Market Commentary
Timely takes on markets and the economy.
Market Commentary content
Bond Insights
Easy monetary policy and rising federal budget deficits could undermine confidence in the dollar, but its role as the dominant global currency looks secure.
Market Commentary
Sentiment has been a problem; higher yields was the catalyst for a bit of a reset.
Market Commentary
As quickly as it soared to the moon, GameStop came back down to earth; but the lessons learned are key to turning day trading speculators into longer-term investors.
Market Commentary
As a review of the year that was, today’s report analyzes and dissects the nature of the K-shaped recovery in both the economy and stock market.
Bond Insights
In many ways, it appears that the market is disconnected from the current state of the economy and politics.
Market Commentary
December brought the first payrolls decline since last April; with leisure/hospitality—and women—bearing the brunt of the weakness. Expect more economic “scarring” to come.
Bond Insights
We expect the municipal bond market to return to a sense of normalcy in 2021.
Bond Insights
We don’t believe 2021 will be as bumpy as this past year, and corporate bond investments appear relatively attractive today.
Bond Insights
Ten-year Treasury bond yields may rise as high as 1.6% in 2021, reflecting prospects for faster economic growth.