Market Commentary

Timely takes on markets and the economy.

Market Commentary content

Bond Insights

Preferred securities’ higher yields may be appealing, but they almost always come with additional risks.
Market Commentary

The Fed is set to embark on another tightening cycle, and though history serves as a partial guide, there are new tools this time around and an undetermined rate-hike playbook.
Market Commentary

We believe that diversified investors don’t need to take action to protect their portfolios from events in Ukraine, which are unlikely to affect broader market and economic trends.
Market Commentary

A large home bias, even with international sales exposure, may not diversify investors across sectors, endangering financial goals when new economic cycles shift long term trends.
Market Commentary

The speculative exuberance around special purpose acquisition companies (SPACs) seems to be over, but investors still have questions about them.
Bond Insights

The Federal Reserve is expected to starting hiking short-term rates at its March meeting. But how fast will the pace be?
Market Commentary

The human costs of military action are unmeasurable. Yet, the stock market reaction to an incursion or invasion of Ukraine may echo those of the past with little measurable impact for diversified investors.
Market Commentary

Global benchmark yields are moving higher along with economic sentiment. We expect yields to remain positively correlated to market returns, favoring cyclical and value stocks.
Bond Insights

Beginning quantitative tightening soon after rate hikes is a big departure from the Federal Reserve’s past policy.

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