Market Commentary
Get our experts' perspective on recent market trends and what they could mean for your investment portfolio.
The latest commentary
Company Earnings
Q4 Tech Earnings Preview
Info tech earnings continue with Nvidia and Alphabet on deck. Surging memory stocks, beleaguered software industry in focus as investors probe for signs of an AI inflection point.
Markets and Economy
Stocks Lifted by Meta, Tesla
After Meta and Tesla impressed and Microsoft disappointed, stocks rose slightly this morning as investors mulled the Fed's rate pause and upbeat outlook while awaiting Apple later.
Markets and Economy
Fed Holds Steady on Rates
The federal funds rate will remain 3.5% to 3.75%. While the market still expects two rate cuts late this year, the Fed is likely to tread cautiously given the economic backdrop.
A Week of Whiplash
Kathy Jones and Liz Ann Sonders discuss market volatility, tariffs, Greenland, Japanese bond yields, and some momentum toward precious metals.
Bonds
Municipal Bond Risks in 2026
While our outlook for the municipal bond market in 2026 is positive overall, we have identified five risks that we believe should be on investors' radar.
Market Volatility
Stocks Sink on Trade Tensions
U.S. stocks face broad sell-off and Treasurys plunge with investors rattled by tariff threats amid President Trump's push to acquire Greenland.
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.
A Week of Whiplash
Kathy Jones and Liz Ann Sonders discuss market volatility, tariffs, Greenland, Japanese bond yields, and some momentum toward precious metals.
Markets and Economy
Year-End Targets
Year-end S&P 500 price targets implicitly assume continuity and fail to recognize volatility and macro forces that affect markets throughout any given year.
The Latest Threat to Fed Independence
With continuing pressure on Fed independence and mixed signals from the economy, how will the markets react?
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
Fed Holds Steady on Rates
The federal funds rate will remain 3.5% to 3.75%. While the market still expects two rate cuts late this year, the Fed is likely to tread cautiously given the economic backdrop.
A Week of Whiplash
Kathy Jones and Liz Ann Sonders discuss market volatility, tariffs, Greenland, Japanese bond yields, and some momentum toward precious metals.
Bonds
Municipal Bond Risks in 2026
While our outlook for the municipal bond market in 2026 is positive overall, we have identified five risks that we believe should be on investors' radar.
The Latest Threat to Fed Independence
With continuing pressure on Fed independence and mixed signals from the economy, how will the markets react?
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.
