Market Commentary
Timely takes on markets and the economy.
Market Commentary content
Market Commentary
With COVID-19 vaccines on the horizon, the longer-term economic outlook appears brighter.
Market Commentary
Stocks head into 2021 having crossed the COVID chasm; but the economy has more work to do. Will vaccines get us to the other side?
Market Commentary
We expect the municipal bond market to return to a sense of normalcy in 2021.
Market Commentary
As 2020 draws to a close, economic momentum is fading with infection rates on the rise, governments responding with more lockdowns, and few prospects for any major near-term fiscal stimulus. However, the global economy has the potential to make a full recovery in 2021, rebounding from the -4.4% decline in 2020 with growth of +5.2% in 2021, according to current estimates from the International Monetary Fund (IMF).
Bond Insights
We don’t believe 2021 will be as bumpy as this past year, and corporate bond investments appear relatively attractive today.
Bond Insights
Ten-year Treasury bond yields may rise as high as 1.6% in 2021, reflecting prospects for faster economic growth.
Market Commentary
Actual third-quarter earnings may be less important than what business leaders say about their expectations.
Market Commentary
Debate over another round of coronavirus aid and economic stimulus likely will be at the top of the agenda for the post-election session.
Market Commentary
Reports of a successful vaccine trial send stocks higher. What does it mean for the economy?