Market Commentary

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What Can Drive Bitcoin's Price?

Macroeconomic factors as well as crypto-specific themes can affect cryptocurrency performance. Here are some of the drivers that can affect prices.

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Fed Holds Rates Steady, Hints at Improved Economy

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.

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On Investing

A Week of Whiplash: What’s Behind the Market’s Mood Swings?

Kathy Jones and Liz Ann Sonders discuss market volatility, tariffs, Greenland, Japanese bond yields, and some momentum toward precious metals.

Bond Insights

What Are 5 Key Risks to the Muni Market 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.

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Market Outlook

Time of the Season … For 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.

Where Might Value Accrue in the Crypto Market?

Understanding fundamental drivers can help investors evaluate different cryptocurrency protocols.

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On Investing

The Latest Threat to Fed Independence

With continuing pressure on Fed independence and mixed signals from the economy, how will the markets react?

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Bond Insights

The Bond Market in 2026: What Could Go Wrong?

We expect another generally good year for bond returns this year, but even the best-laid plans can go awry when circumstances change. Here are four risks to our outlook.

Emerging Markets: AI Opportunity and AI Risk

Technology has become a major driver of emerging-market stock performance.