Blog | Dunham

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...

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...

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.

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

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.

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.

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.

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.

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...

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.

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...