Source ChampC I read an article that bonds are having a “good year” as the AGG index is up 7% year to date (as of Nov. 11, 2025). That’s great, but the reality is investors lost nearly 50% of that to inflation, according to government statistics ( CPI Report ). And if you incorporate “real world inflation,” I estimate that investors could have lost significantly more of their total return to inflation. Investors, we have argued for the past 5+ years, should own tangible asset

Source: Wix Media In a recent report, J.P. Morgan (click here ) made headlines by highlighting what it calls the “debasement trade.”  The...

The chart from Goldman Sachs highlights how speculative behavior surged in U.S. equities in Q2 2025 following the “Liberation Day” market...

Written by John Davi I just got back from Sicily, where my family, my brother’s family, and my parents visited Torretta , the town where...

2025 is proving to be the year that vindicates disciplined, diversified, and contrarian investing. A multi-asset 60/40 portfolio that...

When the Fed increased the M2 money supply by over 40% during the COVID crisis, our instinct was that the implications would extend far...

Where Are We in the Cycle? How Is Astoria Positioned? Are We Overweight or Underweight Risk Assets? These are among the most frequently...

A recent Wall Street Journal piece highlights a major trend in wealth management: over 80% of fee-based advisors are now utilizing model...

There’s nothing I’d rather do to celebrate my 47th birthday than write about the yield curve. 🙂   Twenty-five years ago, when I began my...

The fiscal outlook continues to deteriorate, and we believe the implications for both fixed income and broader asset allocation are...

We believe the current environment reflects more than a temporary growth scare; rather, markets appear to be increasingly pricing in the risk

We believe the current environment reflects more than a temporary growth scare; rather, markets appear to be increasingly pricing in the ris

Image from Vecteezy The most important point we wanted to communicate is that tariffs were a known unknown . The S&P fell 40% at one...

Astoria Portfolio Advisors announced today that its assets under management and advisement surpassed $2 billion as of January 2025....

Astoria Portfolio Advisors announces that Bruce Lavine has joined as Head of ETFs and Chief Operating Officer. Mr. Lavine has over 30...

The probability of a 50bps rate cut has steadily increased over the past week (it is 63% as of today). The Fed has only cut 50bps in a...

Where are we? Powell’s presser not acknowledging a potential for a 50bps cut + BOJ surprise hike + poor ISM + Poor NFP + liquidity in...

As you probably know, Astoria has been vocal about diversifying away from market cap-weighted indices for many years now.  We have...

As we have seen, there has been a sizable rotation out of growth and into value-centric assets since Thursday, July 11. Our thoughts: The...

Don’t get myopic and lose sight of the big picture.  We had a 10-year period where investor portfolios were dominated by mega-cap, US...