Blog

Read our latest thoughts on Estate Planning, Trust Services and Mutual Funds.

Macro 1/23/2026

Europe’s $10 Trillion Gamble, Japan’s Bond Market Shock, and AI’s Credit Warning

Europe’s $10 trillion gamble of dumping U.S. assets, Japan’s bond market liquidity shock, and widening AI hyperscaler credit spreads. READ MORE

Quarterly Pulse 1/20/2026

The Q4 2025 Dunham Quarterly Pulse: Trends, Risks & Strategies

This post was authored by Adem Tumerkan, Dunham's Content Editor. If you have questions concerning today's topic, please call us at (858) 96... READ MORE

Macro 1/16/2026

Hold On: Is The U.S. Economy Actually At Risk of Overheating? Let’s Talk About It

Weak data doesn’t always mean safety—here’s why money supply growth, a productivity boom, and the wealth effect could push the U.S. economy toward ... READ MORE

News 1/13/2026

What’s New at Dunham in 2026: Building Momentum for Financial Advisors

See how Dunham is expanding advisor support in 2026—from a $7B milestone and new brand identity to trust education, digital asset solutions, and in... READ MORE

Dunham Deep Dive 1/9/2026

Fed Liquidity Is Back, the Private Sector Is Deleveraging (Kind Of), and Wages Are Falling Behind

QE-lite is back as Fed bond buying ramps up, the private sector keeps deleveraging, and the gap between productivity and wages continues to widen a... READ MORE

Education 1/6/2026

The Kelly Criterion Explained: How to Size Investment Positions Without Blowing Up (Hopefully)

Learn how the Kelly Criterion helps investors and financial advisors size risk, manage volatility, and avoid costly position-sizing mistakes. READ MORE

Dunham Deep Dive 1/2/2026

Banks Are Lending Again, Canada’s Market Is Soaring, and Fertility Rates Keep Sinking

Banks are lending aggressively again, Canada’s stock market surged despite economic stress, and falling fertility rates pressure growth and inflation READ MORE

Financial Planning 12/30/2025

ABLE Account Changes in 2026: New Age Limits, Rules, and Planning Strategies

Major ABLE account changes take effect in 2026. Learn how new age limits, contribution rules, and tax benefits impact SSI, Medicaid, and planning. READ MORE

Macro 12/26/2025

Morning Pour Year in Review: The Five Macro Themes That Mattered Most

A Morning Pour year-end review revisiting five widely read macro ideas from 2025—what held up, what didn’t, and what may matter in 2026. READ MORE

Education 12/23/2025

Prices Are Set at the Margin: Why Small Trades Move Big Markets

Market prices are set by marginal buyers and sellers, not consensus - explaining sudden volatility, liquidity shocks, and rapid repricing. READ MORE

Macro 12/19/2025

Private Credit Is Everywhere Now - and the Risks Are Coming Out of the “Shadows”

Private credit has exploded since 2008, fueling shadow banking and new risks as leverage, opaque valuations, and bank exposure keep building. READ MORE

Behavioral Finance 12/16/2025

The Keynesian Beauty Contest: How Crowd Psychology Moves Markets

How the Keynesian Beauty Contest explains market swings, investor behavior, and why understanding crowd psychology matters more than ever for advis... READ MORE

Dunham Deep Dive 12/12/2025

Real Rates Still Bite, China’s $1T Surplus Grows, and Governments Risk a Short-Term Debt Trap

Real rates are still too tight, China’s $1T surplus floods global markets, and governments face rising rollover risks as short-term debt piles up. READ MORE

Crypto 12/10/2025

Understanding Cryptocurrency Value: Why Bitcoin, Ethereum, and Solana Function as Financial Infrastructure - Not Just “Digital Coins”

Why Bitcoin, Ethereum, and Solana may function as digital financial infrastructure rather than simple ‘coins,’ and how their networks derive potent... READ MORE

Dunham Deep Dive 12/5/2025

AI’s Power Crunch, China’s Data Blackout, and Japan’s $135B Stimulus Gamble

AI is pushing electricity prices up, China is pulling housing data offline, and Japan’s stimulus raises market risks. READ MORE

Crypto 12/2/2025

Crypto Tax Loss Harvesting: How the Wash Sale Exception Works

Crypto tax loss harvesting remains a major 2025 opportunity as the wash sale rule doesn’t apply to digital assets. Here’s how advisors can use it. READ MORE

Dunham Deep Dive 11/28/2025

Real Retail Sales Stagnate, Turkey Supplies Tighten, and the Middle Class Gets Squeezed

Real retail sales are stagnating, turkey supplies are tightening, and the middle class is being squeezed—revealing deeper stresses in the U.S. econ... READ MORE

Retirement 11/25/2025

The Student Loan Trap That’s Stealing Retirement: Why Debt Is Following Americans Into Their Golden Years

Student loan debt is soaring among older Americans, with 60+ borrowers owing $147B. Learn why loans now follow people into retirement and how to ma... READ MORE

Dunham Deep Dive 11/21/2025

AI’s Depreciation Trap, Extreme Fear on Wall Street, and the Great Housing Cool-Down

AI’s depreciation trap, extreme market fear as liquidity shifts, and a broad U.S. housing slowdown as prices and affordability fall. READ MORE

Trust 11/18/2025

How First and Third-Party Special Needs Trusts Protect Benefits and Families

Discover how first- and third-party special needs trusts safeguard government benefits while improving quality of life. Learn the key differences, ... READ MORE