrownlive Lance Taylor: / thelancetaylor Scott Forester: / scottforestertv Tyler Johns: /TylerJohnsTNR Brooks Carter: /BrooksACarter Sponsor the show: sales@nextroundlive.com Learn more about your ad choices. Visit megaphone.fm/adchoices