With the ongoing IPO market activity, Dr. Josef Schuster joins the podcast to discuss his research on the unique performance dynamics that often follow new listings.

• Net inflows for US-listed ETFs totaled $187.8 billion in May, bringing total ETF assets under management to $15.4 trillion.
  
  
•  Equity ETFs had net inflows totaling $126.3 billion in May, bringing trailing 12-months (TTM) net inflows to $1.20 trillion. Active equity ETFs accounted for $39.7 billion in net inflows in May, compared to $86.6 billion in net inflows for passive equity ETFs. Total AUM in actively managed equity ETFs was $1.14 trillion, accounting for 9.3% of all equity ETF assets ($12.3 trillion), as of 5/31/26.
  
  
•  Fixed income ETFs had net inflows totaling $60.3 billion in May, bringing TTM net inflows to $539.8 billion. Active fixed income ETFs accounted for $20.1 billion in net inflows in May, compared to $40.1 billion in net inflows for passive fixed income ETFs. Total AUM in actively managed fixed income ETFs was $583.1 billion, accounting for 23.1% of all fixed income ETF assets ($2.5 trillion), as of 5/31/26.
  
  
•  Commodities ETFs had net inflows totaling $0.4 billion in May, bringing TTM net inflows to $42.1 billion. Precious metals ETFs (-$0.9 billion) had the largest net outflows for the month, offset by inflows into Broad Commodity ETFs ($0.9 billion) and Agricultural Commodity ETFs (+$0.4 billion).

Click here to continue reading.

Mandeep Singh, global head of Technology Research at Bloomberg Intelligence, joins the podcast to provide an update on the growing impact of artificial intelligence and other cutting-edge innovations.

The Hot Hand, a book written by Ben Cohen in 2020, explores the Hot Hand in Basketball research paper written in 1985. The book discusses the existence of streaks and whether an athlete is actually in “the zone” when she seemingly can’t miss. We have all seen it and it seems obvious when a shooter is red hot. Get her the ball! Yet Cohen’s book and various studies describe streaks as simply the randomness of a large data set and not being in any zone at all. Say what you will about Cohen’s book and the evidence...to most of us, it is clear that the equity markets are in the zone!

Click here to read the entire piece.

Brian Wesbury discusses the implications of a new Fed Chair, how the conflict in Iran may impact inflation, and whether or not AI can make a pencil.

Artificial intelligence has emerged as a disruptive force in the economy, as investors race to identify companies and industries that could be disintermediated.  Brian Murphy, Co-CIO of First Trust Capital Management, breaks down the implications for private credit, including potential risks and opportunities for investors.

• Net inflows for US-listed ETFs totaled $179.1 billion in April, bringing total ETF assets under management to $14.6 trillion.
  
  
• Equity ETFs had net inflows totaling $141.6 billion in April, bringing trailing 12-months (TTM) net inflows to $1.12 trillion. Active equity ETFs accounted for $30.9 billion in net inflows in April, compared to $110.7 billion in net inflows for passive equity ETFs. Total AUM in actively managed equity ETFs was $1.06 trillion, accounting for 9.1% of all equity ETF assets ($11.6 trillion), as of 4/30/26.
  
  
• Fixed income ETFs had net inflows totaling $31.5 billion in April, bringing TTM net inflows to $516.9 billion. Active fixed income ETFs accounted for $12.7 billion in net inflows in April, compared to $18.8 billion in net inflows for passive fixed income ETFs. Total AUM in actively managed fixed income ETFs were $561.7 billion, accounting for 22.8% of all fixed income ETF assets ($2.5 trillion), as of 4/30/26.
  
  
• Commodities ETFs had net outflows totaling $0.9 billion in April, bringing TTM net inflows to $39.9 billion. Precious metals ETFs ($0.4 billion) had the largest net inflows for the month, more than offset by energy ETF outflows (-$1.1 billion).

Click here to continue reading.

There is little disagreement that the word “diversification” is a pretty boring concept to discuss with investors. This may be especially true after the equity markets rallied ferociously in April 2026 led by the Mag 7 and the Tech+ trade. After trailing for the first three months of the year, the largest and most dominant companies, spending massive sums on artificial intelligence infrastructure, saw investors flood back into their shares in April 2026. Google and Amazon were both up over 25% and NVIDIA up 14%–in just one month! The market capitalization weighted S&P 500 Index soared 10.5% for the month and is now up 5.7% for the year.

Click here to read the entire piece.

Investors have been on edge this year, as mounting concerns related to geopolitical risk, interest rate risk, and credit risk have contributed to rising volatility. Bill Housey provides his prospective on where investors are—and are not—being adequately compensated for taking risk.

In the first quarter of 2026, alternative investments (“alternatives”) on average had solid positive returns and even better relative returns as capital markets struggled around the globe, especially U.S. equities. Investor focus shifted from “AI” (Artificial Intelligence) to the war with Iran. As a result of the conflict, commodity volatility spiked dramatically and most prices soared. Not surprisingly commodities dominated asset returns, with energy up nearly 60%, while industrials, precious metals and agricultural sectors outpaced most other asset classes. Private equity and private credit markets, which have been all the rage these past couple of years, were a bit more in the spotlight during the quarter, and not in a positive way. Some high-profile private credit funds have had to invoke gating on their redemptions as investors sought liquidity from their portfolios. Equity valuations have come down but remain quite elevated from a historical perspective. Valuations at these levels would typically prompt caution in the best of macro-environments, and given the highly volatility geopolitical environment, they may represent a heightened vulnerability for investors.

To view the entire article, click here.