Market Commentary
Get our experts' perspective on recent market trends and what they could mean for your investment portfolio.
The latest commentary
Markets and Economy
Bonds: What Could Go Wrong?
We expect another generally good year for bond returns this year, but even the best-laid plans can go awry when circumstances change. Here are four risks to our outlook.
Markets and Economy
Stocks Down as Tech Slides
Tech shares mainly fell early today, putting pressure on indexes despite solid retail sales data and mostly positive bank earnings. A Supreme Court tariff ruling may come today.
Government Policy
Washington: What to Watch Now
The Justice Department allegedly began an unprecedented criminal investigation of the Federal Reserve chair.
International
EM: AI Opportunity and AI Risk
Technology has become a major driver of emerging-market stock performance.
Markets and Economy
2025 Review With Note on Venezuela
The capture of Venezuelan President Maduro has been digested well by global markets, which is in keeping with 2025’s theme of massive volatility and solid index-level returns.
US stocks and economy
Our perspective on what's driving U.S. equity markets
Markets and Economy
Market Snapshot
Liz Ann Sonders shares her perspective on the U.S. stock market and economy in this monthly Market Snapshot video.
The Markets React to Venezuela
Liz Ann Sonders and Kathy Jones discuss the market reactions to the news out of Venezuela and analyze the latest economic indicators.
Markets and Economy
2025 Review With Note on Venezuela
The capture of Venezuelan President Maduro has been digested well by global markets, which is in keeping with 2025’s theme of massive volatility and solid index-level returns.
Closing Thoughts on 2025
At the end of 2025, Liz Ann Sonders and Kathy Jones assess the resiliency of the economy.
International stocks and economy
Our take on crosscurrents affecting international equities
International
EM: AI Opportunity and AI Risk
Technology has become a major driver of emerging-market stock performance.
Markets and Economy
Perspective: 2026 Outlook
Investors are navigating not just uncertainty, but an unstable environment influenced by tariffs and inflation, among other factors. While volatility may increase, there is likely room for another solid year in 2026, especially for fixed income and international stocks.
International
2026 International Outlook
International stocks could be poised for another strong year in 2026 due to accelerating global growth, attractive valuations and the potential for dollar weakness.
International
German Stimulus: What's Next?
German officials announced a massive stimulus program in early 2025. The results have been underwhelming so far, but we believe the economic boost to Germany and Europe is still coming.
Fixed income
Insights on the latest developments in fixed income and currency markets
Markets and Economy
Bonds: What Could Go Wrong?
We expect another generally good year for bond returns this year, but even the best-laid plans can go awry when circumstances change. Here are four risks to our outlook.
The Markets React to Venezuela
Liz Ann Sonders and Kathy Jones discuss the market reactions to the news out of Venezuela and analyze the latest economic indicators.
Closing Thoughts on 2025
At the end of 2025, Liz Ann Sonders and Kathy Jones assess the resiliency of the economy.
2026 Market Outlook
As we approach 2026, what can investors expect from the equities market, fixed income, and the overall US economy in the new year?
Government affairs
Our take on policy decisions that may affect markets and investments
Investors Eyeing Big Issues
As the government reopens, investors are watching for the Fed to make rate decisions, Congress to avoid another shutdown, and the Supreme Court to rule on the legality of tariffs.
