Perspectives Based on Knowledge

Guidance Forged by Experience

Moran Monthly Digest: 2026 Mid-Year Outlook

At the 2026 midpoint, U.S. stocks hit record highs on a remarkably narrow rally. Tom Moran on concentration risk, the bubble debate, and staying diversified.
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Moran Monthly Digest: May 2026

April’s inflation report didn’t just run hot — according to the Cleveland Fed, every underlying measure moved the wrong way at once. Headline, core, shelter,
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Moran Monthly Digest: Apr. 2026

Record highs invite a question: is the market too expensive? Our April commentary explores why it may be an expensive top, not a broadly expensive
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Moran Monthly Digest: Mar. 2026

March 2026 message and insights from our founder, Tom Moran.
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Moran Monthly Digest: Feb. 2026

February 2026 message and insights from our founder, Tom Moran.
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Moran Monthly Digest: Jan. 2026

January 2026 message and insights from our founder, Tom Moran.
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Moran Monthly Digest: Dec. 2025

December 2025 message and insights from our founder, Tom Moran.
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Moran Monthly Digest: Nov. 2025

November 2025 message and insights from our founder, Tom Moran.
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Moran Monthly Digest: Oct. 2025

October 2025 message and insights from our founder, Tom Moran.
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