Dave Daglio speaks with Opening Bell Daily about how the Fed could be walking into "the greatest policy error of all time" and what investors should watch
Dave Daglio speaks with Opening Bell Daily about the potential risks of Federal Reserve policy, warning that the Fed could be approaching “the greatest policy error of all time,” and outlines key indicators investors should monitor in response.
Why Own Fixed Income? Time for an Update.
Why Own Fixed Income? Time for an Update.
Introduction In April 2025, we published Why Own Fixed Income? Our Purpose-Driven…
Introduction In April 2025, we published Why Own Fixed Income? Our Purpose-Driven Approach, arguing that fixed income is not a portfolio ballast or filler, but rather “a suite of precise and targeted tools”. In practice, that meant favoring short duration, senior CLO tranches, closed-end municipal funds trading at wide NAV discounts, and niche private credit with outsized return potential, while avoiding public corporate bonds at tight spreads and mainstream private credit. The fixed income landscape has since shifted The Fed raised rates for the first time in over 3 years in September with the dot plot indicating another increase by the December FOMC meeting. Treasury markets responded sharply, with 2-year yields reaching their highest levels since 2024. Hyperscaler issuance combined with persistent and growing deficits as we transition to a multipolar world, has pushed longer maturity Treasury yields to levels...
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September 2026
1 mins read
In The News
What are some of the ways investors are thinking about income beyond tradit...
What are some of the ways investors are thinking about income beyond traditional bonds?
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Paul Karger recently shared his perspective with CNBC on insurance-linked securities, including…
Paul Karger recently shared his perspective with CNBC on insurance-linked securities, including catastrophe bonds, as one area investors may consider as part of a diversified portfolio. Insurance-linked securities have characteristics that differ from traditional financial assets, including exposure to insurance and catastrophe risk. As with any investment strategy, they involve risks and are not appropriate for every investor.
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September 2026
1 mins read
In The News
Wes Karger, Co-Founder and Managing Partner of TwinFocus Capital, was recen...
Wes Karger, Co-Founder and Managing Partner of TwinFocus Capital, was recently featured in Financial Planning discussing tax considerations around in-kind charitable donations.
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Wes Karger, Co-Founder and Managing Partner of TwinFocus Capital, was recently featured…
Wes Karger, Co-Founder and Managing Partner of TwinFocus Capital, was recently featured in Financial Planning discussing tax considerations around in-kind charitable donations. Wes shares his perspective on donating highly appreciated assets, including publicly traded securities, and some of the complexities associated with donating less-liquid assets that may require appraisal. {The views expressed are Wes Karger’s own, made in his capacity as a media commentator, and do not constitute investment, tax, or legal advice or a recommendation to buy or sell any security. This post is shared for informational purposes only and is not an endorsement of TwinFocus or its services by Financial Planning or the author of the article. TwinFocus is an SEC-registered investment adviser; registration does not imply a certain level of skill or training.}
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September 2026
1 mins read
In The News
Wes Karger was recently featured in Financial Planning discussing the poten...
Wes Karger was recently featured in Financial Planning discussing the potential benefits and drawbacks of borrowing against fine art as a liquidity strategy for ultra-high-net-worth clients. In "The Art of Borrowing Against a Picasso," Wes explains that while art-secured lending can be a useful tool in certain situations, it's rarely the first option: "It's last on our list in terms of a strategy that would be feasible for a client, and the reason for that is art lending is very expensive in terms of specialty lending practices."
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