Last week, investors took a closer look at the AI spending boom and decided they needed better answers than “trust me, it’ll pay off.” Was it Jane Wickline’s wicked turn as Anthropic’s Dario Amodei on SNL Weekend Update? (“I urge you to urge me to stop.”) Who can say. What we do know is that investors spent the next week questioning the gap between AI’s long-term promise and its near-term price tag.

To evaluate is human; to document the process, divine.

Last week, America eased into October as Wall Street eased into earnings season. Both tend to start on an optimistic note; what happens after that depends on whether reality decides to cooperate.

Last week, America considered cutting back, then remembered pumpkin spice is only available for a limited time. Economic uncertainty, on the other hand, seems willing to work around your schedule. The latest reports showed consumers spending more money while feeling worse about the outlook, which makes sense if you’ve ever decided to start budgeting immediately after one small purchase.

Last week, America approached self-restraint the way Joey Chestnut approaches a hot dog. Unfortunately, the Federal Reserve was one of the judges. Stronger-than-expected retail sales, low jobless claims, and a renewed uptick in import prices reinforced the case for the Fed’s 25-basis-point rate increase, even as manufacturing activity softened.

Market declines can be unsettling, but not every uncomfortable moment calls for action.

Voya’s 529 plans provide tax advantages, diverse investment options, and adaptive strategies to help families maximize their college savings.

As the market broadens beyond the AI trade, shifting Fed signals and lofty earnings expectations demand more active judgment.

Growth now takes far more investment than it used to. Trade is reorganizing, energy risks are rising, and inflation lingers.

The retirement income conversation belongs in your DC practice. Lead it before someone else does.