SCHD: Calling Arthur Burns

  • Schwab U.S. Dividend Equity ETF\u2122 underperforms short term, but remains a top long-term income vehicle amid rising rate cut expectations. Fed pressure parallels 1970s history; Powell may be replaced by a more dovish, rate-cutting Chair in 2026. Dividend ETFs like SCHD offer better tax-adjusted yields than cash equivalents in taxable brokerage accounts.