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Fox News

Weekly Market Recap

Zachary Hill, CFA® July 14, 2025

What Happened Last Week Trade Headlines: The US announced new tariffs against Brazil, Mexico, the

Three Weeks, Seven ETFs

Horizon July 10, 2025

Webcast Replay: Q2 2025 Quarterly Review & Market Outlook

Scott Ladner July 8, 2025

BNN Bloomberg: Expect the tariffs to provide international opportunities

Mike Dickson, Ph.D. July 8, 2025

Schwab Network: Does August 1 Tariff Deadline Mean Fed Can’t Cut in September?

Zachary Hill, CFA® July 8, 2025

Weekly Market Recap

Zachary Hill, CFA® July 7, 2025

Horizon Continues to Build Its Lineup of Exchange Traded Funds with the Launch of Two New Active Fixed Income ETFs

Horizon July 3, 2025

NPR: The dollar’s value has declined by 10% this year. What’s going on?

Scott Ladner July 2, 2025

Yahoo Finance: S&P 500 hits a new record close, Jeffries upgrades Apple stock

Scott Ladner July 2, 2025

A Rapid Recovery

Mike Dickson, Ph.D. July 1, 2025

CNBC: Dow jumps 400 points, S&P 500 closes flat to start new quarter as investors rotate out of tech

Zachary Hill, CFA® July 1, 2025

Weekly Market Recap

Zachary Hill, CFA® June 30, 2025

Horizon Adds Three ETFs to Its Growing Lineup of Solutions Tailored to Today’s Modern Financial Advisor

Horizon June 26, 2025

Could Housing Finally Start to Become More Affordable?

Mike Dickson, Ph.D. June 25, 2025

Weekly Market Recap

Zachary Hill, CFA® June 23, 2025

Bloomberg: Stock Market’s Path Depends on Fed’s View of What We Don’t Know

Scott Ladner June 21, 2025

CNBC: Dow posts narrow loss after Fed signals it’s in no hurry to cut rates

Zachary Hill, CFA® June 18, 2025

Bloomberg Radio: Global Markets Receive A Jolt After Trump Tehran Warning

James Abate June 17, 2025

Consumers’ Moods Begin to Brighten

Mike Dickson, Ph.D. June 17, 2025

Weekly Market Recap

Zachary Hill, CFA® June 16, 2025

Forget The Fed—For Now

Mike Dickson, Ph.D. June 11, 2025

Bloomberg Daybreak Asia: Trump Says He’ll Set Unilateral Tariffs; China’s Biotech Boom

Zachary Hill, CFA® June 11, 2025

Talkenomics: What’s Next For Bonds?

Mike Dickson, Ph.D. June 11, 2025

Horizon Investments is Now Horizon

Horizon June 10, 2025

Weekly Market Recap

Zachary Hill, CFA® June 9, 2025

Stocks Bloom In May

Mike Dickson, Ph.D. June 3, 2025

Weekly Market Recap | 06/02/2025

Zachary Hill, CFA® June 2, 2025

CNNBusiness: Trump’s trade war is bruising Apple — and your 401(k)

Scott Ladner May 31, 2025

Bloomberg Radio: Trump Wins Tariff Reprieve

Scott Ladner May 29, 2025

For Risk Reduction, Think Beyond Bonds

Mike Dickson, Ph.D. May 29, 2025

Weekly Market Recap | 05/27/2025

Zachary Hill, CFA® May 27, 2025

CNNBusiness: Stocks, dollar stumble after Trump reignites his trade war

Scott Ladner May 23, 2025

CNBC: CIO expects a ‘more measured’ reaction to Trump’s Friday comments but ‘tug of war’ ahead for economy

Scott Ladner May 23, 2025

Schwab Network: Hard Data ‘Totally Meaningless’ Because of Tariffs

Zachary Hill, CFA® May 22, 2025

BNN Bloomberg: Market outlook amid ongoing trade war negotiations

Scott Ladner May 22, 2025

Are Investors Underappreciating Risk?

Mike Dickson, Ph.D. May 21, 2025

A Tariff Turnaround

Allison Endara May 16, 2025

Yahoo Finance: This is the ‘number one place to play offense,’ strategist says

Zachary Hill, CFA® May 15, 2025

Bloomberg: U.S.-China Tariff Truce Positive But Trump “Negotiates Against Himself”

Horizon May 12, 2025

Weekly Market Recap | 05/12/2025

Zachary Hill, CFA® May 12, 2025

It’s Been Two Decades Since Stocks Did This

Zachary Hill, CFA® May 7, 2025

Weekly Market Recap | 05/05/2025

Zachary Hill, CFA® May 5, 2025

A Near-Historic 100 Days For Stocks

Zachary Hill, CFA® May 1, 2025

FOX Business: Trump tariff deals can’t come fast enough, CIO says

Scott Ladner April 28, 2025

Weekly Market Recap | 04/28/2025

Zachary Hill, CFA® April 28, 2025

Wall Street Journal: Dow Headed for Worst April Since 1932 as Investors Send ‘No Confidence’ Signal

Scott Ladner April 22, 2025

A Challenge to the “U.S. Exceptionalism” Trade?

Mike Dickson, Ph.D. April 22, 2025

Horizon Investments’ Acquisition of Centre Asset Management Has Closed, Further Enhancing Firm’s Investment Solutions Capabilities

Horizon April 22, 2025

Washington Post: Markets fall as Trump renews attack against Fed chair

Zachary Hill, CFA® April 21, 2025

Weekly Market Recap | 04/21/2025

Zachary Hill, CFA® April 21, 2025

Bloomberg TV: Earnings Estimates Not Important This Cycle: Horizon CIO

Scott Ladner April 21, 2025

CNBC: Dow drops nearly 700 points, Nasdaq tumbles 3% in tech-driven sell-off: Live updates

Zachary Hill, CFA® April 17, 2025

Is The Worst Behind Us?

Mike Dickson, Ph.D. April 17, 2025

Q1 2025 – Strategies in Review

Zachary Hill, CFA® April 16, 2025

Weekly Market Recap | 04/14/2025

Zachary Hill, CFA® April 14, 2025

Schwab Network: ‘Not a Disaster Economy’, but Markets Need Clarity

Scott Ladner April 14, 2025

America’s Tariff Hangover: What the Latest Data Tells Us

Scott Ladner April 11, 2025

BNN Bloomberg: Key takeaways on weakness in U.S. dollar

Scott Ladner April 11, 2025

Reuters: Trump tariffs anxiety: Individual investors flood advisers with calls but stay in the market

Austin Fitch, CFA® April 9, 2025

Q1 2025 Quarterly Review & Market Outlook Webcast Replay

Horizon April 8, 2025

Weekly Market Recap | 04/07/2025

Zachary Hill, CFA® April 7, 2025

BNN Bloomberg: Where else could Trump implement tariffs next?

Scott Ladner April 4, 2025

These Stocks Have Come Alive in ‘25

Mike Dickson, Ph.D. April 4, 2025

BBC News: Worst week for US stocks since Covid crash as China hits back on tariffs

Mike Dickson, Ph.D. April 4, 2025

Evaluating the Short- and Long-Term Impacts of Liberation Day

Scott Ladner April 3, 2025

Bloomberg: After ‘Liberation Day’ Comes ‘Obliteration Day’

Scott Ladner April 3, 2025

Weekly Market Recap | 03/31/25

Zachary Hill, CFA® March 31, 2025

Schwab Network: Small-Caps Resilient Amid Market Volatility

Mike Dickson, Ph.D. March 27, 2025

Are There Opportunities in Smaller Stocks?

Mike Dickson, Ph.D. March 27, 2025

Weekly Market Recap | 03/24/25

Zachary Hill, CFA® March 24, 2025

Barron’s: The Fed is ‘Largely Irrelevant.’ Here’s Why.

Scott Ladner March 20, 2025

The Lag 7

Mike Dickson, Ph.D. March 19, 2025

CNBC: Ladner: Powell’s press conference is the main show today

Scott Ladner March 19, 2025

Schwab Network: Tech ‘Has to Be’ in Your Portfolio

Scott Ladner March 18, 2025

Weekly Market Recap | 03/17/25

Zachary Hill, CFA® March 17, 2025

Yahoo Finance: Why Wall Street is struggling to adapt to Trump 2.0

Scott Ladner March 17, 2025

Take A Breath

Mike Dickson, Ph.D. March 11, 2025

Weekly Market Recap | 03/10/2025

Zachary Hill, CFA® March 10, 2025

Bloomberg Radio: US Stock Selloff Extends to APAC Markets

Scott Ladner March 10, 2025

REPLAY: Market Volatility Webinar

Horizon March 10, 2025

Is the U.S. Economy Cooling Down?

Mike Dickson, Ph.D. March 5, 2025

Special Report: The President Trump Seesaw

Zachary Hill, CFA® March 5, 2025

Risk Management Strategies: Professional Guide to Investment Protection

Horizon March 4, 2025

Wealth Preservation: Safeguarding Your Financial Future

Horizon March 4, 2025

Weekly Market Recap | 03/03/2025

Zachary Hill, CFA® March 3, 2025

Schwab Network: Emerging Markets Opportunities After U.S./Ukraine Meeting

Scott Ladner March 3, 2025

Déjà Vu As International Stocks Score Big

Mike Dickson, Ph.D. February 26, 2025

Weekly Market Recap | 02/24/2025

Zachary Hill, CFA® February 24, 2025

BNN Bloomberg: How the markets are reacting to approaching tariff deadline

Mike Dickson, Ph.D. February 24, 2025

FOX Business: Trump: Could end war in Ukraine within weeks

Scott Ladner February 24, 2025

What Has Small Business Owners Worried?

Zachary Hill, CFA® February 19, 2025

Weekly Market Recap | 02/18/2025

Zachary Hill, CFA® February 18, 2025

A Small-Cap Surprise Party

Mike Dickson, Ph.D. February 13, 2025

Schwab Network: January Inflation Reports: Consumer Strong but Fed Done Cutting

Scott Ladner February 13, 2025

Weekly Market Recap | 02/10/2025

Zachary Hill, CFA® February 10, 2025

Goals-Based Retirement Portfolios: Personalized Asset Management for Financial Success

Horizon February 10, 2025

Goals-Based Investment Manager: Personalized Financial Guidance for Life Objectives

Horizon February 10, 2025

Yahoo Finance: Treasury’s refinancing may lead to bond market anxieties

Mike Dickson, Ph.D. February 7, 2025

Goals-Driven Investing: Transforming Asset Management for Personal Financial Empowerment

Horizon February 6, 2025

Goal-Based Investment Planning: Crafting Your Financial Future with Purpose

Horizon February 6, 2025

Goals-Based Asset Management: Personalized Wealth Strategy for Life Objectives

Horizon February 6, 2025

What Could Tariffs Mean For Investors & Consumers?

Mike Dickson, Ph.D. February 5, 2025

Bloomberg: US-China Trade War Casts Shadow on Global Markets

Zachary Hill, CFA® February 5, 2025

Weekly Market Recap | 02/03/2025

Zachary Hill, CFA® February 3, 2025

Goals-Based Investment Manager: Personalized Financial Guidance for Life Objectives

Horizon January 30, 2025

BNN Bloomberg: Why the U.S. fed is on hold for the next several months

Scott Ladner January 29, 2025

BNN Bloomberg: Market reaction to BoC, U.S. fed rate decisions

Zachary Hill, CFA® January 29, 2025

AI in Flux

Mike Dickson, Ph.D. January 29, 2025

Weekly Market Recap | 1/27/2025

Zachary Hill, CFA® January 27, 2025

Dance of the Dollar

Mike Dickson, Ph.D. January 23, 2025

CNBC: Technology and AI are going to diffuse into the rest of the economy

Scott Ladner January 23, 2025

Horizon Investments Sponsors Its First Exchange Traded Funds, Names Clark Allen as Head of ETFs

Horizon January 23, 2025

Money Life: ‘Earnings-driven market’ should post double-digit gains

Scott Ladner January 21, 2025

Weekly Market Recap | 1/21/2025

Zachary Hill, CFA® January 21, 2025

Schwab Network: What Real Yields Indicate About Economic Growth

Mike Dickson, Ph.D. January 17, 2025

Quarterly Report | Opportunities and Risks in 2025

Scott Ladner January 16, 2025

Interest Rates: Rising for the Right Reasons?

Mike Dickson, Ph.D. January 16, 2025

Yahoo Finance: It’s growth, not inflation keeping rates higher

Scott Ladner January 14, 2025

Fox: Rising Yields & Fed Confusion: What’s Next for Markets?

Scott Ladner January 14, 2025

Q4 2024 – Strategies in Review

Zachary Hill, CFA® January 14, 2025

Weekly Market Recap | 1/13/2025

Zachary Hill, CFA® January 13, 2025

BNN Bloomberg: Is the Fed losing its nonpartisan footing?

Scott Ladner January 11, 2025

Don’t Disdain Diversification

Mike Dickson, Ph.D. January 10, 2025

Q4 2024 Quarterly Review & Market Outlook Webcast Replay

Horizon January 8, 2025

Weekly Market Recap | 1/6/2025

Zachary Hill, CFA® January 6, 2025

Yahoo Finance: “We don’t believe that rates don’t matter.”

Zachary Hill, CFA® January 6, 2025

Yahoo Finance: Divergence creates a ‘good setup’ for small-caps in 2025

Mike Dickson, Ph.D. December 26, 2024

Weekly Market Recap | 12/23/2024

Zachary Hill, CFA® December 23, 2024

BNN Bloomberg: U.S. market trends to watch in 2025

Zachary Hill, CFA® December 23, 2024

Time to Think Small?

Mike Dickson, Ph.D. December 19, 2024

Bloomberg Radio: Market Valuation Concerns and Defensive Investment Strategies

James Abate December 17, 2024

Weekly Market Recap | 12/16/2024

Zachary Hill, CFA® December 16, 2024

BNN Bloomberg: 2025 AI Theme: A “Prove Me Wrong” Scenario?

Mike Dickson, Ph.D. December 13, 2024

Bitcoin Ascendant

Mike Dickson, Ph.D. December 12, 2024

Weekly Market Recap | 12/09/2024

Zachary Hill, CFA® December 9, 2024

Yahoo Finance: Sectors to watch vs. sectors to avoid in 2025

Scott Ladner December 9, 2024

FOX Business: How can Americans invest ‘through the new normal’?

Scott Ladner December 9, 2024

Schwab Network: Santa Claus Rally Coming; 3 Rate Cuts Next Year

Mike Dickson, Ph.D. December 9, 2024

Look Beyond Today’s Stock Market Outperformers

Mike Dickson, Ph.D. December 5, 2024

Weekly Market Recap | 12/02/2024

Zachary Hill, CFA® December 2, 2024

Bloomberg Technology | China’s Tech, Tesla’s Surge, Bitcoin’ Stall

Scott Ladner November 25, 2024

Weekly Market Recap | 11/25/2024

Zachary Hill, CFA® November 25, 2024

BNN Bloomberg: The Latest Homebuilder Data

Scott Ladner November 21, 2024

Investors Cheer Strong Corporate Profits

Mike Dickson, Ph.D. November 21, 2024

Horizon Investments Announces New Acquisition, Bringing Centre Asset Management into Fold to Augment Range of Investment Solutions

Horizon November 19, 2024

Schwab Network: What’s next for small caps and the Fed?

Scott Ladner November 19, 2024

Bloomberg: The U.S. economy remains resilient

Zachary Hill, CFA® November 18, 2024

Weekly Market Recap | 11/18/2024

Zachary Hill, CFA® November 18, 2024

Yahoo Finance: Embrace Volatility

Mike Dickson, Ph.D. November 14, 2024

Aahhhh…

Mike Dickson, Ph.D. November 13, 2024

Schwab Network: The U.S. over the rest of the world?

Mike Dickson, Ph.D. November 12, 2024

Weekly Market Recap | 11/11/2024

Zachary Hill, CFA® November 11, 2024

Republicans Sweep (Again) for Trump’s Second Act

Zachary Hill, CFA® November 6, 2024

Who are the Real Election Winners?

Mike Dickson, Ph.D. November 5, 2024

Weekly Market Recap | 11/04/2024

Zachary Hill, CFA® November 4, 2024

CNBC: A “Red Sweep” not happening makes sense for bond yields pulling back.

Scott Ladner November 4, 2024

The Housing Market Is Still Stuck

Mike Dickson, Ph.D. October 31, 2024

BNN Bloomberg: The Energy Sector Amid Geopolitical Tensions

Scott Ladner October 29, 2024

BNN Bloomberg: Market playbook for a Trump or Harris victory

Scott Ladner October 29, 2024

Weekly Market Recap | 10/28/2024

Zachary Hill, CFA® October 28, 2024

Schwab Network: Mega Caps vs the Market

Mike Dickson, Ph.D. October 25, 2024

A Strong Foundation

Mike Dickson, Ph.D. October 23, 2024

Weekly Market Recap | 10/21/2024

Zachary Hill, CFA® October 21, 2024

Fox: AI technology can speed up drug development

Scott Ladner October 21, 2024

Quarterly Report | The Road Back to Normal

Scott Ladner October 18, 2024

Schwab Network: Earnings are showing a resilient economy

Zachary Hill, CFA® October 18, 2024

Happy Birthday, Bull!

Mike Dickson, Ph.D. October 17, 2024

Weekly Market Recap | 10/14/2024

Zachary Hill, CFA® October 14, 2024

Q3 2024 – Strategies in Review

Zachary Hill, CFA® October 11, 2024

What Are Junk Bonds Saying About the Economy?

Mike Dickson, Ph.D. October 9, 2024

Q3 2024 Quarterly Webcast Replay

Horizon October 8, 2024

BNN Bloomberg: Current macro landscape in the U.S.

Scott Ladner October 8, 2024

Weekly Market Recap | 10/07/2024

Zachary Hill, CFA® October 7, 2024

China Takes Off

Mike Dickson, Ph.D. October 3, 2024

Bloomberg Radio: Middle East Worries

Scott Ladner October 2, 2024

Schwab Network: China’s Will-They-Won’t-They Stimulus Package

Scott Ladner October 2, 2024

Yahoo Finance: Why investors can’t adjust portfolios in ‘a meaningful way’

Scott Ladner October 2, 2024

CNBC: Defense stocks are probably not a bad place to be right now

Scott Ladner October 2, 2024

Weekly Market Recap | 09/30/2024

Zachary Hill, CFA® September 30, 2024

Which Stocks Have The Power?

Mike Dickson, Ph.D. September 25, 2024

Weekly Market Recap | 09/23/2024

Zachary Hill, CFA® September 23, 2024

Bloomberg: A Divided Fed Raises Questions About Future Cuts

Zachary Hill, CFA® September 23, 2024

Special Report: The Easing Cycle Finally Begins

Zachary Hill, CFA® September 20, 2024

Let’s Get It Started

Mike Dickson, Ph.D. September 18, 2024

Weekly Market Recap | 09/16/2024

Zachary Hill, CFA® September 16, 2024

A Smoother Road?

Mike Dickson, Ph.D. September 11, 2024

Special Report: Election 2024

Zachary Hill, CFA® September 10, 2024

BNN Bloomberg: The underleveraged U.S. consumer

Scott Ladner September 10, 2024

Fox: Why does the U.S. consumer feel like garbage?

Scott Ladner September 9, 2024

Weekly Market Recap | 09/09/2024

Zachary Hill, CFA® September 9, 2024

Quarterly Webcast Registration

Horizon September 5, 2024

A Fall Harvest?

Mike Dickson, Ph.D. September 5, 2024

Schwab: The “War and War Recovery” Cycle of the Markets

Scott Ladner September 4, 2024

Weekly Market Recap | 09/03/2024

Zachary Hill, CFA® September 3, 2024

CNBC: The story with NVIDIA is about the economy adopting AI

Scott Ladner August 29, 2024

Ready To Cut

Mike Dickson, Ph.D. August 29, 2024

Weekly Market Recap | 08/26/24

Zachary Hill, CFA® August 26, 2024

Schwab Network: The Fed Has Quite a Lot of Room to Cut

Zachary Hill, CFA® August 23, 2024

Stocks Come Roaring Back

Mike Dickson, Ph.D. August 22, 2024

Weekly Market Recap | 08/19/24

Zachary Hill, CFA® August 19, 2024

Schwab Network: “Fed put” is alive and well.

Scott Ladner August 15, 2024

Corporate Earnings Update: A (Mostly) Rosy Picture

Mike Dickson, Ph.D. August 15, 2024

Weekly Market Recap | 08/12/24

Zachary Hill, CFA® August 12, 2024

BNN Bloomberg: AI to boost productivity by 20-30%

Scott Ladner August 12, 2024

CNBC: Inflation has taken a back seat to employment and growth data

Scott Ladner August 12, 2024

Don’t Panic!

Mike Dickson, Ph.D. August 6, 2024

Investors Get Spooked

Mike Dickson, Ph.D. August 6, 2024

Weekly Market Recap | 08/05/24

Zachary Hill, CFA® August 5, 2024

Yahoo Finance: Friday’s Market Sell-Off a ‘Technical-Driven Unwind’

Scott Ladner August 2, 2024

The Comeback Kids

Mike Dickson, Ph.D. July 31, 2024

Weekly Market Recap | 07/29/24

Zachary Hill, CFA® July 29, 2024

The Case Against Pessimism

Zachary Hill, CFA® July 24, 2024

Weekly Market Recap | 07/22/24

Zachary Hill, CFA® July 22, 2024

Quarterly Report | The Road Ahead: Three Trends We’re Watching

Scott Ladner July 18, 2024

Are Rate Cuts Finally About to Happen?

Mike Dickson, Ph.D. July 16, 2024

Weekly Market Recap | 07/15/24

Zachary Hill, CFA® July 15, 2024

Q2 2024 – Strategies in Review

Zachary Hill, CFA® July 9, 2024

Q2 2024 Quarterly Webcast Replay

Horizon July 9, 2024

Weekly Market Recap | 07/08/24

Zachary Hill, CFA® July 8, 2024

Yahoo Finance: Two Factors to Watch For in Q2 Earnings

Zachary Hill, CFA® July 3, 2024

CNBC: Need rate cuts to broaden the rally, not to keep it going

Scott Ladner July 3, 2024

Could Stocks Soar in the Second Half of ‘24?

Mike Dickson, Ph.D. July 2, 2024

Weekly Market Recap | 07/01/24

Zachary Hill, CFA® July 1, 2024

July is Hot!

Mike Dickson, Ph.D. June 26, 2024

Weekly Market Recap | 6/24/24

Zachary Hill, CFA® June 24, 2024

BNN Bloomberg: Is the Nvidia party over?

Zachary Hill, CFA® June 21, 2024

Schwab Network: Once The Fed Cuts, Will It Continue To Cut?

Scott Ladner June 21, 2024

The Best – Or the Rest?

Mike Dickson, Ph.D. June 18, 2024

Weekly Market Recap | 6/17/24

Zachary Hill, CFA® June 17, 2024

Schwab Network: When Will the Fed’s Easing Cycle Begin?

Zachary Hill, CFA® June 14, 2024

A Sunny Summer for Stocks?

Zachary Hill, CFA® June 13, 2024

Weekly Market Recap | 6/10/24

Zachary Hill, CFA® June 10, 2024

Is the Housing Market Cooling Off Fast?

Mike Dickson, Ph.D. June 4, 2024

Weekly Market Recap | 6/03/24

Zachary Hill, CFA® June 3, 2024

Simply Ncredible

Mike Dickson, Ph.D. May 30, 2024

Fox Business: Tech is where earnings growth is in second half of year

Scott Ladner May 29, 2024

Weekly Market Recap | 5/28/24

Zachary Hill, CFA® May 28, 2024

CNBC: What is the next-gen AI trade?

Scott Ladner May 24, 2024

Surprise! Foreign Markets Show Resilience

Mike Dickson, Ph.D. May 22, 2024

Fox Business: Generative AI is driving an ‘electrification boom’

Scott Ladner May 21, 2024

Weekly Market Recap | 5/20/24

Zachary Hill, CFA® May 20, 2024

In Fighting Shape

Mike Dickson, Ph.D. May 16, 2024

Schwab: Setting yourself up for long-term retirement income

Mike Dickson, Ph.D. May 14, 2024

Weekly Market Recap | 5/13/24

Zachary Hill, CFA® May 13, 2024

More Reasons to Stick With Stocks in Retirement

Mike Dickson, Ph.D. May 9, 2024

Bloomberg: Are we at the doorstep of a small-cap rally?

Scott Ladner May 7, 2024

Yahoo! Finance: The new market needs a new catalyst

Scott Ladner May 7, 2024

Weekly Market Recap | 5/06/24

Zachary Hill, CFA® May 6, 2024

Will Strong Earnings Boost Investor Confidence?

Mike Dickson, Ph.D. May 1, 2024

Q1 2024 Report | Party Like It’s 1995?

Scott Ladner April 29, 2024

Weekly Market Recap | 4/29/24

Zachary Hill, CFA® April 29, 2024

U.S. Energy Independence: A Ballast to Economic Growth

Mike Dickson, Ph.D. April 24, 2024

Weekly Market Recap | 4/22/24

Zachary Hill, CFA® April 22, 2024

The Fed’s bar to hike is almost impossibly high at this point.

Scott Ladner April 22, 2024

Fox Business: Stop worrying about interest rates. (Unless you’re a small cap.)

Scott Ladner April 19, 2024

A Big Retail Sales Beat Points to a Robust U.S. Consumer

Mike Dickson, Ph.D. April 18, 2024

Weekly Market Recap | 4/15/24

Zachary Hill, CFA® April 15, 2024

Q1 2024 Review + Market Outlook Webcast

Scott Ladner April 12, 2024

BNN Bloomberg: How Exposed are You?

Mike Dickson, Ph.D. April 11, 2024

Q1 2024 – Strategies in Review

Zachary Hill, CFA® April 11, 2024

Investors Raise the Bar for First Quarter Earnings

Mike Dickson, Ph.D. April 11, 2024

Weekly Market Recap | 4/08/24

Zachary Hill, CFA® April 8, 2024

Can Stocks Keep Running?

Mike Dickson, Ph.D. April 3, 2024

Weekly Market Recap | 4/01/24

Zachary Hill, CFA® April 1, 2024

Schwab: We don’t think any rate move is happening in the next two months.

Zachary Hill, CFA® April 1, 2024

The Details Matter

Mike Dickson, Ph.D. March 27, 2024

Weekly Market Recap | 3/25/24

Zachary Hill, CFA® March 25, 2024

Are Fixed-Income’s Calm Waters About to Get Choppy?

Mike Dickson, Ph.D. March 20, 2024

Weekly Market Recap | 3/18/24

Zachary Hill, CFA® March 18, 2024

High Yield Action

Mike Dickson, Ph.D. March 13, 2024

Weekly Market Recap | 3/11/24

Zachary Hill, CFA® March 11, 2024

Schwab: Will inflation push rate cuts to September?

Mike Dickson, Ph.D. March 11, 2024

An Inflation Head-Fake?

Mike Dickson, Ph.D. March 7, 2024

Fox: There’s some politicization about the Fed in reality

Scott Ladner March 7, 2024

CNBC: What’s ahead for the markets in March?

Scott Ladner March 4, 2024

Weekly Market Recap | 3/04/24

Zachary Hill, CFA® March 4, 2024

Addressing Retirees’ Concerns with Rebalancing

John Bryant, CFA® February 28, 2024

A World of Opportunity

Mike Dickson, Ph.D. February 28, 2024

Weekly Market Recap | 2/26/24

Zachary Hill, CFA® February 26, 2024

Weekly Market Recap | 2/20/24

Zachary Hill, CFA® February 20, 2024

A Stock Market Moment 52 Years in the Making

Zachary Hill, CFA® February 15, 2024

Market Update with Zach Hill, CFA® | February 2024

Zachary Hill, CFA® February 13, 2024

Weekly Market Recap | 2/12/24

Zachary Hill, CFA® February 12, 2024

Fox: US economy riding on ‘strong tailwind’ of GDP growth

Scott Ladner February 12, 2024

People Have Power!

Zachary Hill, CFA® February 7, 2024

InvestmentNews: Overloading on stocks in retirement often makes sense

Scott Ladner February 7, 2024

Weekly Market Recap | 2/05/24

Horizon February 5, 2024

Good Vibes

Mike Dickson, Ph.D. February 1, 2024

Weekly Market Recap | 1/29/24

Zachary Hill, CFA® January 29, 2024

Stocks Hit New Highs. Now What?

Mike Dickson, Ph.D. January 25, 2024

Bloomberg Radio: Is it Japan’s time to shine?

Scott Ladner January 25, 2024

Defining the Outsourced Chief Investment Officer (OCIO)

Austin Fitch, CFA® January 24, 2024

CNBC: Markets will see more gains this year, led by under-hyped tech stocks

Scott Ladner January 23, 2024

Fox Business: You can’t invest in China, ‘the economy’s doomed’

Scott Ladner January 22, 2024

BNN Bloomberg: Will AI raise revenue per employee?

Scott Ladner January 22, 2024

Weekly Market Recap | 1/22/24

Zachary Hill, CFA® January 22, 2024

Will Housing Spoil the Inflation Party?

Mike Dickson, Ph.D. January 18, 2024

Bloomberg: How does credit card debt relate to a growing economy?

Mike Dickson, Ph.D. January 17, 2024

Weekly Market Recap | 1/16/24

Zachary Hill, CFA® January 16, 2024

Q4 2023 Quarterly Focus Article

Scott Ladner January 12, 2024

Q4 2023 – Strategies in Review

Zachary Hill, CFA® January 12, 2024

When Diversification Doesn’t Diversify

Mike Dickson, Ph.D. January 11, 2024

Q4 2023 Review + Market Outlook Webcast

Scott Ladner January 11, 2024

Weekly Market Recap | 1/08/24

Zachary Hill, CFA® January 9, 2024

Fox Business: It was not a normal business cycle.

Scott Ladner January 4, 2024

Weekly Market Recap | 1/02/24

Zachary Hill, CFA® January 2, 2024

Q4 2023 Review & Market Outlook Registration

Horizon January 2, 2024

Tech Investors Still Trying to Catch Up

Mike Dickson, Ph.D. December 20, 2023

Weekly Market Recap | 12/18/23

Zachary Hill, CFA® December 18, 2023

Credit Card Debt? Surfing, Not Drowning

Mike Dickson, Ph.D. December 14, 2023

Weekly Market Recap | 12/11/23

Zachary Hill, CFA® December 11, 2023

Perking Up!

Mike Dickson, Ph.D. December 7, 2023

Weekly Market Recap | 12/04/23

Zachary Hill, CFA® December 4, 2023

Bloomberg: Scott Ladner on Markets and Strategy

Scott Ladner December 4, 2023

Small Packages

Zachary Hill, CFA® November 30, 2023

Get Your Time Back with an Efficient RMD Strategy

Mike Dickson, Ph.D. November 29, 2023

Weekly Market Recap | 11/27/23

Zachary Hill, CFA® November 27, 2023

CNBC: Divergence in stock performance

Scott Ladner November 17, 2023

A Good Option

Mike Dickson, Ph.D. November 17, 2023

The Claman Countdown: Big Tech and Investing Advice

Scott Ladner November 17, 2023

CIO Scott Ladner on BNN Powell’s Comments on Rising Rates

Scott Ladner November 14, 2023

Weekly Market Recap | 11/13/23

Zachary Hill, CFA® November 13, 2023

Memo to Stocks: On Your Mark, Get Set…

Mike Dickson, Ph.D. November 9, 2023

Weekly Market Recap | 11/06/23

Zachary Hill, CFA® November 6, 2023

A Hard Road

Mike Dickson, Ph.D. November 1, 2023

Masterclass: Portfolio Construction with Austin Fitch, CFA®

Austin Fitch, CFA® October 31, 2023

Weekly Market Recap | 10/30/23

Zachary Hill, CFA® October 30, 2023

A Roaring U.S. Economy?

Mike Dickson, Ph.D. October 29, 2023

The Homebuyer Blues

Mike Dickson, Ph.D. October 26, 2023

Q3 2023 Quarterly Focus Article

Scott Ladner October 25, 2023

Weekly Market Recap | 10/23/23

Zachary Hill, CFA® October 23, 2023

CIO Scott Ladner joins BNN Bloomberg to discuss investing amid high rates.

Scott Ladner October 23, 2023

Q3 2023 – Strategies in Review

Zachary Hill, CFA® October 19, 2023

Weekly Market Recap | 10/16/23

Zachary Hill, CFA® October 16, 2023

Q3 2023 Review + Market Outlook Webcast

Scott Ladner October 10, 2023

Weekly Market Recap | 10/09/23

Zachary Hill, CFA® October 9, 2023

Is Fixed Income Broken?

Mike Dickson, Ph.D. October 5, 2023

CNBC: The Bear Case for Consumer Staples

Scott Ladner October 3, 2023

Advisor Sentiment Survey Results

Austin Fitch, CFA® October 3, 2023

Weekly Market Recap | 10/02/23

Zachary Hill, CFA® October 2, 2023

Dollar Dollar Bill, Y’all!

Zachary Hill, CFA® September 28, 2023

Weekly Market Recap | 9/25/23

Zachary Hill, CFA® September 25, 2023

BNN Bloomberg: Upside in markets, cyclical commodities, and more

Scott Ladner September 21, 2023

Two Signs of Stock Market Strength, Courtesy of the Bond Market

Mike Dickson, Ph.D. September 20, 2023

Market Update: Economic Data, Monetary Policy, and Current Market Positioning | September 18, 2023

Zachary Hill, CFA® September 18, 2023

Weekly Market Recap | 9/18/23

Zachary Hill, CFA® September 18, 2023

Could An Oil Boom Bust The Economy?

Mike Dickson, Ph.D. September 14, 2023

Weekly Market Recap | 9/11/23

Zachary Hill, CFA® September 11, 2023

Do You Remember…a Stock Slide in September?

Mike Dickson, Ph.D. September 6, 2023

Weekly Market Recap | 9/05/23

Zachary Hill, CFA® September 5, 2023

Weekly Market Recap | 8/28/23

Zachary Hill, CFA® August 28, 2023

A Possible Peak Soft Landing & A.I. Potential | Schwab Network

Scott Ladner August 25, 2023

Haven’t Got Time For The Pain

Zachary Hill, CFA® August 23, 2023

Weekly Market Recap | 8/21/23

Zachary Hill, CFA® August 21, 2023

Turbulence Ahead?

Zachary Hill, CFA® August 17, 2023

Fox News | This AI boom is fundamentally important to the economy

Scott Ladner August 16, 2023

Weekly Market Recap | 8/14/23

Zachary Hill, CFA® August 14, 2023

Call Me!

Mike Dickson, Ph.D. August 9, 2023

Weekly Market Recap | August 7, 2023

Zachary Hill, CFA® August 7, 2023

Market Update: Fed, Microeconomics, and Macroeconomics | August 7, 2023

Zachary Hill, CFA® August 7, 2023

No hike but high rates, where do you put the money?

Scott Ladner August 4, 2023

Are The “Magnificent 7” Tech Stocks Ready to Share the Road?

Mike Dickson, Ph.D. August 3, 2023

Weekly Market Recap | July 31, 2023

Zachary Hill, CFA® July 31, 2023

It Ain’t Over ‘Til It’s Over

Zachary Hill, CFA® July 27, 2023

TD Ameritrade July 24, 2023 | The Importance of A.I. In Upcoming Earnings

Scott Ladner July 24, 2023

Weekly Market Recap | July 24, 2023

Zachary Hill, CFA® July 24, 2023

CNBC July 24, 2023 | CIO Scott Ladner

Scott Ladner July 24, 2023

Potential Opportunity Beneath the Market’s Calm Surface

Mike Dickson, Ph.D. July 19, 2023

Evaluating Strategies in a Goals-Based Context

John Bryant, CFA® July 19, 2023

Q2 2023 Quarterly Focus Article

Scott Ladner July 17, 2023

Q2 2023 Review + Market Outlook Webcast

Scott Ladner July 14, 2023

Q2 2023 – Strategies in Review

Zachary Hill, CFA® July 14, 2023

A Narrow Upward Path—For Now

Mike Dickson, Ph.D. July 12, 2023

Weekly Market Recap | July 10, 2023

Zachary Hill, CFA® July 10, 2023

“The strength of the US labor market is almost unbelievable…”

Scott Ladner July 6, 2023

Weekly Market Recap | July 3, 2023

Zachary Hill, CFA® July 3, 2023

Investors Keep Calm and Carry On

Mike Dickson, Ph.D. June 29, 2023

Weekly Market Recap | June 26, 2023

Zachary Hill, CFA® June 26, 2023

Market could see some correction in the near-term

Zachary Hill, CFA® June 23, 2023

The Retirement Income Challenge

Mike Dickson, Ph.D. June 21, 2023

Homes! Homes! Homes!

Mike Dickson, Ph.D. June 21, 2023

Weekly Market Recap | June 20, 2023

Zachary Hill, CFA® June 20, 2023

Does This Market Have Staying Power?

Mike Dickson, Ph.D. June 13, 2023

Weekly Market Recap | June 12, 2023

Zachary Hill, CFA® June 12, 2023

Jobs! Jobs! Jobs!

Mike Dickson, Ph.D. June 6, 2023

Weekly Market Recap | June 5, 2023

Zachary Hill, CFA® June 5, 2023

CIO Scott Ladner joined TD Ameritrade Network to discuss A.I.

Scott Ladner June 2, 2023

Tech Sector Thumbs Its Nose at Higher Rates

Zachary Hill, CFA® May 31, 2023

Weekly Market Recap | May 30, 2023

Zachary Hill, CFA® May 30, 2023

Horizon Investments | Mid-Quarter Update

Scott Ladner May 30, 2023

Guess What’s Beating the Nasdaq?

Mike Dickson, Ph.D. May 24, 2023

Weekly Market Recap | May 22, 2023

Zachary Hill, CFA® May 22, 2023

BIG NUMBER 1=2000

A One-Stock Army?

Zachary Hill, CFA® May 17, 2023

BIG NUMBER 144=2

Regional Banks: Smaller than you think

Mike Dickson, Ph.D. May 11, 2023

May 8, 2023 | Market Update With Zach Hill CFA® Head of Portfolio Management

Market Update: Earnings, Fed, and Outlook | May 8, 2023

Zachary Hill, CFA® May 8, 2023

BIG NUMBER 66%

Will Lower Volatility Mean Higher Stock Prices?

Mike Dickson, Ph.D. May 3, 2023

FOCUS QUARTERLY OUTLOOK; Q1 2023; WHERE DO WE GO FROM HERE? After a dizzying start to 2023, investors face three potential paths

Horizon Investments Quarterly Focus: Q1 | Where do we go from here?

Scott Ladner April 27, 2023

Big Numbers 13.2%

The Wheat and the Chaff

Mike Dickson, Ph.D. April 27, 2023

Q1 2023 – Strategies in Review

Zachary Hill, CFA® April 24, 2023

Too Much of Nothing

Mike Dickson, Ph.D. April 19, 2023

A Tale of Two Markets

Mike Dickson, Ph.D. April 12, 2023

Tactical Management: Global, Flexible, Dynamic

Mike Dickson, Ph.D. March 31, 2023

It Just Got Extreme Between Tech and Small-Caps

Zachary Hill, CFA® March 29, 2023

Market Update + Outlook with CIO Scott Ladner and Austin Fitch CFA®

Horizon Investments March 27, 2023

What Happens When The Fed Stops Raising Rates?

Mike Dickson, Ph.D. March 23, 2023

Shades of ’87 as Treasury Yields Plummet

Mike Dickson, Ph.D. March 15, 2023

Semiconductors Spark Investors’ Hope

Mike Dickson, Ph.D. March 9, 2023

Surprise! Pending Home Sales Surge

Mike Dickson, Ph.D. March 2, 2023

Zach Hill, CFA® joined ‘Squawk Box’ to discuss what’s happening in the microeconomic economy

Zachary Hill, CFA® February 22, 2023

Emerging Risks in U.S. Stocks

Zachary Hill, CFA® February 16, 2023

Fast Take: February 10, 2023 | Market Insights with Zach Hill, CFA®

Zachary Hill, CFA® February 10, 2023

Using non-traditional data to quantitatively identify high-quality companies.

Clark Allen, CFA® February 10, 2023

Risky Stocks Are All The Rage—But Will It Last?

Mike Dickson, Ph.D. February 10, 2023

This Bond Market Signal May Be Good News for Stocks

Zachary Hill, CFA® February 2, 2023

Q4 2022 – Strategies in Review

Zachary Hill, CFA® January 30, 2023

Q4 Focus 2022: Navigating The Unknown

Scott Ladner January 30, 2023

International Stocks: Back in the Driver’s Seat?

Zachary Hill, CFA® January 25, 2023

When Risk Management Fails

Mike Dickson, Ph.D. January 19, 2023

Q4 2022 FOCUS Webcast

Horizon Investments January 18, 2023

Zach Hill, CFA® joined Worldwide Exchange to discuss equities ahead of CPI report

Zachary Hill, CFA® January 12, 2023

Zach Hill, CFA® joined Reuters – calls the recent rally in equities “not compatible with what the Fed wants”

Zachary Hill, CFA® January 12, 2023

It’s a Bizarre World for Growth and Value Stocks

Mike Dickson, Ph.D. January 11, 2023

Scott Ladner’s thoughts on the market for 2023

Scott Ladner January 10, 2023

Scott Ladner on ‘Mornings with Maria’: Will Headwinds be Tailwinds?

Scott Ladner January 6, 2023

Zach Hill, CFA® joined Squawk Box to weigh in on expectations for 2023

Zachary Hill, CFA® January 5, 2023

Zach Hill, CFA® weighs in on Big Tech in The Wall Street Journal

Zachary Hill, CFA® January 5, 2023

Scott Ladner on CNBC Worldwide Exchange

Scott Ladner December 29, 2022

Fast Take: December 22, 2022 | Market Insights with Zach Hill, CFA®

Zachary Hill, CFA® December 22, 2022

A Double Whammy For The Ages

Zachary Hill, CFA® December 21, 2022

Consumers will have ‘more resilience’ in 2023

Horizon Investments December 19, 2022

Exciting Times for the Slow and Steady

Mike Dickson, Ph.D. December 15, 2022

Hard Truths About Soft Landings

Zachary Hill, CFA® December 8, 2022

Final Fed meeting has potential to be a ‘market mover’

Horizon Investments December 7, 2022

Muted Market Reaction from Bad Jobs Report

Horizon Investments December 7, 2022

Ho-Ho-High-Yield! Tis the season…for junk?

Mike Dickson, Ph.D. November 30, 2022

Zach Hill, CFA® joined Squawk Box to talk about the markets

Horizon Investments November 28, 2022

Fast Take: Nov. 22 2022 | Market Update With Zach Hill, CFA®

Zachary Hill, CFA® November 22, 2022

Inflation To Turkeys: Get Stuffed!

Horizon Investments November 22, 2022

When It’s Time to Change

Horizon Investments November 15, 2022

Is the market getting ahead of itself after signs of cooling inflation?

Horizon Investments November 11, 2022

We are seeing moves in market leaders

Horizon Investments November 10, 2022

Fed’s inflation tools are taking time to work

Horizon Investments November 9, 2022

3Q Earnings: Looking Under the Hood for Opportunities

Horizon Investments November 2, 2022

Market Moves From Inflation Fears To Recession Fears

Horizon Investments November 1, 2022

Wall Street Journal quotes Ron Saba regarding interest rate squeeze

Horizon Investments November 1, 2022

Homebuyers Impacted by Inflation, Prices, and Rates

Horizon Investments October 28, 2022

Zach Hill, CFA®, joined CNBC to discuss earnings expectations

Horizon Investments October 26, 2022

CIO Scott Ladner on Fox Business: the economy and expectations for 2023

Horizon Investments October 26, 2022

Negative Demand Shock is on the Horizon

Horizon Investments October 25, 2022

CIO Scott Ladner weighs in on Tech buys with Liz Claman

Horizon Investments October 21, 2022

Interest Rates are Driving Equity Volatility

Horizon Investments October 21, 2022

Some—Gasp!—Good News About Inflation

Horizon Investments October 19, 2022

The FED means business about knocking out inflation

Horizon Investments October 15, 2022

2022 Q3 – Strategies in Review

Horizon Investments October 13, 2022

2022 Q3 Focus Webcast

Horizon Investments October 12, 2022

Zach Hill on Yahoo! Finance

Horizon Investments October 5, 2022

CIO Scott Ladner on BNN Bloomberg

Horizon Investments October 4, 2022

CIO Scott Ladner Talks Fed Policy with CNBC

Horizon Investments September 29, 2022

What Rises Typically Converges

Horizon Investments September 28, 2022

CIO Scott Ladner joins Maria Bartiromo on Fox News Media

Horizon Investments September 27, 2022

For Inflation and Interest Rates, We Expect “Higher For Longer”

Horizon Investments September 20, 2022

Zach Hill, CFA® gives insights after CPI Reading on Reuters TV

Horizon Investments September 13, 2022

Europe Hits the Brakes

Horizon Investments September 12, 2022

Markets need to see at least three months of improvement in CPI prints

Horizon Investments September 12, 2022

Fast Take: Market Update

Zachary Hill, CFA® September 8, 2022

Stocks Close Lower to Start Trading Week

Horizon Investments September 6, 2022

Here’s what investors expect the August jobs report to say

Horizon Investments September 2, 2022

Stock Market Moving From Inflation to Recession Fears

Horizon Investments September 1, 2022

Demand for new homes is down – what does that mean for investors?

Horizon Investments August 31, 2022

What Constitutes a Recession?

Horizon August 24, 2022

A Tale of Two Markets

Horizon Investments August 22, 2022

Does This Rally Have Legs?

Horizon Investments August 17, 2022

Wild Swings In Short-Term Treasury Yields = A Wild Ride For Stocks

Horizon Investments August 10, 2022

What Are Bond Yields Telling Us Today?

Horizon Investments August 3, 2022

Strong Dollar Creates Earnings Headwinds for U.S. Multinationals

Horizon Investments July 25, 2022

Scott Ladner joins Worldwide Exchange

Horizon Investments July 25, 2022

Tug of War | Inflation vs Growth

Horizon Investments July 25, 2022

2022 Q2 – Strategies in Review

Horizon Investments July 25, 2022

Sky-High Earnings Expectations Need to Fall

Horizon Investments July 12, 2022

Stocks Rack Up Rare Back-to-Back Losses

Horizon Investments July 6, 2022

Keep Calm and Carry On

Horizon Investments June 28, 2022

Zach Hill, CFA, joined Yahoo Finance Live to discuss recession possibilities

Horizon Investments June 23, 2022

Mortgage Payments Are Through the Roof

Horizon Investments June 22, 2022

Zach Hill, CFA®, shared his thoughts on the market with Reuters

Horizon Investments June 15, 2022

CIO Scott Ladner discussed inflation on ‘Word on Wall Street’

Horizon Investments June 13, 2022

Déjà Vu All Over Again

Horizon Investments June 7, 2022

Stocks Soar—But Is Relief Really On The Way?

Horizon Investments June 1, 2022

CIO Scott Ladner on Bloomberg Quicktake

Horizon Investments May 25, 2022

Are You Capturing the Opportunities in Stocks Today?

Horizon Investments May 25, 2022

Horizon Investments Mid-Quarter Update

Horizon Investments May 24, 2022

Inflationary pressure and market sell-off

Horizon Investments May 23, 2022

CIO Scott Ladner joined Liz Claman to share his thoughts on sectors, geopolitical risk, and the Fed

Horizon Investments May 12, 2022

Nowhere to Hide for Traditional Balanced Investors

Horizon Investments May 12, 2022

Scott Ladner talks macroeconomics and a global view on markets with Ausbiz.

Horizon Investments May 11, 2022

Equity rallies are likely on borrowed time as Fed messaging becomes more hawkish once again

Horizon Investments May 11, 2022

Stocks fell hard following the FOMC meeting announcement

Horizon Investments May 11, 2022

Horizon’s Zach Hill weighs in and is quoted in this Reuters story.

Horizon Investments May 11, 2022

Scott sheds light on the micro vs macro market drivers.

Horizon Investments May 11, 2022

Scott Ladner joins Kristina Hooper after the closing bell on Yahoo Finance

Horizon Investments May 10, 2022

There’s something strange happening with energy ETFs.

Horizon Investments May 10, 2022

Tech Giants Lost $1 Trillion in Value As Sell-Off Continues

Horizon Investments May 10, 2022

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The Claman Countdown: Big Tech and Investing Advice

Scott Ladner

Chief Investment Officer Scott Ladner joins Fox Business ‘The Claman Countdown’ to provide investing advice. Watch Video This is not investment advice or a recommendation

CIO Scott Ladner on Fox Business: the economy and expectations for 2023

Horizon Investments

CIO Scott Ladner joined Maria Bartiromo on Fox Business to discuss the impact of inflation on earnings and his thoughts on the economy and a

CIO Scott Ladner weighs in on Tech buys with Liz Claman

Horizon Investments

Horizon Investments CIO Scott Ladner explains the lull in chip demand and why now is the time to invest in tech stocks on ‘The Claman

CIO Scott Ladner joins Maria Bartiromo on Fox News Media

Horizon Investments

CIO Scott Ladner argues housing leads the economy and will cause a market ‘softening’ as he joins Maria Bartiromo on Fox News Media

CIO Scott Ladner joined Liz Claman to share his thoughts on sectors, geopolitical risk, and the Fed

Horizon Investments

CIO Scott Ladner joined Liz Claman to discuss this week’s market sell-off and share his thoughts on sectors, geopolitical risk, and the Fed.