Market Commentary
Timely takes on markets and the economy.
Market Commentary content
Bond Insights
For yield-seeking investors willing to take additional risk, bank loans may be more attractive than high-yield bonds today.
Market Commentary
China’s recent stock market pullback has been in line with the average annual drawdown; historically, this volatility has tended to produce double-digit annualized gains.
Market Commentary
As anticipated, corporate earnings are set for another stellar quarter; but with peak growth rates likely behind us, the road ahead gets choppier.
Market Commentary
COVID-19 resurgences appear to be the primary driver of moves across many markets this year.
Bond Insights
The steep drop in yields has defied conventional wisdom.
Bond Insights
Drought and severe heat could have negative effects on some municipal bond issuers, but we believe most will manage through it.
Market Commentary
In the last few weeks, stock market leadership reversed back to lockdown-era defensives as the stock market made new all-time highs.
Bond Insights
Rising Treasury yields, declining commodity prices, and China’s credit pullback darken the picture for EM bonds.
Bond Insights
They can be a buffer against long-term inflation, but TIPS investing isn’t always straightforward. Here are answers to frequently asked questions.