Market Commentary

Timely takes on markets and the economy.

Market Commentary

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The Fed’s Balance Sheet Takes Center Stage (With David Beckworth)

David Beckworth and Kathy Jones discuss the evolution of the Fed’s balance sheet and the future of digital currencies.

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Bond Insights

Muni Bonds: Where Are the Potential Opportunities?

Municipal bonds offer tax-adjusted yields, generally high credit quality, and other advantages that may make them attractive investments.

Market Outlook

Better Days (for Earnings)

Still-healthy demand and disciplined cost control are central themes for earnings, which continue to suggest a mostly resilient economy in light of government data darkness.

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On Investing

What’s Causing Jitters in the Credit Markets?

Kathy Jones and Collin Martin discuss why some high-profile failures and defaults have sent jitters through the credit markets.

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Bond Insights

High-Yield Defaults: Canary in the Coal Mine?

Bankruptcies by high-yield issuers have made headlines recently, but defaults have grown more common in recent years.

Is It a Good Time to Consider Japanese Stocks?

Earnings growth and attractive valuations for Japanese companies, reforms to corporate governance, and other shifts in the Japanese economy may create opportunities for investors.

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On Investing

The Role of the Fed in a Shifting Economy (With Pat Harker)

Patrick Harker, former President of the Federal Reserve Bank of Philadelphia, joins the show to discuss monetary policy, inflation expectations, and more.

Alternative Candidate(s) for Data During Shutdown

With official data halted by the U.S. government shutdown, investors turn to private and high-frequency indicators to track jobs, spending, and growth in real time.

Tariff Threats, Layoffs Spark Sharp Pullback

Markets posted their worst loss since April as President Trump threatened China with "massive" tariffs and the federal government began layoffs amid a continued shutdown.