Market Commentary

Timely takes on markets and the economy.

Market Commentary content

Bond Insights

Corporate defaults and bankruptcies are on the rise, but we don't believe it should be a concern for investors who hold highly rated corporate bond investments, like those with investment-grade ratings.
Market Commentary

Monetary tightening still continues in the form of quantitative tightening, bringing potential volatility, earnings pressures, and lackluster performance to stock markets.
Market Commentary

Is the Federal Reserve finished? There are economic signs to support and to oppose the proposition that the Fed's rate-hike cycle has done its job—slowing the economy enough to cool inflation—and can be ended.
Market Commentary

A return to the Great Moderation Era looks unlikely, which might lead to an increasingly volatile—and somewhat unfamiliar—inflationary, economic, and geopolitical landscape.
Market Commentary

Changes in sentiment may drive the performance of the eurozone equity markets, even with disappointing economic data.
Bond Insights

We expect yields to fall later this year and into 2024 as inflation continues to cool.
Market Commentary

The August jobs report confirms the labor market's continued slowdown, which is for now consistent with the Fed's soft-landing desires—but not without warning signs.
Bond Insights

Although high-yield bonds have performed well so far this year, we continue to take a cautious view.
Market Commentary

China's economy may have spillover effects on global economic and earnings growth, but it's unlikely to lead to global financial contagion and send stock markets materially lower.

Find Market Commentary content