The separation principle is the idea that monetary policy and lender-of-last-resort functions should be carried out independently. The separation of functions is intended to prevent conflicts of interest. (video)

The S&P 500 closed 2025 with an impressive 17% gain, underscoring the market’s resilience and strength. That strong finish came despite a challenging start to the year.  In this update, we revisit what last year’s swings taught us and look ahead to how broader market participation is shaping the landscape for 2026.

In this update, Jason Ranallo explores how a steady, fact-aware framework can help investors navigate today’s turbulent market. From shifting trade policies to ongoing market turbulence, we talk through headlines and apply a disciplined, long-term perspective designed to keep you focused on what matters most: your financial goals.

Consumer sentiment dropped again in March, hitting its lowest level since 2022. When people feel the worst about the economy, markets have often performed well in the 12 months that follow. (podcast)

Market pullbacks can feel unsettling. In this episode, Jason Ranallo discusses the latest market movements, puts them in historical context, and talks through why staying diversified and disciplined is key to long-term success.

Kara shares her insights on consumer behavior, the labor market, and what’s driving today’s market trends.  Kara is CIO of Kestra Investment Management, and this episode offers valuable takeaways for navigating the holiday season’s economic and financial dynamics. (podcast)

In this podcast, we dive into the numbers, address recent market movements, and explain why a long-term perspective remains essential. Multiple market all-time highs year to date. What now?

While we value short-term, high-quality bonds for a portion of the portfolio, it’s important to consider the total percentage owned in one’s portfolio. We discuss how taxes and inflation can affect “real” returns and how historically, a diversified portfolio has compared to bonds.