Market Commentary

Timely takes on markets and the economy.

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Bond Insights

Buying a Muni Below Par? Reasons to Think Twice

Discounted municipal bonds could expose you to unexpected taxes. Here's what to know before you buy.

WashingtonWise Congress Heads Out, but Washington Keeps Working Ep. 144
Washington Wise

Congress Heads Out, but Washington Keeps Working

There is plenty of activity in Washington that can move the markets, even with Congress in recess. So what should you be watching?

Divided Fed Leaves Interest Rates Unchanged

In a 9-3 vote, the Fed policy committee chose patience in the face of elevated inflationary pressures, but the dissenting votes raise pressure for a rate hike in September.

photo of a circuit board

Why Bitcoin's Attack Costs Matter for Valuation

Bitcoin's valuation may be supported by the high estimated cost, complexity, and uncertainty of a 51% attack relative to potential attacker rewards.

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On Investing

AI Concentration & the Case for Rebalancing

As AI reshapes markets, Liz Ann and Collin explore portfolio rebalancing, bond investing opportunities, and what to watch from the Fed.

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Bond Insights

When to Consider Out-of-State Munis

Although investing in in-state municipal bonds may have tax advantages, there can be good reasons to buy out-of-state munis.

Onward Archive

What's in the Fed's Toolbox?

What the Fed's monetary-policy tools signal about the market.

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On Investing

A Sigh of Relief on Inflation

A cooler CPI report brought welcome news for investors, but persistent inflation pressures and higher oil prices continue to complicate the Fed's outlook.

Market Outlook

Schwab Market Perspective

Our point of view on recent market and economic activity.