High Yield Spotlight
The CLO Income Play That Doesn't Blow Up
How the Panagram BBB-B CLO ETF delivers a 7.5% yield with a floating-rate profile that thrives in a higher-for-longer world.
The Lead-Lag Report
High Yield Spotlight
AllianceBernstein's Global High-Yield CEF Yields 7.5%. The 8% Discount Is the Story.
When tariffs stress EM credit and domestic HY in the same move, a diversified global income fund at a decade-wide discount deserves a look. Every week, we'll profile a high yield investment fund that typically offers an annualized distribution of 6-10% or more. With the S&
High Yield Spotlight
PIMCO Puts Its Best Credit Manager in a CEF. The 11.6% Yield Comes With a Clock.
HIGH YIELD SPOTLIGHT Why PDO is one of the most interesting income vehicles in closed-end funds right now — and why the premium, the leverage, and the 2033 termination date all matter more than most investors realize. Every week, we'll profile a high yield investment fund that typically
Newsletter
$ATACX: What Rising Volatility Means for Tactical Funds vs. Static Portfolios
Key Highlights * Volatility has re-emerged as a defining feature of the current market cycle, reshaping how investors think about risk and portfolio construction.¹ * Traditional static allocations, including the classic 60/40 portfolio, face challenges when stock and bond correlations rise during periods of macro stress.² * Tactical allocation strategies, including
Newsletter
The Case for Regulatory Tailwinds Over Traditional Fiscal Stimulus — FMKT as a Structural Play
Key Highlights * Policymakers are increasingly relying on deregulation rather than fiscal stimulus to support growth * Supreme Court and executive actions have meaningfully altered the regulatory environment * Deregulation acts as a supply-side catalyst without the inflationary risks of spending * Financials, energy, healthcare, and infrastructure may benefit disproportionately * The Free Markets
Newsletter
$ATACX: Rotation Strategies and Rising Geopolitical Risk in 2026
Key Highlights * Geopolitical instability in 2026 has increased the frequency and severity of market risk-off episodes. * Traditional static portfolios have shown vulnerability during periods when stocks and bonds fall together. * Tactical rotation strategies seek to dynamically adjust between risk-on and risk-off assets based on market signals. * The
Newsletter
Thematic ETF Showdown: FMKT vs. Traditional Sector Funds
Key Highlights * FMKT is designed specifically to capture deregulation as an investment theme, cutting across energy, financials, and healthcare rather than confining exposure to a single sector. * Traditional sector ETFs reflect industry structure, not policy direction, which can dilute the impact of regulatory shifts on returns. * Deregulation rarely benefits all
Newsletter
Why Credit Markets Are at a Crossroads Heading Into 2026 — and What It Means for $JOJO
Have credit markets truly settled down, or are they simply catching their breath? Through much of 2025, corporate credit appeared remarkably calm. High-yield bond funds rallied, defaults stayed low, and investors grew comfortable with the idea that the worst of the tightening cycle had passed. Beneath that surface, however,
Newsletter
Why Tactical Allocation Funds Like ATACX Matter in a Late-Cycle Environment
Key Highlights * The U.S. economy is showing multiple late-cycle signals, including slowing growth, a persistent yield-curve inversion, and weakening leading indicators.¹²³ * Late-cycle environments increase the risk of sudden market reversals, making static portfolio allocations more vulnerable. * Tactical allocation funds like the ATAC Rotation Fund (Ticker: ATACX)
Newsletter
Concentrated vs. Broad Market Exposure: How $FMKT Stacks Up
Key Highlights * FMKT offers a concentrated, actively managed alternative to broad index investing by targeting companies most sensitive to deregulation. * Unlike the S&P 500, FMKT intentionally emphasizes sectors such as energy, financials, industrials, and healthcare, where regulatory shifts can materially affect profitability. * Broad market indices can mask concentration
Newsletter
$FMKT: Why Investors Should Treat Deregulation as a Structural Trend, Not a Fad
Key Highlights * Deregulation is re-emerging as a structural policy shift, driven by court rulings, executive action, and economic conditions rather than short-term political cycles. * A 2024 Supreme Court decision limiting regulatory authority has fundamentally reshaped the balance of power between federal agencies and the judiciary. * Industries with historically
Newsletter
$FMKT: Financial Deregulation Is Back in the Conversation
Key Highlights * Recent SEC agenda items and public statements signal a shift toward streamlined regulation and a renewed focus on capital formation and market efficiency.¹ * Enforcement priorities appear to be narrowing, with fewer actions tied to technical violations and greater emphasis on cases involving clear investor harm.³⁻⁴ * Heavily regulated industries