Market Commentary

Timely takes on markets and the economy.

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On Investing

The Fed Holds, but the Pressure Builds

Liz Ann Sonders and Collin Martin unpack the Fed's rate hold and explore how higher borrowing costs are creating pockets of market stress.

Sector Views

Sector Views: Monthly Stock Sector Outlook

Our outlook on the 11 S&P 500 equity sectors.

Factor Investing: Looking Beneath the Market

Equity factor analysis can help explain market leadership, reveal portfolio concentrations, and compare strategies, but note that factor definitions and performance vary.

An image of the Federal Reserve building.

Divided Fed Chooses Patience, Leaves Rates Unchanged

The Federal Reserve decided to wait for more data rather than raise rates at its October meeting. Two policymakers dissented, favoring a rate hike of a quarter percentage point.

Image of stacked, multi-colored wood blocks.

Jevons Paradox and the Economics of Crypto Tokens

Jevons Paradox helps explain how lower blockchain costs may boost adoption—and why token value depends on usage growth outpacing supply.

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Washington Watch

Washington: What to Watch Now

A look at the latest developments in Washington, including what to watch in the midterms, Social Security's cost-of-living adjustment, and companies saying no to tokenized shares.

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On Investing

Can Bonds Still Do Their Job?

Rising yields, inflation, AI spending, and earnings put markets to the test as investors increasingly focus on quality and profitability.

WashingtonWise Skip the Midterm Noise—Think Like the Markets Ep. 148
Washington Wise

Skip the Midterm Noise—Think Like the Markets

Markets may be unfazed by midterm results, but a new Congress will bring changes and lots of headlines. So what should investors be watching?

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Bond Insights

What Do Higher Yields Mean for Retirement Income?

Higher bond yields may offer retirees more income potential, but a diversified approach that balances income, risk, and spending needs remains important.