[I am happy to post this follow-up essay from Professor Rob Natelson]. My July 12 entry provided links to Founding-era sources showing that the Constitution's category of "direct taxes" included ...

Direct indexing’s popularity has soared, with assets invested in direct indexes exceeding $260 billion at the end of 2022. This approach, which involves investing in the individual securities ...

The S&P 500's performance can diverge from that of its constituent stocks; even in years when the index rises, some individual stocks may decline. Direct indexing takes advantage of this by isolating ...