Market Commentary

Timely takes on markets and the economy.

Find Market Commentary content

Bond Insights

State and local budgets are likely to remain under stress, but that doesn’t mean investors should completely avoid munis.
Making Sense Of The Market (And Where We Can’t)
Market Commentary

In order to help try to make sense of it all, let’s take a look at where the stock market makes sense right now and where it doesn’t.
Bond Market Update – May 2020
Bond Insights

The latest perspective on the bond market from the Schwab Center for Financial Research, including a deep-dive on corporate and municipal bond markets.
Bond Insights

While we have concerns about the loan market, we don’t believe the CLO market is putting the banking system at risk.
Pause: Stocks’ June Consolidation Continues
Market Commentary

Since the recent peak in early June, stocks have been consolidating, driven by rising COVID-19 cases and less “shock and awe” from the Fed.
What A COVID-19 Second Wave Means For Investors
Market Commentary

A second wave of global COVID-19 is getting a lot of media attention, but the appearance of a global second wave of cases is primarily driven by the different timing of first waves across countries—rather than second waves within countries.
Market Commentary

Economies and markets whipsawed in the first half of 2020. Here’s what we expect for the rest of the year.
Bond Insights

Interest rates are likely to stay low as markets try to bridge the economic gap to the new normal.
2020 Mid-Year Outlook: U.S. Stocks and Economy
Market Commentary

The divergence between the stock market and economy has characterized the past few months; with a convergence possible in the second half of the year.