Market Commentary

Timely takes on markets and the economy.

Market Commentary content

Market Outlook

Despite high volatility in the bond market during the first half of the year, what's surprising is how much didn't change.
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Market Outlook

The drama characterizing the first half of 2023 may abate, with potentially milder returns for investors due to effects from the Cardboard Box Recession.
Washington Watch

The measure ends weeks of negotiation and unease about a potentially catastrophic government default.
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Market Commentary

Although few nations have a debt ceiling similar to the U.S.', rising government debt levels are a widespread global risk that may lead to lower economic output and weaker growth.
Bond Insights

Banks and financial institutions are big issuers of preferred securities, so the recent banking industry volatility has had an impact. Our guidance on preferreds is unchanged, but with some caveats.
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Market Commentary

Analysis shows an extraordinary range of outcomes since the S&P 500's inception in 1928.
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Market Commentary

As the credit market grows more stringent, investors should consider high-quality, longer-term bonds. Here are some fixed income strategies.

Bond Insights

The central bank likely won't have enough reason to hike rates again this cycle. In fact, we wouldn't be surprised to see one or two rate cuts later this year.
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Market Commentary

Shifts in the labor market due to monetary policy tightening would see lagged effects that may not aid central banks' efforts to materially affect core inflation by year's end.

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