A calm headline hiding a busy quarter
Record highs on the surface, a harder market underneath, higher oil, and the Fed's first rate increase since 2023.
Read the Q3 2026 review →
Insights
Quarterly letters and plain-English notes
Each quarter Scott writes to clients about what happened in the markets and what he's watching. Selected letters and articles are shared here.
When "the market is up" doesn't tell the whole story
Why the S&P 500's headline number and your own portfolio can tell different stories, and why that's normal.
Read the article →Commentary is for information only and is not a recommendation to buy or sell any security.