Market Commentary

Timely takes on markets and the economy.

Market Commentary content

Schwab Market Perspective: A Narrow Path Up
Market Commentary

U.S. stocks have continued to climb amid optimism about a vaccine-led economic recovery, but bad news could easily throw markets off track.
Bond Insights

In many ways, it appears that the market is disconnected from the current state of the economy and politics.
Market Commentary

It has been an extraordinary start to 2021 in the nation’s capital.
Market Commentary

December brought the first payrolls decline since last April; with leisure/hospitality—and women—bearing the brunt of the weakness. Expect more economic “scarring” to come.
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.
Market Commentary

Results will have a profound impact on the Biden administration’s ability to move its policy agenda forward in the first two years.
Top Five Global Investment Risks In 2021
Market Commentary

Risk is often the result of a very high degree of confidence among market participants in one specific outcome.
The Song Remains the Same: Fed Keeps Rates/Balance Sheet Steady
Market Commentary

The Federal Reserve acted as expected; making no changes to policy, but updated its economic projections with a slightly rosier GDP and unemployment outlook.
Rise Up: Vaccines Brought Broader Market Participation
Market Commentary

The market’s tenor changed in early September, when the “rotation era” began; with the benefit of better breadth, but the risk of euphoric sentiment.

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