News and Events

Supreme Knight Patrick Kelly delivered his annual report during the 144th Supreme Convention during the Opening Business Session.

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By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER July was an interesting month for financial markets with plenty of action to keep investors on their toes, not the least of which was the U.S. administration’s flip-flopping on their posture towards Iran. The on-again-off-again “pe...

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Supreme Knight Patrick Kelly recognizes outstanding Knights, councils, and announces International Program Awards

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  By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER As we cross the midway point, 2026 is shaping up to be a bang-up year for stocks, including Real Estate, which was the second-best performing equity asset after Small Caps[1]. Other risk assets have posted mixed returns, with Bitcoin...

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  By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER May 13th marked one of the most consequential leadership transitions in Federal Reserve history. Kevin Warsh was confirmed as Fed Chair by the narrowest margin and took the helm on May 22nd. Despite a history of leaning “h...

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  By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER In April, the US military operation against Iran took a strategic turn as the Trump administration pivoted from intense bombing of the Iranian interior to the imposition of a naval blockade against ships transiting Iranian ports foll...

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  By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER While many in the US spent a good deal of last month watching the annual NCAA “March Madness” basketball tournament and agonizing over their brackets, those of us knee deep in the investment world were far more focused on...

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l By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER The old saying “in like a lion, out like a lamb” to describe March certainly applies this year. The March 1st joint US/Israeli strike on Iran kickstarted a ferocious air/sea battle in the middle east. It seems far too e...

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  By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER AI continued to be a hot topic in January and its impact on economic and market activity is pervasive. But the real story is the crazy action in precious metals. With two trading days left in January gold was up more than 25% from th...

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  By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER The past year was eventful, to say the least. Before turning the page to 2026 it is worth reflecting on a few key events and themes that drove narratives and impacted markets in 2025. Inauguration day, what with DOGE and a flur...

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