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.
Lockdown Leadership Unlikely To Last
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.

Find Market Commentary content