Market Commentary
Timely takes on markets and the economy.
Market Commentary content
Market Commentary
Politics may have little impact on economic globalization or corporate profits—which gives little reason for investors to deglobalize their portfolios despite the headlines.
Market Commentary
Stocks have enjoyed a relief rally of late, but conviction is lacking as the rebound has disproportionately favored low-quality segments of the market.
Market Commentary
The geopolitical impact on earnings, the most important driver of stock prices, has remained modest so far; global companies appear to be on a path for earnings growth in 2022.
Bond Insights
Prices have fallen sharply, creating an opportunity for income-oriented investors who can ride out the volatility. Investors should understand the risks, however.
Market Commentary
There are multiple ways to access the market.
Bond Insights
Unfunded pension liabilities for state and local governments are in their best condition in nearly a decade, supporting the case that credit quality in the municipal bond market has improved.
Market Commentary
Even if a recession is not imminent, the playbook deserves a dusting off as rising inflation, tighter monetary policy, and the war in Ukraine all crimp economic growth prospects.
Market Commentary
What to consider when prices are dropping fast.
Market Commentary
Bear markets occur with some regularity. Is your portfolio ready?