Market Commentary
Timely takes on markets and the economy.
Market Commentary content
Market Commentary
In the face of persistent macro headwinds, earnings growth continues to deteriorate, putting the fundamental backdrop for the market at risk.
Market Commentary
Though the Fed is close to the end of its rate-hiking cycle, additional increases in the fed funds rate are still likely, albeit less aggressive in magnitude.
Market Commentary
The United States hit the debt ceiling on January 19th, launching what could be the most consequential policy debate of 2023 for the markets. Although the crisis is still likely five to six months away, concern about when and whether a deeply divided Congress will be able to find a path to raising the debt ceiling will be a critical issue for investors to monitor.
Market Commentary
Volatility waves and changing-news tides elicit short-term market moves; economic currents tend to affect longer-term market shifts which may now favor international stocks.
Market Commentary
There was something for everyone—even those supportive of an economic soft landing—in December’s jobs report, but recessionary signals have not subsided.
Market Commentary
Over the past 70 years, rising government debt generally has been accompanied by weaker economic activity. But it’s not a simple relationship.
Market Commentary
We expect economic growth and market performance to improve in 2023 compared with 2022. But things may get worse before they get better.
Market Commentary
Markets may continue to see volatility in 2023 as they navigate between global economic growth and inflation fears with central banks' decreasing rate hikes and China's reopening.
Market Commentary
Weaker economic trends will likely form heading into 2023 as the Fed battles inflation, but a (hopefully) mild recession may help set stocks up for a better second half of the year.