Market Commentary

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Market Commentary

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Equity Diversification in an Era of Concentration

Tech and AI are driving a greater share of global equity market returns and earnings growth, raising concentration risks and the need for broader diversification.

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On Investing

Why Good Economic News Isn't Always Good for Markets

What happens when a strong economy becomes a challenge for markets? Collin Martin and Kevin Gordon unpack the outlook for stocks and bonds amid higher yields.

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Market Outlook

The Way You Make Me Feel: Sentiment's Message

Investors remain cautious despite bullish positioning, as rotations curb speculation while record margin debt and high equity allocations raise longer-term risks.

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?

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.

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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.