Category: Analysis

Analysis

MiB: Jeff Chang, President and Co-Founder of Vest

Market Expert Mar 1, 2026

This week, I speak with Jeff Chang, President and Co-Founder of Vest. We discuss his journey into founding Vest and how he developed his views on the benefits of hedging via ETFs. We also talk about the creation of financial products geared towards hedging. He explains how the largest issuer of structured notes… Read More The post MiB: Jeff Chang, President and Co-Founder of Vest appeared first on The Big Picture.

Analysis

RWM Coming to San Francisco April 14-16

Market Expert Feb 27, 2026

I am very excited to announce that RWM is coming to San Francisco, California, on April 14th. Our relationship with the City by the Bay goes back to the early days when Josh, Kris, Michael and I would spend a few days here meeting clients. The tech center of the world is filled with… Read More The post RWM Coming to San Francisco April 14-16 appeared first on The Big Picture.

Analysis

At the Money: Diversifying with Managed Futures ETFs

Market Expert Feb 27, 2026

At The Money: Diversifying with Managed Futures ETFs (February 25, 2026) Lots of asset classes promise uncorrelated returns, but few deliver diversification. One that does is managed futures. Sure, they are expensive and spikey, but when all correlations go to 1 – meaning everything is trading in lockstep, as we saw during the GFC… Read More The post At the Money: Diversifying with Managed Futures ETFs appeared first on The Big Picture.

Analysis

Transcript: Hilary Allen on Fintech Dystopia

Market Expert Feb 25, 2026

The transcript from this week’s, MiB: Hilary Allen on Fintech Dystopia, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube (video), YouTube (audio), and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ [00:00:02] Announcer: This is… Read More The post Transcript: Hilary Allen on Fintech Dystopia appeared first on The Big Picture.

Analysis

Part II: IEEPA Tariff Ruling’s Losers

Market Expert Feb 24, 2026

Soon after the Supreme Court dropped its IEEPA decision Friday morning, I wrote up a post on who the IEEPA decison Winners were. Today, as promised, we review the losers. Spoiler alert: there are a lot of them. In broad strokes, the winners were the large companies that filed for refunds or sued… Read More The post Part II: IEEPA Tariff Ruling’s Losers appeared first on The Big Picture.

Analysis

MiB: Hilary Allen on Fintech Dystopia

Market Expert Feb 22, 2026

This week, I speak with Hilary Allen, a Professor of Law at the American University Washington College of Law. She teaches courses in Banking Law, Securities Regulation, and Business Associations. She also was a staffer on the Financial Crisis Inquiry Commission. We discuss financial stability regulation and new financial technologies including crypto… Read More The post MiB: Hilary Allen on Fintech Dystopia appeared first on The Big Picture.

Analysis

Winners & Losers of SCOTUS Decision Striking Down Tariffs

Market Expert Feb 21, 2026

SCOTUS: Article I, Section 8, of the Constitution specifies that “The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises.” The Framers recognized the unique importance of this taxing power—a power which “very clear[ly]” includes the power to impose tariffs. Gibbons v. Ogden, 9 Wheat. 1, 201. And they… Read More The post Winners & Losers of SCOTUS Decision Striking Down Tariffs appeared first on The Big Picture.

Analysis

At the Money: The Mega Backdoor Roth

Market Expert Feb 20, 2026

At The Money: The Mega Backdoor Roth with Dan Larosa (February 19, 2026) 401(k)s top out at $24,500, but you can boost your tax-deferred investments to as much as $80,000 by switching to an IRS-approved Mega Backdoor Roth account. Full transcript below. ~~~ About this week’s guest: Dan LaRosa is Director of… Read More The post At the Money: The Mega Backdoor Roth appeared first on The Big Picture.

Analysis

Not How This Works…

Market Expert Feb 19, 2026

“Let me tell you how this works: A twenty-six-year-old quantitative analyst at a hedge fund in midtown Manhattan—a person who has never managed an employee, never sat across from a customer, never had to explain to someone that their position has been eliminated—opens a spreadsheet, sees that your company’s headcount is 14% higher… Read More The post Not How This Works… appeared first on The Big Picture.

Analysis

Transcript: Douglas and Heather Boneparth, Money Together

Market Expert Feb 18, 2026

The transcript from this week’s, MiB: Douglas and Heather Boneparth, Money Together, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ Interview with Doug Boneparth and… Read More The post Transcript: Douglas and Heather Boneparth, Money Together appeared first on The Big Picture.

Analysis

10 Presidents Day Reads

Market Expert Feb 16, 2026

My three-day weekend reads: • Why a ‘K-Shaped’ Economy Means More Risk for Stock Investors: The wealthy are propping up consumer spending thanks to a multi-year bull run, while lower earners pinch pennies. That creates a fragile circular dynamic — if stocks stumble, spending drops, and the whole thing unwinds fast. (Morningstar) • Who Is Paying… Read More The post 10 Presidents Day Reads appeared first on The Big Picture.

Analysis

Bartlett: Traditional Media No Longer Serves Democracy’s Needs

Market Expert Feb 16, 2026

Why the Traditional Media No Longer Serves Our Needs The Truth Matters, Chapter 1 Bruce Bartlett Bartlett’s Notations, Feb 09, 2026 With the decimation of the Washington Post newsroom by billionaire Jeff Bezos, the crisis of the media seems to have reached an apex. I saw this coming in 2017 and wrote… Read More The post Bartlett: Traditional Media No Longer Serves Democracy’s Needs appeared first on The Big Picture.

Analysis

MiB: Douglas and Heather Boneparth, Money Together

Market Expert Feb 15, 2026

Valentine’s Day Special! This week, I speak with Douglas and Heather Boneparth. Doug is the president of Bone Fide Wealth and Heather is the firm’s Director of Business and Legal Affairs and Chief Compliance Officer. They also discuss their new book “Money Together.” They discuss the challenges couples can face discussing their finances,… Read More The post MiB: Douglas and Heather Boneparth, Money Together appeared first on The Big Picture.

Analysis

10 Friday the 13th Reads

Market Expert Feb 13, 2026

My end-of-week morning paraskevidekatriaphobia WFH reads: • The Big Money in Today’s Economy Is Going to Capital, Not Labor: Soaring profits and stocks funnel more of GDP toward companies, their top employees and shareholders. AI will intensify this trend. (Wall Street Journal) • A Stanford Experiment to Pair 5,000 Singles Has Taken Over Campus: A… Read More The post 10 Friday the 13th Reads appeared first on The Big Picture.

Analysis

MiB: Drew Warshaw, Democratic Candidate for New York State Comptroller

Market Expert Feb 13, 2026

This week, I speak with Drew Warshaw, Democratic Candidate for New York State Comptroller. We discuss his role in building the World Trade Center after 9/11, his career in alternative energy, and why he is running for NY Comptroller. We also dive into his thoughts on New York Pensions funds and the changes… Read More The post MiB: Drew Warshaw, Democratic Candidate for New York State Comptroller appeared first on The Big Picture.

Analysis

NonFarm Payrolls, Confirmation Bias edition

Market Expert Feb 12, 2026

Today’s (belated) nonfarm payroll report had a little something for everyone. Whether you are bullish or bearish, recession or expansion, MAGA or Never Trump, there were nuggets of data in the report for you. My charge is to put this into a broader context minus the bias. Let’s jump into the specifics: The… Read More The post NonFarm Payrolls, Confirmation Bias edition appeared first on The Big Picture.

Analysis

Transcript: Bob Moser, Prime Group Founder and CEO

Market Expert Feb 10, 2026

The transcript from this week’s MiB: Bob Moser, Prime Group Founder and CEO, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in Business… Read More The post Transcript: Bob Moser, Prime Group Founder and CEO appeared first on The Big Picture.

Analysis

The Investor Show: How NOT to Invest

Market Expert Feb 9, 2026

Fun story: I meet this big guy at FutureProof (Maybe it was Investopedia’s cocktasil party?). We start chatting about his career in the military — he is a 20-year vet — and why he became a financial advisor. He invites me on his pod, and we had fun chatting on his live stream “The… Read More The post The Investor Show: How NOT to Invest appeared first on The Big Picture.