Passive investing isn't as passive as it sounds. Using the SpaceX IPO as a case study, Joe and Andrew reveal how index rules shape what you own, from which companies make the cut to how heavily they're weighted. Before you buy the market, it pays to know how that market was built.

In episode two of Balanced PM, hosts Joe Dunn and Andrew Almeida unpack why today's investing environment feels so fragile, with inflation easing but still above target, labor markets resilient yet showing cracks, weak consumer sentiment, and geopolitical risks that markets have largely ignored.

In the debut episode of Balanced PM, hosts Joe Dunn and Andrew Almeida explore stagflation: what it is, why it's so challenging, and what today's warning signs may mean for advisors.

They break down the history of stagflation in the U.S., current inflation and growth concerns, labor market signals, energy shocks, AI's potential impact, and the portfolio risks advisors should keep an eye on.