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The week wasokay for stocks and tough for bonds again. Last week, I discussed the 4th quarter ahead, right before the end of Q3. A Look at the Market The S&P 500 has returned 13.8% with dividends included, and the price is up 12.9% for SPDR S&P 500 ETF (SPY) in 2026 so far. This leaves the market on track to post a return for the full year right at 18%. At the same time, iShares Core US Aggregate Bond ETF (AGG) has declined in price in 2026. With dividends included, the retur

The ETF market has gotten massive. What is an ETF? It stands for Exchange-Traded Fund, which was invented in Canada in 1990 and introduced in the U.S. in 1993 with the launch by State Street Global Advisors of the SPDR® S&P 500® ETF (SPY), which represented the overall market as measured by the Standard & Poors 500, a popular large-cap index. Now, there are so many ETFs, and they have expanded their scope beyond broad markets to very narrow ones. They have moved beyond just s

I have been very bearish on stocks for a long time. Too long! Does that make me wrong? Right, but early? I think too early, but I don't...

Gold is up a lot in 2025, and I expect it to decline.

Rates are falling, but they are rising too! Today, the FOMC is likely to leave short-term Fed Funds unchanged.