Revisiting the Retirement Blueprint: Goldman Sachs’ GPIX & GPIQ

Retirement in today’s economic landscape presents a moving target. Individuals face persistent living costs, global macroeconomic shifts, and fluctuating interest rate environments that complicate traditional fixed-income assumptions. For a long time, retirees relied on a simple formula: Pair equities for growth with a core allocation of high-grade bonds and cash equivalents to fund day-to-day living […]

Constellation Lands $5 Billion DOE Loan as Nuclear Uprates Accelerate

The U.S. Department of Energy (DOE) has offered Constellation Energy (CEG) a conditional loan agreement of up to $5 billion to finance uprates at eight nuclear reactors across multiple states. The conditional loan supports capital projects aimed at adding clean capacity without building new plants. Federal financing paired with long-term commercial power purchase agreements gives […]

Uranium Enrichment Finds its Own Renaissance

Before operators can use uranium as reactor fuel, workers must enrich it. Currently, U.S. utilities, the owners and operators of the commercial reactor fleet, buy about 75% of their enrichment services from foreign countries. With national energy security coming into focus in light of ongoing global conflicts, the enrichment industry is having a renaissance of its […]

Rethinking Benchmarks: Market Concentration & Discount Rates

To borrow from an ancient proverb, the world of passive indexing is living in interesting times. Historically, broad market benchmarks like the S&P 500 were assumed to offer comprehensive, self-correcting exposure to U.S. stocks. However, when a tiny cohort of megacap technology names comprises an outsized portion of market performance and earnings growth, the fundamental […]