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.
Red Flag Day: Bond Yield Spike Denting Euphoric Sentiment
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.
Bridging the Gap(s): Converging and Diverging Trends Stemming From the Crisis
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.

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