Market Commentary

Timely takes on markets and the economy.

Market Commentary content

Stimulus Payback: 2023
Market Commentary

Policymakers in major economies have pointed to 2023 as the date the stimulus payback may begin.
Market Commentary

Vaccine rollouts in major countries are proceeding at different speeds, and investors are torn between optimism about business re-openings and concern about rising interest rates.
It’s What You Value … and Where You Find It
Market Commentary

Investor attention has shifted from Growth to Value as the economy regains its footing, but understanding their factors and fundamentals is crucial.
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.
Higher Ground: Fed Keeps Rates Unchanged but Upgrades Outlook
Market Commentary

The Fed kept rates unchanged, but upgraded its outlook; while the “dots plot” moved higher amid a rising percentage of officials expecting an earlier “lift off” in rates.
Bull? Bear? How about a “Bunny” market?
Market Commentary

Not likely a bear market, but it may feel less like last year’s charging bull market. Perhaps a “bunny” market, with the stock market hopping up and down.
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.
Bond Insights

Although they may be attractive for certain investors, high-yield municipal bond yields are low and risks are elevated.
Bond Insights

With interest rates rising, “zombie companies” may have to refinance debt at higher rates.

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