Investors may revisit international exposure in their portfolios amidst reduced market reactions to tariff announcements, uncertain U.S. policy and lagging U.S. stock performance.
The bill contains several tax-code changes that could affect municipal bonds, although we don't think it reduces the appeal of munis for high-income earners.
Bouts of volatility may continue in the second half of 2025 as bond market investors navigate evolving tariff policy, U.S. government debt, and economic uncertainty.
Trump's tariffs now face a legal battle. Tariffs may be less arbitrary and reduced in severity or duration, but the next steps are complicated and likely to extend uncertainty.
There is still a wide divergence between hard and soft data, and a recovery in the latter is likely to be weak absent a meaningful reduction in policy uncertainty.
Longtime market technician Helene Meisler joins Liz Ann Sonders to explore market trends, sentiment, and volatility, offering insights on the evolving investing landscape.
Find Market Commentary content
Mid-Year Outlook: International Stocks and Economy
How Will Tariffs & Debt Affect the Economy?
Will the "Big Beautiful" Tax Bill Affect Munis?
Fixed Income Outlook: Cool and Cloudy
Why Does Sentiment Not Match Hard Data?
Are Tariffs Over? Court Ruling Isn't the End
No Hard Feelings: Soft vs. Hard Divide Persists
Navigating the 'Funky' Market Environment (With Helene Meisler)
Understanding Mortgage-Backed Securities Investing