Market Commentary
Timely takes on markets and the economy.
Market Commentary content
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.
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.
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.
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.
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.