Newsletter

Tomorrow, 11 AM ET: Inside The AI Hardware Wall (CE Credit Approved)

A sponsored Lead-Lag Live webinar with Derek Yan, CFA of KraneShares on AGIX, the AI ETF holding direct stakes in Anthropic, SpaceX, and Nuro. 1 CFP / CIMA CE credit available.

Newsletter

Income Investing with Nasdaq Exposure — Live Webinar with Jay Hatfield (1 CFP CE Credit)

Wednesday, May 20, 2026 · 2:30 PM ET · 60 minutes The Nasdaq has been the engine of equity returns — and the source of most of the volatility. For income-focused investors, that volatility is usually a problem to manage. But it can also be a raw material to monetize. That’

Weekly Signals

Offense Holds the Line

Every intermarket signal stays on offense for a second straight week. Trend, rotation, commodities, and Treasury behavior remain unanimously aligned with risk.

Macro Observations

The Curve Just Un-Inverted. History Says That's When Things Break.

Credit spreads at 2007 lows, VIX collapsing, CPI re-accelerating, and a Fed splitting 8-4 for the first time since 1992. The all-clear isn't an all-clear.

Global View

The Bond Market Voted Friday

Warsh confirmed, Powell walked out, CPI printed 3.8%, stocks hit all-time highs on Thursday — and then the 10-year yield had the final word.

High Yield Spotlight

The Credit Market Has a Fear Problem Right Now. This 10% Yielder Is Built for It.

Ares Dynamic Credit Allocation Fund (NYSE: ARDC) — When the World's Largest Credit Manager Runs Your CEF

Leaders-Laggards

Tech Alone Drives Six Straight Up Weeks As The Fed Pivots Hawkish

S&P, Nasdaq Hit Fresh Records on Six-Week Rally; XLK +9.8% On The Week

Newsletter

Two cities, two nights, last seats — Boston tomorrow, NYC Thursday

This one is going out short and direct, because the clock matters. If you are a financial advisor in or near Boston or New York and you can move your schedule, read this now. I am hosting two private events in two cities over the next 36 hours, and a

Newsletter

48 hours out: three private advisor rooms with Rayliant + a top-tier Asia institutional partner

Boston Wednesday (lunch and dinner). New York Thursday. The doors close on RSVPs end of day tomorrow.

Weekly Signals

Four-for-Four

Every intermarket signal flips to offense. Trend, rotation, commodities, and Treasury behavior all aligned on the same side.

Newsletter

Boston Wednesday lunch + dinner, NYC Thursday dinner — three private advisor seats this week

Hosting Rayliant Global Advisors and a major Asia-Pacific institutional partner. Limited seats across three exclusive events — RSVP by Tuesday.

Newsletter

Calm Spreads, a Re-Steepening Curve, and the Credit-Rotation Setup Most Investors Ignore (JOJO)

KEY HIGHLIGHTS · **High yield credit spreads remain compressed**: the ICE BofA US High Yield OAS was **2.78% on 2026-05-04**.[2] Subscribe · **The Treasury curve is positive again**: the 10-year minus 2-year Treasury spread was **+0.50% on 2026-05-05**.[4] · **Inflation is not “gone,