Insights

Explore Insights

May 16 2022
Markets/Economy .
Article Day late and a ruble short
May 16 2022

The U.S. should ramp up energy production.

May 13 2022
Equity .
Article Capitulation
May 13 2022

Cash tops shopping list but other possibilities starting to look promising.

May 11 2022
Equity .
Article Hold the fort
May 11 2022

Our bias is to add to risk. We’re just not there … yet.

May 16 2022
International/Global .
Article Planting the seeds for Arab Spring 2.0
May 10 2022

War-driven food crisis could spawn destabilizing uprisings all over.

May 6 2022
Markets/Economy .
Article Driven by data
May 9 2022

Weekly Bond Commentary

May 6 2022
Markets/Economy .
Article Undeniably hawkish Fed
May 9 2022

Weekly Cash Commentary

May 6 2022
Inflation .
Article Take a breath
May 6 2022

The news on earnings and the economy is good. Markets don't care.

May 6 2022
Equity .
Article April jobs report a mixed bag
May 6 2022

Is the labor market slowing?

May 6 2022
Monetary Policy .
Article Driving the point home
May 4 2022

With a 50 basis-point hike, the Fed hopes to stick it to inflation. 

May 2 2022
Markets/Economy .
Article Quiet before the storm
May 2 2022

Weekly Cash Commentary

May 2 2022
Markets/Economy .
Article Contraction
May 2 2022

Weekly Bond Commentary

May 2 2022
Liquidity .
Article The table is set
May 2 2022

The Fed rate cycle and the SEC money fund reform process are ready to begin in earnest.

April 29 2022
Inflation .
Article Invest for inflation, not recession
April 29 2022

Unrelenting demand presents challenges as Fed seeks to unwind price pressures.

April 29 2022
Markets/Economy .
Article Ignore first-quarter GDP miss
April 29 2022

Fed still on track for a half-point hike.

April 28 2022
Monetary Policy .
Article Investors should stay defensive if the Fed follows its rhetoric
April 28 2022

More rate hikes would favor cash, floating-rate securities and value stocks.

May 13 2022
Interest Rates .
Article Federal Open Mouth Committee
April 26 2022

The Fed's abundant messaging has the market doing its work for it.

April 22 2022
Markets/Economy .
Article High expectations
April 25 2022

Weekly Bond Commentary

April 22 2022
Markets/Economy .
Article A seat at the table
April 25 2022

Weekly Cash Commentary

April 25 2022
Equity .
Article Prices are rising everywhere ...
April 22 2022

Consumers and businesses don't seem to mind too much ... yet.

May 11 2022
Equity .
Article Revisionist history
April 22 2022

Washington policies helped to create runaway inflation.

May 2 2022
Equity .
Article Green shoots on the horizon
April 20 2022

5 reasons growth investors can take heart in 2022.

April 19 2022
Markets/Economy .
Article A single mandate?
April 18 2022

Weekly Cash Commentary

April 19 2022
Markets/Economy .
Article Consumers frustrated but resilient
April 18 2022

Weekly Bond Commentary

April 22 2022
Markets/Economy .
Article Dominos falling
April 14 2022

Russia’s invasion, higher energy costs, soaring inflation, hawkish Fed…

April 14 2022
Equity .
Article Persistent trumps peak
April 14 2022

Inflation that moderates but stays elevated can be a problem.

May 10 2022
Fixed Income .
Article Mosaic of uncertainties merits caution
April 11 2022

Bonds wrestle with pricing Fed, war and inflation outcomes.  

April 11 2022
Markets/Economy .
Article Labor market too hot for the Fed
April 11 2022

Weekly Bond Commentary

April 11 2022
Markets/Economy .
Article 'Expeditiously' is the new 'transitory'
April 11 2022

Weekly Cash Commentary

April 8 2022
Equity .
Article The Fed WILL succeed
April 8 2022

The only question for investors: at what cost?

April 26 2022
Markets/Economy .
Article Is the equity head fake over?
April 7 2022

A host of negative factors could end the recent rally.

April 4 2022
Equity .
Article Why small-cap value now
April 5 2022

Today's challenges play into this asset class' strengths.

April 25 2022
Equity .
Article Call us 'cautious bulls'
April 5 2022

Year-end S&P forecasts for 2022 and 2023 lowered to 4,800 and 5,100.

April 4 2022
Markets/Economy .
Article View the big picture
April 4 2022

Weekly Bond Commentary

April 4 2022
Markets/Economy .
Article Strong jobs report kepts Fed on track
April 4 2022

Weekly Cash Commentary

April 1 2022
Markets/Economy .
Article Labor market not slowing down
April 1 2022

Fed on pace for half-point hike in May.

April 4 2022
Equity .
Article Never wise to fight ...
April 1 2022

Russia-Ukraine conflict taking its toll.

April 11 2022
Markets/Economy .
Podcast Undeniably hawkish
April 1 2022

R.J. Gallo, Susan Hill and Phil Orlando weigh in on the latest Fed action and inflation expectations. 

April 7 2022
Liquidity .
Article Balancing expectations
April 1 2022

The Treasury yield curve isn't matching the futures market’s view of rate hikes.

March 28 2022
Markets/Economy .
Article Powell doubles down
March 28 2022

Weekly Cash Commentary

March 28 2022
Markets/Economy .
Article Inflation cutting into consumer behavior
March 28 2022

Weekly Bond Commentary

April 5 2022
Ukraine Crisis .
Article 'Don't play Hearts with someone who doesn't know the rules'
March 28 2022

Still cautiously favoring equities as unpredictable Putin plays under his own rules. 

March 25 2022
Equity .
Article All of the above?
March 25 2022

The U.S. must pursue a dual-track energy policy.

March 22 2022
International/Global .
Article The 'Beijing put'
March 22 2022

Greenspan supported U.S. markets. Now it's President Xi Jinping's turn in China.

March 21 2022
Inflation .
Article '70s redux
March 22 2022

It may feel similar, but the differences are many.

March 18 2022
Markets/Economy .
Article No easy task
March 21 2022

Weekly Bond Commentary

March 18 2022
Markets/Economy .
Article A hike and then some
March 21 2022

Weekly Cash Commentary

March 20 2022
Markets/Economy .
Article Stocks greet Fed's hawkish turn with bullish embrace
March 18 2022

But is the equity rally a head fake?

March 18 2022
Equity .
Article Do you think the madness will end when March is over?
March 18 2022

Like the NCAA tourney, uncertainty reigns in markets.

March 18 2022
Monetary Policy .
Article Fed takeaway: yields are heading higher
March 17 2022

Policymakers don't want to undo 40 years of restrained inflation expectations.

April 4 2022
Monetary Policy .
Article An aggressive Fed
March 16 2022

The Fed hiked rates and put inflation on notice with hawkish projections.

April 29 2022
Markets/Economy .
Podcast The tortoise moves forward

March 16 2022

Facing inflation and other market headwinds, defensive dividend-paying stocks may offer some protection.

March 14 2022
Markets/Economy .
Article Fed decision may reduce uncertainty
March 14 2022

Weekly Bond Commentary

March 14 2022
Markets/Economy .
Article Not so elementary
March 14 2022

Weekly Cash Commentary

March 11 2022
Ukraine Crisis .
Article 'The usuals' aren't calling
March 11 2022

Hard to call a bottom when investor fear is missing.

March 28 2022
Ukraine Crisis .
Article Revising our framework to incorporate Ukraine war
March 10 2022

Scenarios vary but on a 12-month view, stocks should be higher from here.

March 7 2022
Equity .
Article Biotech down but far from out
March 8 2022

Health-care innovation continues to accelerate.

March 17 2022
Ukraine Crisis .
Article Geopolitical risks
March 7 2022

Ukraine, energy, inflation and Fed driving markets.

March 7 2022
Markets/Economy .
Article War has markets looking past strong jobs report
March 7 2022

Weekly Bond Commentary

March 7 2022
Markets/Economy .
Article Powell reveals his vote
March 7 2022

Weekly Cash Commentary

March 4 2022
Markets/Economy .
Article Labor market stays hot
March 4 2022

Second consecutive sharp gain puts Fed on track to hike.

March 4 2022
Ukraine Crisis .
Article The best offense ...
March 4 2022

Defensive stocks can offer refuge and potential rewards.

March 10 2022
Ukraine Crisis .
Article Last weekend changed everything
March 2 2022

Germany's vow to ramp up military spending is a long-term game-changer

March 1 2022
Monetary Policy .
Article Rates' projected path looms large
March 1 2022

The FOMC 'dot plot' will be as important as an actual hike.

February 28 2022
Markets/Economy .
Article Bond market volatile in wake of Russian invasion
February 28 2022

Weekly Bond Commentary

February 28 2022
Markets/Economy .
Article Ukraine crisis might hinder Fed response to inflation
February 28 2022

Weekly Cash Commentary

February 25 2022
Equity .
Article Peak (fill in the blank)
February 25 2022

Is the market putting in a bottom on peak everything?

March 8 2022
Ukraine Crisis .
Article Another 'F' falls
February 25 2022

Foreign crisis joins two other "Fs" affecting markets: fiscal policy and Fed.

March 7 2022
Ukraine Crisis .
Article Conflict may slow Fed's plans
February 24 2022

The crisis in Ukraine likely takes a 50 basis-point hike in March off the table. 

February 25 2022
Ukraine Crisis .
Article What's next for international equities?
February 24 2022

The Ukraine situation likely accelerates recent sell-off.

March 2 2022
Ukraine Crisis .
Article Bias remains up (slightly) on longer rates
February 24 2022

Invasion fallout does some of the Fed's work for it.

February 18 2022
Markets/Economy .
Article Investors should lower their seat's restraining bar
February 22 2022

Weekly Bond Commentary

February 18 2022
Markets/Economy .
Article How fast is fast?
February 22 2022

Weekly Cash Commentary

February 18 2022
Equity .
Article Stars aligning for Team Value
February 18 2022

Its offense (dividends) and defense (lower multiples) play well in current environment.

February 17 2022
Markets/Economy .
Article Gift cards power January retail sales
February 17 2022

Holiday sales were surprisingly robust

February 24 2022
Equity .
Article 'Good news,' 'Bad news' and 'Not news'
February 15 2022

A better back-half looms for equity investors. Getting there could be rocky.

February 15 2022
Markets/Economy .
Article Information is the new oil
February 15 2022

Shortages shed light on role of microchips in unlocking information's value.

February 14 2022
Markets/Economy .
Article Going once, going twice, sold?
February 14 2022

Weekly Cash Commentary

February 14 2022
Markets/Economy .
Article So this is what a boom looks like
February 14 2022

Weekly Bond Commentary

February 11 2022
Equity .
Article Walking a tightrope
February 11 2022

Fed must juggle inflation versus recession risks.

February 8 2022
Markets/Economy .
Article January Barometer sinks
February 9 2022

Midterm election years are particularly challenging.

February 24 2022
Fixed Income .
Article What's a fixed-income investor to do?
February 8 2022

As rates rise, look for opportunities on the shorter end.

February 7 2022
Markets/Economy .
Article Fed dual mandate met
February 7 2022

Weekly Cash Commentary

February 7 2022
Markets/Economy .
Article Labor market getting hot
February 7 2022

Weekly Bond Commentary

February 4 2022
Equity .
Article Energy doesn't care
February 4 2022

The sector continues to lead through broader market turmoil.

February 4 2022
Markets/Economy .
Article Surprisingly strong jobs report
February 4 2022

The labor market ignored omicron and winter weather in January.

February 24 2022
Monetary Policy .
Article Ready, set...
February 1 2022

Rate normalization is almost a go.

February 15 2022
Equity .
Article The path for growth investing hasn't changed
January 31 2022

Megatrends and secular shifts continue to create long-term opportunities.

February 7 2022
Markets/Economy .
Article Markets, consumers on edge
January 31 2022

Weekly Bond Commentary

January 31 2022
Markets/Economy .
Article The long view
January 31 2022

Weekly Cash Commentary

February 2 2022
Fixed Income .
Podcast Munis and infrastructure
January 28 2022

Portfolio managers Ann Ferentino and Patrick Strollo discuss policy and the impact on municipal bonds with guest Dan Clifton of Strategas.

 

January 28 2022
Equity .
Article The golden rule
January 28 2022

If there's no recession in sight, stay bullish.

January 28 2022
Markets/Economy .
Article Inventory restocking boosts Q4 GDP
January 28 2022

The long wait is over.

April 7 2022
Monetary Policy .
Article A hawkish clarification
January 26 2022

The Fed didn't raise rates today, but Chair Powell let the markets know it's coming.

January 24 2022
Markets/Economy .
Article Fed thinking digitally
January 24 2022

Weekly Cash Commentary

January 24 2022
Markets/Economy .
Article Short on days, long on activity
January 24 2022

Weekly Bond Commentary

January 21 2022
Equity .
Article Omicron soft patch
January 21 2022

Inflation spiking while job growth and consumer spending have slowed.

February 8 2022
2022 Outlook .
Podcast Themes to watch, forecasts and potential surprises January 21 2022

Our outlook across asset classes.

January 21 2022
Equity .
Article Profit margins, an oasis in volatile markets
January 21 2022

Fortune favors companies that can pass on cost increases.

February 1 2022
2022 Outlook .
Article High yield has more to give
January 20 2022

Ratings upgrades and rebounding economy create favorable backdrop.

February 1 2022
Fixed Income .
Article 10 reasons inflation may stay elevated
January 18 2022

And if it does, the world becomes a more dangerous place for investors. 

January 18 2022
Markets/Economy .
Article Data reflect herky-jerky recovery
January 17 2022

Weekly Bond Commentary

January 18 2022
Markets/Economy .
Article Pressure on prices and policymakers
January 17 2022

Weekly Cash Commentary

January 14 2022
Equity .
Article The key risk
January 14 2022

It's all about inflation expectations.

January 25 2022
2022 Outlook .
White Paper 2022 Outlook: No time to hunker down January 13 2022

New year presents new opportunities across sectors.

January 12 2022
Markets/Economy .
Article Recovery from Covid-induced recession continues more slowly
January 12 2022

Three things to watch in 2022.

January 12 2022
Markets/Economy .
Article Batting .500
January 12 2022

Two early-year stock market indicators point in different directions.

January 25 2022
2022 Outlook .
Article The hits keep coming
January 11 2022

Stubborn inflation and hawkish Fed pivot add to bond market challenges.

January 10 2022
Markets/Economy .
Article Aggressive Fed
January 10 2022

Weekly Cash Commentary

January 10 2022
Markets/Economy .
Article Already a busy new year
January 10 2022

Weekly Bond Commentary

February 7 2022
2022 Outlook .
Article Thinking green and biotech (and a little less inflation)
January 7 2022

Three things to watch in 2022.

January 7 2022
2022 Outlook .
Article 'It's going to be a volatile year'
January 7 2022

Fed tightening and evaporating fiscal stimulus should make for a bumpy road.

January 7 2022
Equity .
Article Another jobs disconnect
January 7 2022

Fed poised to hike rates in March

January 5 2022
2022 Outlook .
Article One country's pain is another's opportunity
January 5 2022

Three things to watch in 2022.

January 25 2022
2022 Outlook .
Article Base-case forecast: Solid, though more muted, gains ahead
January 4 2022

Better returns likely in value stocks but keep an eye out for 'The Four Fs.'

January 24 2022
2022 Outlook .
Article As the economy goes, so goes high yield
January 4 2022

Three things to watch in 2022.

February 8 2022
2022 Outlook .
Article Onward and upward
January 3 2022

Three things to watch in 2022.

December 30 2021
Markets/Economy .
Article Optimism for the new year
January 3 2022

Weekly Cash Commentary

December 30 2021
Markets/Economy .
Article Data will drive Fed action in 2022
January 3 2022

Weekly Bond Commentary

January 11 2022
2022 Outlook .
Article Navigating crosscurrents of Fed policy, growth and spreads
January 3 2022

Three things to watch in 2022.

January 4 2022
2022 Outlook .
Article I'm going to need a bigger closet (dancing emoji)
December 27 2021

Three things to watch in 2022.

December 22 2021
Markets/Economy .
Article Good tidings for holiday spending
December 22 2021

Season is bright for retailers, despite headwinds.

December 17 2021
Markets/Economy .
Article Hikes on the horizon
December 20 2021

Weekly Cash Commentary

December 17 2021
Markets/Economy .
Article How hawkish is too hawkish?
December 20 2021

Weekly Bond Commentary

December 17 2021
Equity .
Article Do you suppose Santa is wearing a mask?
December 17 2021

Omicron is weighing on psyches, but not so much markets ... yet.

January 3 2022
2022 Outlook .
Article Volatility on the horizon
December 16 2021

Three things to watch in 2022.

December 15 2021
Monetary Policy .
Article Acceleration
December 15 2021

The Fed increases the pace of taper and expectations for rate hikes.

January 3 2022
2022 Outlook .
Article Walking the tightrope
December 15 2021

Three things to watch in 2022.

December 10 2021
Markets/Economy .
Article Progress and pressure
December 13 2021

Weekly Bond Commentary

December 10 2021
Markets/Economy .
Article Hot potato
December 13 2021

Weekly Cash Commentary

December 10 2021
Equity .
Article The boy who cried 'variant'
December 10 2021

Omicron is a nonevent for the markets.

December 7 2021
Markets/Economy .
Article Passing the Covid baton
December 7 2021

The omicron variant is driving the markets now.

December 17 2021
Equity .
Article Market poised for Santa rally as near-term risks fade.
December 6 2021

Reiterating 4,800 and 5,300 '21 and '22 targets and value tilt

December 7 2021
Markets/Economy .
Article Poor jobs report tests Fed plans
December 6 2021

Weekly Bond Commentary

December 3 2021
Markets/Economy .
Article A faster Fed
December 6 2021

Weekly Cash Commentary

December 3 2021
Equity .
Article Revenge spend
December 3 2021

Americans using pocketbooks to fight back against Covid weariness.

December 3 2021
Markets/Economy .
Article A headscratcher
December 3 2021

The November jobs report's low headline number belies its internal strength. 

December 17 2021
Liquidity .
Article Continuity is critical
December 1 2021

Powell's nomination provides stability as uncertainty lingers.

November 29 2021
Markets/Economy .
Article Consumers leaving the house to shop
November 29 2021

Weekly Cash Commentary

November 29 2021
Markets/Economy .
Article Is it 2021 or 1968?
November 29 2021

Weekly Bond Commentary

November 26 2021
Equity .
Article Inflation not a conversation starter at my dinner table
November 24 2021

Lots to be thankful for amid the divisiveness.

November 23 2021
Equity .
Article Life is getting back to normal
November 23 2021

But Thanksgiving will be more expensive this year.

November 22 2021
Markets/Economy .
Article And the winner is...
November 22 2021

Weekly Cash Commentary

November 22 2021
Markets/Economy .
Article Shoppers buck inflation concerns
November 22 2021

Weekly Cash Commentary

December 17 2021
Equity .
Article There's a reason it's called the 'Wall of Worry'
November 22 2021

Market risks stay skewed to upside but inflation and possible policy errors lurk.

November 19 2021
Equity .
Article Election lessons learned
November 19 2021

Were off-year results a wake-up call?

November 16 2021
Fixed Income .
Article Resilient consumers put holiday bow on credit card ABS
November 16 2021

Robust spending and low delinquencies bode well for yields.

November 15 2021
Markets/Economy .
Article Keeping our eyes on the prize
November 15 2021

Weekly Cash Commentary

November 18 2021
Markets/Economy .
Article A pricy, and dicey, environment
November 15 2021

Weekly Bond Commentary

November 12 2021
Markets/Economy .
Article Threading the needle
November 12 2021

With inflation soaring and tapering starting, President Biden's choices for Fed seats are crucial.

November 12 2021
Equity .
Article Where are all the workers?
November 12 2021

It seems some may be earning plenty, for now, just trading crypto. 

November 9 2021
Markets/Economy .
Article Road work ahead
November 10 2021

The infrastructure bill benefits municipalities and muni investors alike.

November 23 2021
Inflation .
Article Inflation isn't killing the bull ... yet
November 10 2021

Companies with pricing power still offering potential.

November 5 2021
Markets/Economy .
Article And it begins
November 8 2021

Weekly Cash Commentary

November 5 2021
Markets/Economy .
Article A revision and a rebound
November 8 2021

Weekly Bond Commentary

November 5 2021
Equity .
Article Buy in November and HODL
November 5 2021

Popular meme seems perfect for this market.

November 5 2021
Markets/Economy .
Article Labor market rebounds
November 5 2021

Solid gains across the board in October.

November 3 2021
Monetary Policy .
Article Taper is on; rate hikes TBD
November 3 2021

The Fed announced it will cut the pace of its asset purchases, but not on a preordained path.

November 3 2021
Markets/Economy .
Article Navigating fixed-income's roiling waters
November 3 2021

The case for an active approach to the short end of the bond market.

November 1 2021
Markets/Economy .
Article Will the Fed play ball?
November 1 2021

Weekly Cash Commentary

November 1 2021
Markets/Economy .
Article Disappointing GDP likely not a trend
November 1 2021

Weekly Bond Commentary

December 1 2021
Liquidity .
Article A familiar course
November 1 2021

The success of the Fed’s first taper gives us confidence it will work well again.

October 29 2021
Markets/Economy .
Article GDP's stunning slump
October 29 2021

We see a variety of reasons for the pullback in Q3 GDP growth.

October 29 2021
Equity .
Article How do you suppose they became billionaires?
October 29 2021

Market marches forward as Dems scale back.

November 16 2021
Fixed Income .
Article Student loan ABS, beyond the headlines
October 27 2021

Finding value in a frequently misunderstood sector.

October 25 2021
Markets/Economy .
Article Time to taper
October 25 2021

Weely Cash Commentary

October 25 2021
Markets/Economy .
Article Being modest
October 25 2021

Weekly Bond Commentary

October 22 2021
Equity .
Article The '70s. Good times, although...
October 22 2021

We could do without leisure suits (maybe) and stagflation (definitely).

October 22 2021
Markets/Economy .
Article Peak everything?
October 22 2021

Economy slows noticeably, while inflation remains elevated.

November 23 2021
Equity .
Article Lots to worry about ... fueling the bull forward
October 22 2021

Still room to run, with a tilt toward cyclical companies with pricing power. 

October 20 2021
Equity .
Article Attention holiday shoppers!
October 20 2021

Aisle 3 is already sold out and it’s only October.

October 18 2021
Markets/Economy .
Article The inflation debate
October 18 2021

Weekly Bond Commentary

October 18 2021
Markets/Economy .
Article A fork in the road
October 18 2021

Weekly Cash Commentary

October 15 2021
Equity .
Article Stagflation ... Pshaw!
October 15 2021

This is not the 1970s ... not even close.

October 15 2021
Markets/Economy .
Article Christmas in October?
October 15 2021

Ships that stole Christmas

November 10 2021
Fixed Income .
Article Maybe markets should forget about 'transitory'
October 14 2021

Stubbornly higher inflation doesn't mean the Fed's wrong ... yet.

November 5 2021
Fixed Income .
Article Chips are down but auto ABS opportunity is up
October 12 2021

Semiconductor shortage is an all-around positive for these asset-backed securities.

October 15 2021
Markets/Economy .
Article Reasonable progress?
October 11 2021

Weekly Cash Commentary

October 11 2021
Markets/Economy .
Article Seeing the whole picture of the labor market
October 11 2021

Weekly Bond Commentary

October 21 2021
Fixed Income .
Article Grinding it out
October 8 2021

Bond market plods ahead amid looming uncertainties.

October 8 2021
Markets/Economy .
Article Stagflation hits labor market in September
October 8 2021

Job gains miss while wages soar.

October 4 2021
Markets/Economy .
Article The future
October 6 2021

And now for something completely different ...

October 4 2021
Markets/Economy .
Article One down, two to go
October 4 2021

Weekly Cash Commentary

October 4 2021
Markets/Economy .
Article Inflection point in growth?
October 4 2021

Weekly Bond Commentary

October 1 2021
Equity .
Article Washington's rough week
October 1 2021

Fiscal policy uncertainty adds to market volatility.

October 1 2021
International/Global .
Article Is Xi crazy?
October 1 2021

Like a fox. China knows what it's doing.

October 20 2021
Liquidity .
Article Capitol expenditures
October 1 2021

The drama over the debt ceiling is a waste of time and energy.

September 29 2021
International/Global .
Article What in the world is going on in China?
September 29 2021

Investors uncertain as country shifts from fighting poverty to fighting inequality.

October 13 2021
Monetary Policy .
Article Servicing the debt
September 27 2021

Investment managers, the finance industry and the Fed have contingencies for the debt ceiling drama.

September 24 2021
Markets/Economy .
Article Sooner rather than later
September 27 2021

Weekly Bond Commentary

September 24 2021
Markets/Economy .
Article Nuance
September 27 2021

Weekly Cash Commentary

September 24 2021
Equity .
Article The Wall of 'I'm Not Worried'
September 24 2021

The arrival of favorable seasonality supports bullish forces.

September 24 2021
Markets/Economy .
Article Will strong back-to-school sales continue into Christmas?
September 24 2021

Typically yes, but headwinds might diminish them.

September 22 2021
Monetary Policy .
Article A hawkish Fed tilt
September 22 2021

Taper may start in November, with first rate hike by late next year.

October 8 2021
Equity .
Article Coping with the Wall of Worry

September 22 2021

3 sectors may help investors deal with market obstacles.

September 20 2021
Markets/Economy .
Article Mixed signals
September 20 2021

Weekly Bond Commentary

September 20 2021
Markets/Economy .
Article Tapering on tap?
September 20 2021

Weekly Cash Commentary

October 20 2021
Equity .
Article Correction odds rise but long-term outlook strong
September 20 2021

A near-term pullback could represent an opportunity for long-term investors.

September 20 2021
Markets/Economy .
Article Should he stay or should he go?
September 17 2021

Biden’s decision on Powell and others risks market volatility

September 10 2021
Markets/Economy .
Article Labor Day yields to better employment news
September 13 2021

Weekly Bond Commentary

September 10 2021
Markets/Economy .
Article Fed taking the long view
September 13 2021

Weekly Cash Commentary

September 10 2021
Politics .
Article You wanna bet on Joe?
September 10 2021

A tax and spending bonanza looms.

September 10 2021
Markets/Economy .
Article Could stagflation spark a correction?
September 10 2021

The economy is slowing amid a host of headwinds.

September 8 2021
International/Global .
Article Is it the end of political stability in Germany? Will it tilt left?
September 8 2021

With Merkel exiting, the center-right CDU suddenly looks vulnerable.

September 3 2021
Markets/Economy .
Article Where are they?
September 7 2021

Weekly Bond Commentary

September 3 2021
Markets/Economy .
Article Delta variant impacts job market
September 7 2021

Weekly Cash Commentary

September 3 2021
Politics .
Article You wanna bet against Nancy?
September 3 2021

Markets will be watching closely as the House speaker orchestrates reconciliation.

September 3 2021
Markets/Economy .
Article Labor Day blues
September 3 2021

The August jobs report is a huge miss.

October 1 2021
Fixed Income .
Article A high-yield pause that refreshed
September 2 2021

Brief summer lull didn't derail solid fundamentals.

September 22 2021
Liquidity .
Article No surprises this time
August 31 2021

Fed Chair Powell stuck to the script at the central bank symposium.

August 30 2021
Markets/Economy .
Article Not this time
August 30 2021

Weekly Cash Commentary

August 30 2021
Markets/Economy .
Article Will they or won't they? Maybe.
August 30 2021

Weekly Bond Commentary

August 27 2021
Markets/Economy .
Article Fed's journey to taper could start later this year
August 27 2021

Policymakers likely want to see a few more developments before announcing it.

August 27 2021
Equity .
Article Will nothing brake this market?!
August 27 2021

'Buy the dips' continues to be the prevailing philosophy.

August 23 2021
Markets/Economy .
Article The next wave of innovation: Are we ready and willing?
August 24 2021

And most important, who decides?

August 23 2021
Markets/Economy .
Article Softening economy or bump in the road?
August 23 2021

Weekly Bond Commentary

August 23 2021
Markets/Economy .
Article Timing is everything
August 23 2021

Weekly Cash Commentary

August 20 2021
Markets/Economy .
Article Maybe inflation is not transitory after all?
August 20 2021

We see inflation as a sustainable trend.

August 20 2021
Equity .
Article There's a reason Christian Louboutin heels are 4 inches
August 20 2021

Like a quality stock, I can count on these fabulous shoes.

September 3 2021
International/Global .
Article A solid first half for international equities
August 17 2021

Can the pattern hold?

August 16 2021
Markets/Economy .
Article Discussing less
August 16 2021

Weekly Cash Commentary

August 16 2021
Markets/Economy .
Article Fits and starts
August 16 2021

Weekly Bond Commentary

August 13 2021
Equity .
Article Everything rallies
August 13 2021

If everyone expects a pullback, maybe it doesn't come.

August 9 2021
Markets/Economy .
Article Investing in education
August 10 2021

Will free college and absolving student loans make a difference?

August 9 2021
Equity .
Article IPO momentum continues in a big way
August 9 2021

Pursuit of returns fuels risk appetite and broader array of new issues.

August 6 2021
Markets/Economy .
Article The Fed has a word for that
August 9 2021

Weekly Cash Commentary

August 6 2021
Markets/Economy .
Article Fed may look past jobs report
August 9 2021

Weekly Bond Commentary

August 6 2021
Markets/Economy .
Article Great jobs headline, but ...
August 6 2021

Uncertainties linger when you dig into the weeds.

August 6 2021
Equity .
Article Vaccine panic
August 6 2021

Stocks, for now, are looking past unknowns and seasonality.

September 3 2021
Equity .
Article Heads I win, tails I win
August 4 2021

Uncertainties and vacations may feed volatility but bull trend carries on.

August 9 2021
Equity .
Article To vax, or not to vax?
August 3 2021

Vaccinations are complicating students' return to campus.

August 2 2021
Markets/Economy .
Article A lot of talk
August 2 2021

Weekly Cash Commentary

August 2 2021
Markets/Economy .
Article Consumers confident but also wary
August 2 2021

Weekly Bond Commentary

August 20 2021
International/Global .
Article Gauging China's tech crackdown
August 2 2021

After sentiment plummets, China appears keen to reassure investors.

July 30 2021
Liquidity .
Article Looking like a trillion bucks
July 30 2021

Usage of the Fed’s Reverse Repo Program keeps growing.

July 30 2021
Markets/Economy .
Article Supply-chain bottlenecks
July 30 2021

Low supply across many sectors impaired GDP growth.

July 29 2021
Monetary Policy .
Article Talking taper, but not much else
July 28 2021

While curtailing bond purchases were discussed, the FOMC today offered little additional insight.

July 21 2021
Inflation .
Article We NEED inflation
July 27 2021

A higher-price regime can offer benefits.

July 26 2021
Markets/Economy .
Article You never know
July 26 2021

Weekly Cash Commentary

July 26 2021
Markets/Economy .
Article Rising: gasoline prices and Covid cases
July 26 2021

Weekly Bond Commentary

July 23 2021
Equity .
Article Inflection point
July 23 2021

With recession over, it's time to pare fiscal and monetary stimulus.

July 23 2021
Equity .
Article Don't be a hero
July 23 2021

Seasonality and uncertainties are lurking.

July 19 2021
Fixed Income .
Article Muni story remains a good one
July 19 2021

Improving credit dynamics and rising demand make for solid 1-2 punch.

July 16 2021
Markets/Economy .
Article More than 'transitory'
July 19 2021

Weekly Cash Commentary

July 16 2021
Markets/Economy .
Article Consumers waver
July 19 2021

Weekly Bond Commentary

July 16 2021
Equity .
Article Unprecedented unprecedented
July 16 2021

It's easy money all over despite rising inflation.

July 16 2021
Markets/Economy .
Article Perfect summer storm brewing?
July 16 2021

Inflation, debt ceiling, Covid-19 and politics are among the reasons. 

July 15 2021
Monetary Policy .
Article Powell calm despite inflation storm
July 15 2021

The Chair's trip to Capitol Hill showed just how patient the Fed intends to be.

August 4 2021
Equity .
Article Good news for secular bull: fundamentals on a stampede
July 14 2021

Policy errors and Fed could pose problems later but it’s full steam ahead for now.

August 4 2021
Inflation .
Article It better be transitory
July 13 2021

Bond market is priced, somewhat, for the Fed to get inflation right.

July 8 2021
Markets/Economy .
Article The markets are seeking answers
July 12 2021

Weekly Bond Commentary

July 8 2021
Markets/Economy .
Article Fed weighing more repo facilities
July 12 2021

Weekly Cash Commentary

July 9 2021
Equity .
Article 'Buy in July, make an all-time high'
July 9 2021

There are reasons it doesn't feel like a market on a roll.

July 9 2021
Markets/Economy .
Article Dark clouds hanging over fiscal policy?
July 9 2021

The impact of the U.S. census on midterm elections and spending. 

July 2 2021
Markets/Economy .
Article Reaping rewards of vaccinations
July 6 2021

Weekly Bond Commentary

July 2 2021
Markets/Economy .
Article Job market improves but still low
July 6 2021

Weekly Cash Commentary

July 2 2021
Markets/Economy .
Article Strong headline job gains
July 2 2021

But underlying metrics are mixed.

July 2 2021
Equity .
Article Beneath the surface
July 2 2021

Equity market's new highs mask issues lurking underneath.

July 14 2021
Liquidity .
Article About time
July 1 2021

The Fed finally raised the overnight reverse repo rate.

June 30 2021
Markets/Economy .
Article Housing: A tale of two markets
July 1 2021

Red-hot housing exposes a growing divide between buyers and builders.

June 28 2021
Markets/Economy .
Article Jury is still out
June 28 2021

Weekly Cash Commentary

June 28 2021
Markets/Economy .
Article Economy keeps on truckin'
June 28 2021

Weekly Bond Commentary

June 25 2021
Politics .
Article What role will EVs play in infrastructure deal?
June 25 2021

A lot, perhaps. But the bipartisan package has to clear Congress first.

June 25 2021
Politics .
Article Ticktock, gridlock
June 25 2021

Goings-on in the sausage factory aren't bothering the markets.

June 23 2021
Inflation .
Article Secular bull outlook improves as the Fed begins to think again
June 22 2021

As the central bank awakens to inflation risks, our policy-error fear fades.

June 21 2021
Markets/Economy .
Article Policymakers are on the case
June 21 2021

Weekly Bond Commentary

June 21 2021
Markets/Economy .
Article The Fed comes through
June 21 2021

Weekly Cash Commentary

July 9 2021
Markets/Economy .
Article Are demographics economic destiny?
June 18 2021

After Covid, revising immigration policy is urgent.

June 18 2021
Inflation .
Article Rocking my Jimmy Choo's and I spy the punch bowl
June 18 2021

America's back and the troubles are (arguably) fleeting ... in the nearer term.

June 16 2021
Interest Rates .
Article No small matter
June 16 2021

The Fed's slight adjustments to overnight rates should have a big impact.

June 17 2021
Markets/Economy .
Article Rising prices not deterring consumers
June 14 2021

Weekly Bond Commentary

June 11 2021
Markets/Economy .
Article The plot thickens
June 14 2021

Weekly Cash Commentary

June 11 2021
Inflation .
Article Inflation is always and everywhere ...
June 11 2021

But what creates and drives it is what matters for the markets.

June 11 2021
Equity .
Article Rising energy prices pace CPI surge
June 11 2021

Supply and demand in the oil market contributing to inflation.

July 9 2021
Inflation .
Article What's (not) up with long-term yields?
June 8 2021

They continue to confound as growth surges and prices accelerate.

June 4 2021
Markets/Economy .
Article Need more clarity
June 7 2021

Weekly Bond Commentary

June 4 2021
Markets/Economy .
Article Fed calling the shots, for now
June 7 2021

Weekly Cash Commentary

June 22 2021
Equity .
Article Free lunches, policy errors and the secular bull
June 4 2021

For now, the bull is fine. But we're monitoring for potential longer-term health issues.

June 4 2021
Markets/Economy .
Article Delayed gratification
June 4 2021

The labor market recovery is tantalizingly close, but not here yet.

June 4 2021
Politics .
Article '9-1-1: What is your emergency?'
June 4 2021

The unelected, nonpartisan Senate parliamentarian may be the most important person in D.C.

June 2 2021
Markets/Economy .
Article Spikes versus trends
June 1 2021

Weekly Bond Commentary

June 2 2021
Markets/Economy .
Article Noisy data
June 1 2021

Weekly Cash Commentary

June 21 2021
Liquidity .
Article A temporary dilemma
June 1 2021

The Fed's view of 'transitory' might be too long.

May 28 2021
Inflation .
Article If inflation is such a problem ...
May 28 2021

Why are bond yields range-bound?

June 1 2021
International/Global .
Article Send the word over there
May 25 2021

The recovery is coming to Europe. Latin America may be next.

May 21 2021
Markets/Economy .
Article Is inflation rearing its ugly head, or not?
May 24 2021

Weekly Bond Commentary

May 21 2021
Markets/Economy .
Article Burying the lead
May 24 2021

Weekly Cash Commentary

June 22 2021
Markets/Economy .
Article Whistling past the inflation graveyard
May 21 2021

Prices might be stickier than the Fed thinks.

June 8 2021
Equity .
Article What have you done for me lately?
May 21 2021

Perhaps a market hung up on stimulus should appreciate what it has.

May 19 2021
Active Management .
Article Why we're (still) positive on biotech
May 19 2021

While its performance is currently on pause, this sector's innovation is unstoppable.

June 4 2021
Fixed Income .
Article High-yield fundamentals remain solid
May 18 2021

Asset class continues to offer investors favorable relative returns.

May 17 2021
Markets/Economy .
Article No one said this was going to be easy
May 17 2021

Weekly Bond Commentary

May 17 2021
Markets/Economy .
Article Slugging it out
May 17 2021

Weekly Cash Commentary

April 5 2021
Markets/Economy .
Article Lots of news, little action in Q1
April 5 2021

Weekly Cash Commentary