Market Commentary

Timely takes on markets and the economy.

Market Commentary content

Bond Insights

Coupon income, not price appreciation, likely will be the main driver of total returns.
2022 Schwab Market Outlook

Persistent high-tide growth is likely to help float the global economy safely over the rocks of risks in 2022, despite waves of worries: COVID, inflation, shortages & rate hikes.
Bond Insights

Municipal bond prices may decline in the short term, but we expect to see opportunities for higher yield in 2022.
Bond Insights

We expect a wave up in bond yields as central banks shift away from easy policies.
Market Commentary

After a year of supply shortages, the global economy may be closer to the end of the supply chain problems than the beginning.
Market Commentary

Earnings season has been stellar so far, although the growth rate is well off its prior quarter peak, with profit margins in focus looking ahead.
Market Commentary

Services make up more of the economy, jobs, and the stock market. The time has come to focus on services data to get a sense of the overall economic picture.
Market Commentary

The age of abundance has given way to an age of scarcity, while the pro-cyclical version of inflation may have given way to the counter-cyclical version.
Market Commentary

The pandemic has wrought havoc on the global system of trade. What does that mean for the markets and the holiday shopping season?

Find Market Commentary content