27 posts
If you own an S&P 500 index fund, roughly 1 in 6 dollars is now effectively a bet on the semiconductor industry. Semiconductors now make up ~18% of the S&P 500 index. Ten years ago, that number was ~2%. This rise wasn't sudden, instead
Look back at over 10 years of the 6 U.S. factor returns, one pattern dominates: the leaderboard changes.
Today marks Jerome Powell's last day as Chair of the Federal Reserve. For investors who have spent years anchoring their rate outlook to his steady, data-dependent messaging, this transition is more than a personnel change.
Listed real assets are outpacing US equities through the first four months of 2026, and the leadership is broad-based.
Same index, different engine. The S&P 500 index is back at record highs, but the stocks driving these highs aren't the ones that caused the lows.
The University of Michigan just won the NCAA Championship. So, what better time to check in on another of Michigan’s flagship productions?
