Market Commentary

Timely takes on markets and the economy.

Market Commentary content

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.
Market Commentary

The planned vaccine rollout is good news that has lifted the stock markets around the world. But the reality of the rollout faces risks that could extend the time frame for mass immunizations.
2021 Schwab Market Outlook

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.
2021 Schwab Market Outlook

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.

Find Market Commentary content