Market Commentary

Timely takes on markets and the economy.

Market Commentary content

Is Good Data Now Bad News?
Market Commentary

It’s possible that good data could be interpreted as bad news for U.S. markets in the near-term as strong economic data could prompt the Fed to unwind earlier.
Market Commentary

The bond market has become surprisingly quiet in the past few months. Ten-year Treasury yields have settled into a narrow range near 1.6%, after peaking at 1.74% on March 31st, a steep rise from less than 1% at the start of the year. The market has shrugged off wide swings in the economic data, a spike in inflation readings, and uncertainty about the direction of fiscal and monetary policies. It reminds us of one of the puzzles in children’s magazines where you’re supposed to figure out “what’s wrong with this picture?”

Market Commentary

Liz Ann Sonders shares her perspective on the U.S. stock market and economy in this monthly Market Snapshot video.
Bond Insights

We see the recent plateau in yields as a pause before the next wave higher.
Market Commentary

Municipal bond yields are relatively low, which may make some investors wonder about their attractiveness as an investment. However, we have a favorable outlook on munis for the second half of the year, due to a variety of potential tailwinds, including government fiscal support and technical factors.

2021 Mid-Year Outlook: Global Stocks and Economy
Market Commentary

The recovery is now over; a new global economic expansion has begun. The new economic cycle has seen stock market leadership pass from the U.S. to Europe.
2021 Mid-Year Outlook: U.S. Stocks and Economy
Market Commentary

Peak growth rates for the economy and earnings are likely behind us, setting the economy up for a boom-settle scenario in the second half of the year.
Signs Inflation’s Surge Is Transitory
Market Commentary

While it’s very early to say the rise in inflation has passed, there are signs that the fastest part of the rebound in inflation might soon be over.
Bond Insights

However, while the risk for a wave of downgrades has waned, yields are low relative to comparable alternatives.

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