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March 15 2023
Fixed Income .
Article This is not 2008

March 15 2023

But banking issues brought to the fore this week are discomforting.

March 15 2023
Liquidity .
Article Next steps
March 14 2023

The Fed’s response to the collapse of SVB puts pressure on the Treasury and the FOMC decision next week.

March 13 2023
Equity .
Article It's back to the middle syllable of e-CON-omy
March 13 2023

Weakening confidence should give Fed the slowdown it wanted.

March 13 2023
Markets/Economy .
Article Drama upstaged
March 13 2023

Weekly Cash Commentary

March 10 2023
Markets/Economy .
Article No clarity
March 13 2023

Weekly Bond Commentary

March 10 2023
Equity .
Article Drumbeat
March 10 2023

The beats (hawkish Fed, strong jobs, surprise bank failure) keep coming.

March 10 2023
Markets/Economy .
Article Robust jobs report puts air under wings of Fed hawks
March 10 2023

The still hot labor market all but ensures the Federal Reserve stays aggressive.

March 15 2023
Equity .
Article 10 things that are 'different this time'
March 10 2023

Standard models and frameworks are less useful in rocky landings.

March 3 2023
Markets/Economy .
Article Inflation, and rate expectations inching up
March 6 2023

Weekly Bond Commentary

March 3 2023
Markets/Economy .
Article Pendulum swings too far yet again
March 6 2023

Weekly Cash Commentary

March 3 2023
Equity .
Article Mr. and Mrs. Federated Hermes
March 3 2023

As Linda discusses inflationary '70s, a guest wonders if the Mister is with her.

March 3 2023
Markets/Economy .
Article Dr. Jekyll and Mr. Market
March 3 2023

U.S. equity and fixed-income markets are pointing in different directions.

March 1 2023
Liquidity .
Article Coming to terms
March 1 2023

Investors have begrudgingly capitulated to a still-hawkish Fed.

February 24 2023
Markets/Economy .
Article The long view
February 27 2023

Weekly Bond Commentary

February 24 2023
Markets/Economy .
Article Haunting words
February 27 2023

Weekly Cash Commentary

February 24 2023
Markets/Economy .
Article No end in sight
February 24 2023

The tragic Russia/Ukraine war could keep energy prices and inflation elevated.

February 28 2023
Equity .
Article Fifteen thousand dollars for a divorce? LOL!
February 24 2023

As long as Americans keep spending, higher for longer may rule the day.

February 23 2023
International/Global .
Article More of the same
February 24 2023

The global economic picture is setting up to look a lot like last year's.

March 9 2023
Equity .
Article Ukraine a year later: The war and markets still enduring a rocky landing
February 23 2023

The only good news is both seem much closer to a better future.

February 21 2023
International/Global .
Article Why the EM run has legs
February 22 2023

It starts with China. Other forces also are at work.

February 21 2023
Markets/Economy .
Article Hindsight is 50-50
February 21 2023

Weekly Cash Commentary

February 21 2023
Markets/Economy .
Article Slower descent
February 21 2023

Weekly Bond Commentary

February 17 2023
Equity .
Article Retail sales rebound strongly in January
February 17 2023

Combined with persistent inflation, Fed likely to remain vigilant.

February 17 2023
Equity .
Article They called 'peak inflation' 3 times in the '70s. Just saying.
February 17 2023

Inflation, consumer strength move bonds closer to the Fed. Stocks still keeping some distance.

February 13 2023
Markets/Economy .
Article Fed hawks still circling
February 13 2023

Weekly Bond Commentary

February 13 2023
Markets/Economy .
Article This baffling economy
February 13 2023

Weekly Cash Commentary

February 13 2023
Equity .
Article 'Your Uber driver gave you a kiss goodbye!'
February 10 2023

Audiences pondered this market, and Linda's chauffeur, in her travels this week.

February 9 2023
Markets/Economy .
Article A barbell year
February 9 2023

Fundamentals suggest stocks could correct in the coming months before rallying into year-end.

February 8 2023
Fixed Income .
Article It's an 'on the one hand, on the other' economy
February 8 2023

And that's creating challenges for fixed-income positioning.

February 23 2023
Equity .
Article 'Goldilocks' is a bit generous
February 7 2023

We're probably not yet at a "just right" stage for stocks, especially of the growth variety.

February 3 2023
Markets/Economy .
Article Fuel for the fire
February 6 2023

Weekly Cash Commentary

February 3 2023
Markets/Economy .
Article Hot jobs report supports Powell's view
February 6 2023

Weekly Bond Commentary

February 3 2023
Markets/Economy .
Article Blowout jobs report
February 6 2023

The surge of hires in January likely keeps the Fed in hawk mode.

February 7 2023
Equity .
Article Mixed messages
February 3 2023

Bulls looking past the crosscurrents … for now.

February 21 2023
Liquidity .
Article Yield curveball
February 2 2023

The market is dismissing the Fed's determination to defeat inflation.

January 30 2023
Markets/Economy .
Article Cooling down
January 30 2023

The fact that inflation is falling puts the Federal Reserve in a delicate position.

January 30 2023
Markets/Economy .
Article Facing the facts
January 30 2023

It seems the Federal Reserve hikes in 2022 have not been fully priced into the economy.

January 27 2023
Markets/Economy .
Article Inventory surge boosts fourth-quarter GDP
January 27 2023

Decent headline gross domestic product growth belies weakness in several core components.

January 27 2023
Equity .
Article There's no clear path
January 27 2023

Can the equity rally survive deteriorating fundamentals, a tight-as-a-drum job market and inverted yield curve?

January 27 2023
Fixed Income .
Article Be on the lookout
January 26 2023

An improved high-yield asset class might not flash the same signs for reentry as in past economic downturns.

January 23 2023
Markets/Economy .
Article The value of a quarter
January 23 2023

Whether the Federal Reserve goes with a 25 or 50 basis-point hike next week might not impact the terminal rate.

January 23 2023
Markets/Economy .
Article Mixed signals
January 23 2023

The economy continues to flash contradictory signs about how it is responding to the Fed’s tightening campaign.

January 20 2023
2023 Outlook .
Podcast Themes, forecasts and pockets of value


January 20 2023

Persistent inflation and the Fed’s efforts to fight it will lead to a mild recession, but investors can find opportunities across equity, fixed income and cash.

February 2 2023
Politics .
Article Dysfunction that knows no limits
January 20 2023

Rancor aside, with ‘extraordinary measures’ the debate over the U.S. debt limit has time to be resolved.

January 27 2023
Equity .
Article This is a marathon
January 20 2023

In volatile markets, stock picking and picking your spots may offer investors the best options for returns.

January 17 2023
Markets/Economy .
Article What's a central bank to do?
January 17 2023

Weekly Cash Commentary

January 17 2023
Markets/Economy .
Article Sunny side up?
January 17 2023

Weekly Bond Commentary

January 17 2023
Markets/Economy .
Article Best case scenario
January 17 2023

Inflation cooling but labor market remains healthy.

February 21 2023
2023 Outlook .
Article The waiting game
January 17 2023

2022 was all about rates; this year is more nuanced.

January 27 2023
2023 Outlook .
Article What happened? What's going to happen?
January 12 2023

2022 was tough. 2023 will have its challenges but be perched for opportunities.

January 11 2023
Markets/Economy .
Article Stock market seasonals flashing green
January 11 2023

Two market indicators suggest equities could enjoy a better year. 

February 7 2023
2023 Outlook .
Article The other side of zero
January 11 2023

Modestly more constructive on stocks as rocky landing approaches final phase.

January 11 2023
2023 Outlook .
Article Opportunities in the aftermath
January 11 2023

Three things to watch in 2023.

January 5 2023
Markets/Economy .
Article Economy taking its sweet time
January 9 2023

Weekly Bond Commentary

January 5 2023
Markets/Economy .
Article On the road
January 9 2023

Weekly Cash Commentary

January 6 2023
Equity .
Article 1.4 trillion dollars is a lot!
January 6 2023

A flush consumer could make for a slow-cession instead of a recession.

January 6 2023
Equity .
Podcast Small but mighty


January 6 2023

Opportunities can be found in small-cap markets.

January 5 2023
Markets/Economy .
Article Goldilocks jobs report
January 6 2023

But the ISM services decline was a bigger story.

January 20 2023
2023 Outlook .
Article Spring is coming (but may be late)
January 5 2023

Three things to watch in 2023.

January 17 2023
2023 Outlook .
Article Potholes remain, but bonds headed in right direction
January 5 2023

Three things to watch in 2023.

December 29 2022
Markets/Economy .
Article Good riddance
January 3 2023

Weekly Bond Commentary

December 29 2022
Markets/Economy .
Article Crazy, but good year for liquidity
January 3 2023

Weekly Cash Commentary

January 11 2023
2023 Outlook .
Article Sweet spot
December 29 2022

Three things to watch in 2023.

January 10 2023
2023 Outlook .
Article Might 3% become the new 2%?
December 29 2022

Looks like 3 decades of disinflation are coming to an end.

December 22 2022
2023 Outlook .
Article A gloomy winter
December 29 2022

Three things to watch in 2023.

December 28 2022
2023 Outlook .
Article Bonds are back
December 28 2022

Three things to watch in 2023.

December 15 2022
Markets/Economy .
Article Inflation still high on everyone's, and Fed's, mind
December 19 2022

Weekly Cash Commentary

December 15 2022
Markets/Economy .
Article Markets have much to consider over holiday break
December 19 2022

Weekly Bond Commentary

January 10 2023
2023 Outlook .
Article Caught between a rock and a hard place
December 19 2022

An earnings and Fed Catch-22 could keep S&P range-bound for coming months.

December 15 2022
Markets/Economy .
Article Holiday spending slows
December 15 2022

Consumers are showing restraint amid still-high inflation.

December 15 2022
Monetary Policy .
Article Disconnect
December 14 2022

The Fed pushes back against market expectations.

January 4 2023
2023 Outlook .
Article Nothing lasts forever
December 13 2022

Three things to watch in 2023.

December 9 2022
Markets/Economy .
Article Big week ahead
December 12 2022

Weekly Bond Commentary

December 9 2022
Markets/Economy .
Article It's all relative
December 12 2022

Weekly Cash Commentary

December 8 2022
Equity .
Article No more glorious place than Phoenix this time of year
December 8 2022

A quick visit lifted spirits. Will Santa do the same for the markets?

December 7 2022
Markets/Economy .
Podcast Is recession around the corner?
December 7 2022

Silvia Dall’Angelo, Donald Ellenberger and Steve Chiavarone discuss global inflation and whether the markets have already priced in a recession. 

December 8 2022
Monetary Policy .
Article Fed is getting what it wants for the holidays
December 6 2022

The U.S. economy is slowing across the board.

December 5 2022
Markets/Economy .
Article Perplexing Powell
December 5 2022

Weekly Cash Commentary

December 2 2022
Markets/Economy .
Article Lingering labor market strength
December 2 2022

The Fed can't like the strong job growth and surge in wages in November.

December 2 2022
Equity .
Article If you think that's Jerome playing Santa Claus ...
December 2 2022

You have to ask: is he here to hurt or help?

November 30 2022
Monetary Policy .
Article Just the facts
December 1 2022

FOMC voters must stick to the data to make their next decision on rates.

November 30 2022
Markets/Economy .
Article The case for munis
November 30 2022

Municipal securities have much to offer if the economy slows.

December 21 2022
Equity .
Article 'To V or not to V is NOT the question'
November 29 2022

2023 outlook to us looks like more of the same as "rocky landing" proceeds.

November 28 2022
Markets/Economy .
Article Much to consider
November 28 2022

Weekly Cash Commentary

November 28 2022
Markets/Economy .
Article Glass (of eggnog) half full or half empty
November 28 2022

Weekly Bond Commentary

November 25 2022
Markets/Economy .
Article We need a little Thanksgiving
November 23 2022

But it's a lot more expensive this year.

December 13 2022
Equity .
Article Can you buy Junior too many presents?
November 23 2022

Not until the stimulus stockpile is gone. But what then?

November 21 2022
Equity .
Article Time to think small?
November 22 2022

Perhaps. But the focus should be on quality.

November 18 2022
Markets/Economy .
Article A slight difference of opinion
November 21 2022

Weekly Cash Commentary

November 18 2022
Markets/Economy .
Article Opposing views
November 21 2022

Weekly Bond Commentary

November 18 2022
Markets/Economy .
Article Winter is coming
November 18 2022

Mix shift in retail spending points to slower economic growth.

November 23 2022
Equity .
Article Not to be a grinch
November 18 2022

Many reasons for a rally but don't expect it to last.

November 29 2022
Markets/Economy .
Article Resist the temptation
November 17 2022

Wide corporate bond spreads are enticing, but the time to add to credit sectors hasn't come yet.

November 11 2022
Markets/Economy .
Article Less bad
November 14 2022

Weekly Bond Commentary

November 11 2022
Markets/Economy .
Article A disconnect
November 14 2022

Weekly Cash Commentary

November 21 2022
Markets/Economy .
Article Red ripple
November 11 2022

Republicans fail to achieve expected midterm election gains.

November 16 2022
Equity .
Article The extremes lost Tuesday night
November 11 2022

Maybe everyone, including markets, could use a little boring.

November 29 2022
International/Global .
Article Is China investable?
November 7 2022

Yes, but recent actions have raised the risk.

November 7 2022
Markets/Economy .
Article 180 degrees
November 7 2022

Weekly Bond Commentary

November 7 2022
Markets/Economy .
Article Lag and letdown
November 7 2022

Weekly Cash Commentary

November 7 2022
Markets/Economy .
Article October jobs report a mixed bag
November 7 2022

Solid week of employment data keeps Fed aggressive.

November 11 2022
Equity .
Article Last year's transitory is this year's pivot
November 4 2022

And it doesn't look like the Fed is planning one anytime soon.

November 1 2022
Monetary Policy .
Article Not so fast
November 2 2022

Fed Chair Powell indicates the pace of hikes is not as crucial as arriving at the right place.

November 29 2022
Equity .
Article Even rocky landings can have big bounces
November 1 2022

Remaining defensive as 2023 consensus on earnings and Fed remains too optimistic.

October 31 2022
Markets/Economy .
Article Consumers haven't soured
October 31 2022

Weekly Bond Commentary

October 31 2022
Markets/Economy .
Article Frightening inflation
October 31 2022

Weekly Cash Commentary

November 8 2022
Monetary Policy .
Article The good old days
October 31 2022

Money market yields have returned to pre-GFC levels.

October 31 2022
Markets/Economy .
Article Calm before the storm
October 31 2022

Positive Q3 GDP growth provides a respite.

October 28 2022
Equity .
Article Overstand, not understand
October 28 2022

Consider the big picture when assessing markets ... and life.

October 24 2022
Markets/Economy .
Article Job market is as stubborn as inflation
October 24 2022

Weekly Cash Commentary

October 21 2022
Markets/Economy .
Article Up and down
October 24 2022

Weekly Bond Commentary

October 21 2022
Markets/Economy .
Article Bird of prey
October 21 2022

Hawkish Fed prompts us to lower our GDP growth estimates.

October 26 2022
Equity .
Article Markets like gridlock
October 21 2022

And they may get it as midterms seem to be trending the GOP's way.

October 18 2022
Fixed Income .
Article Too soon to add to high yield
October 18 2022

As they bide their time, investors should focus on strengthening portfolios.

October 18 2022
Markets/Economy .
Article Slow to rise; slow to fall
October 17 2022

Weekly Cash Commentary

October 18 2022
Markets/Economy .
Article Core CPI creeps up
October 17 2022

Weekly Bond Commentary

October 17 2022
Markets/Economy .
Article Hope is not a process
October 17 2022

Investors bracing for a challenging third-quarter earnings season.

October 18 2022
Equity .
Article Time heals all wounds
October 14 2022

This market has been in a bad place for some time.

November 1 2022
Fixed Income .
Article Bond clouds starting to part
October 12 2022

With peak yields in sight, better times may be too.

November 1 2022
Equity .
Article Straight Fs
October 11 2022

Everything we thought might go wrong at start of the year, has.

October 10 2022
Markets/Economy .
Article Good news for those who like bad news
October 10 2022

Weekly Cash Commentary

October 10 2022
Markets/Economy .
Article Job gains likely force Fed's hands
October 10 2022

Weekly Bond Commentary

October 11 2022
Markets/Economy .
Article Ghosts and shadows
October 7 2022

Whether or not this bear market survives October, investors will face an unnerving environment.

October 7 2022
Equity .
Article Ten dollars for a dozen eggs
October 7 2022

The sun's not the only thing that's hot in Hawaii these days.

October 3 2022
Markets/Economy .
Article Still hot labor market fuels spending
October 3 2022

Weekly Bond Commentary

October 3 2022
Markets/Economy .
Article Consumers still spending
October 3 2022

Weekly Cash Commentary

October 24 2022
Monetary Policy .
Article D.I.Y.
October 3 2022

Fed projections are less useful these days.

October 3 2022
Equity .
Article Will the economy drive midterm elections?
October 3 2022

Or will social policy issues keep it close?

October 3 2022
Equity .
Article Trouble in paradise
September 30 2022

Disasters all over have markets on edge.

September 23 2022
Markets/Economy .
Article Horizon of hikes
September 26 2022

Monthly Cash Commentary

September 23 2022
Markets/Economy .
Article Not taking the news well
September 26 2022

Weekly Bond Commentary

September 23 2022
Equity .
Article Ditto
September 23 2022

Fed Chair Powell reiterates hawkish Jackson Hole message.

November 8 2022
Equity .
Article There's no place like home
September 23 2022

Investors seeking shelter from stormy markets.

September 16 2022
Markets/Economy .
Article A rotten Core
September 19 2022

Weekly Cash Commentary

September 16 2022
Markets/Economy .
Article Waiting for the other shoe to drop
September 19 2022

Weekly Bond Commentary

September 19 2022
Markets/Economy .
Article Consumer spending slows
September 19 2022

Control results weak, but school shopping solid.

October 11 2022
Equity .
Article The anvil that could be coming
September 16 2022

How much corporate earnings fall could determine where the market bottoms.

September 16 2022
Equity .
Article 70 is the new 50
September 16 2022

Amid this week's chaos, good vibes in visits to Atlanta and Nashville. 

September 9 2022
Markets/Economy .
Article 'Pick-A-Little Talk-A-Little'
September 12 2022

Weekly Cash Commentary

September 9 2022
Markets/Economy .
Article Adding color
September 12 2022

Weekly Bond Commentary

October 11 2022
Markets/Economy .
Article Don't fight this Fed
September 12 2022

Higher, sooner and longer for these hawkish policymakers.

September 13 2022
Equity .
Article She rocked those hats!
September 9 2022

Queen Elizabeth II was a constant in a world of turmoil. 

September 7 2022
Equity .
Article Will biotech's bounce last?
September 7 2022

There are reasons to think it might.

September 2 2022
Markets/Economy .
Article Powell might have to start shouting
September 6 2022

Weekly Cash Commentary

September 2 2022
Markets/Economy .
Article The labor market is not complying
September 6 2022

Weekly Bond Commentary

September 2 2022
Equity .
Article A slower pace
September 2 2022

Perhaps Wall Street can take a cue from Main Street and just chill.

September 2 2022
Markets/Economy .
Article Mixed picture for August employment
September 2 2022

Relatively healthy jobs report keeps Fed hiking rates.

September 16 2022
International/Global .
Article Why country matters
September 1 2022

Global investment decisions often start at the top.

October 3 2022
Liquidity .
Article The place to be
September 1 2022

 Cash has become a compelling asset class.

August 26 2022
Markets/Economy .
Article Roping inflation
August 29 2022

Weekly Cash Commentary

August 26 2022
Markets/Economy .
Article Fed renews its vows in Jackson Hole
August 29 2022

Weekly Bond Commentary

August 26 2022
Monetary Policy .
Article Hawkish Powell roils markets
August 26 2022

Fed Chair uses Jackson Hole keynote to reset investor expectations. 

August 26 2022
Equity .
Article 'Now I understand why Dad was always in a bad mood'
August 26 2022

'70s stagflation made many people grumpy, which is why no one wants a repeat.

September 6 2022
Equity .
Article Summer's almost over
August 22 2022

And with it, the rally in stocks is likely ending, too.

August 22 2022
Markets/Economy .
Article Wrestling with inflation
August 22 2022

Weekly Bond Commentary

August 22 2022
Markets/Economy .
Article Minutes show FOMC's tough talk softening
August 22 2022

Weekly Cash Commentary

August 19 2022
Equity .
Article Chill in 'Emerald City'
August 19 2022

Bears and bulls facing off on what the Fed may do.

August 22 2022
Politics .
Article What will voters think of the Inflation Reduction Act?
August 16 2022

Their answers could play a big role in midterm elections.

August 12 2022
Markets/Economy .
Article Waiting to exhale
August 15 2022

Weekly Bond Commentary

August 12 2022
Markets/Economy .
Article Beyond the headline
August 15 2022

Weekly Cash Commentary

August 16 2022
Equity .
Article You've got to ask yourself one question
August 12 2022

A lot is riding on a Fed pivot.

December 6 2022
Markets/Economy .
Article Political hot potato
August 9 2022

What will the White House do with student debt?

August 8 2022
Markets/Economy .
Article The Fed on the balance beam
August 8 2022

Weekly Cash Commentary

August 8 2022
Markets/Economy .
Article Conundrum
August 8 2022

Weekly Bond Commentary

August 5 2022
Markets/Economy .
Article Good news is bad news
August 5 2022

Hot July jobs report keeps Fed on warpath against inflation.

September 6 2022
Inflation .
Article Against the wind
August 5 2022

Continuing rally hopes face structural inflation headwinds.

August 4 2022
Equity .
Podcast Revenge of the boring


August 4 2022

Seeking opportunities amid volatility.

July 29 2022
Markets/Economy .
Article The Fed's plate is full
August 1 2022

Weekly Bond Commentary

July 29 2022
Markets/Economy .
Article Large numbers and tall mountains
August 1 2022

Weekly Cash Commentary

September 1 2022
Liquidity .
Article See you in September
August 1 2022

Next month will mark a half-year of hikes, time enough to evaluate their impact.

November 8 2022
Markets/Economy .
Article We're not in a recession...yet
July 29 2022

But high inflation and Fed tightening are taking us closer.

November 8 2022
Equity .
Article Wanna change the subject?
July 29 2022

Uncertainties casting doubt on the rally.

July 27 2022
Monetary Policy .
Article Another big swing
July 27 2022

The Fed raises interest rates by 0.75% for the second month in a row.

July 25 2022
Markets/Economy .
Article Hawks taking flight
July 25 2022

Weekly Bond Commentary

July 25 2022
Markets/Economy .
Article Not so negative anymore
July 25 2022

Weekly Cash Commentary

October 20 2022
Markets/Economy .
Article U.S. electric vehicle progress: more tortoise than hare?
July 25 2022

Battery technology, charging stations, safety and costs among key issues.

July 29 2022
Equity .
Article Thor versus Loki
July 22 2022

It's inflation versus recession with the Fed in the starring role.

July 22 2022
Monetary Policy .
Article Hawkish Fed argues for keeping defense on the field
July 21 2022

Rising recession risk favors defensive dividend stocks, cash and Treasuries.

July 15 2022
Markets/Economy .
Article Alarming rise
July 18 2022

Weekly Bond Commentary

July 15 2022
Markets/Economy .
Article Looking to the past
July 18 2022

Weekly Cash Commentary

July 15 2022
Markets/Economy .
Article Sizzling
July 15 2022

Hot inflation, stagflation concerns, recession fears and a hawkish Fed.

July 14 2022
Equity .
Podcast 40 years on Wall Street

July 14 2022

Investment and life lessons from Stephen Auth.

August 22 2022
Fixed Income .
Article Stay tuned, stay nimble
July 14 2022

After years of playing defense, it's time to think offense.

July 29 2022
Equity .
Article 'I mean, it's one banana. What could it cost? Ten dollars?'
July 14 2022

Inflation and recession face off as the market weighs which is worse.

July 11 2022
Markets/Economy .
Article Sweating the numbers
July 11 2022

Weekly Bond Commentary

July 11 2022
Markets/Economy .
Article Between a rock and a hard place
July 11 2022

Weekly Cash Commentary

July 11 2022
Markets/Economy .
Article June jobs report a mixed bag
July 8 2022

Fed on track for a 0.75% hike in late July.

July 8 2022
Equity .
Article Malaise
July 8 2022

Markets might be setting up for '70s' era modest returns.

July 5 2022
Markets/Economy .
Article Recession worries increase
July 5 2022

Weekly Bond Commentary

July 5 2022
Markets/Economy .
Article Moving on to Q3
July 5 2022

Weekly Cash Commentary

July 1 2022
Markets/Economy .
Article Worst equity returns in half a century
July 1 2022

And the storm might not be over.

July 1 2022
Equity .
Article The summer of our discontent
July 1 2022

Could it be setting investors up for a glorious winter?

July 1 2022
Liquidity .
Article Perpetual motion
July 1 2022

The Fed’s willingness to shift on volatile data makes rate expectations difficult.

August 1 2022
Equity .
Article Rocky landings easier to handle from a neutral corner
June 28 2022

Selling equities into rally as outlook for 'Rocky Landing' grows more likely.

July 14 2022
International/Global .
Article Look to the East
June 28 2022

Our international team sees opportunity in China, Asia.

June 24 2022
Markets/Economy .
Article Hot mic
June 27 2022

Weekly Cash Commentary

June 24 2022
Markets/Economy .
Article Tempest in a teapot, or a true shift?
June 27 2022

Weekly Bond Commentary

October 20 2022
Markets/Economy .
Article Collateral damage
June 24 2022

Fed policy shift should cool the housing market.

June 23 2022
Inflation .
Article There will be pain
June 22 2022

Unfortunately for workers, wage inflation at heart of Fed tightening.

June 17 2022
Markets/Economy .
Article Speed climbing
June 21 2022

Weekly Cash Commentary

June 17 2022
Markets/Economy .
Article Economy slows as Fed quickens
June 21 2022

Weekly Bond Commentary

June 17 2022
Markets/Economy .
Article Power up
June 17 2022

Nuclear could see a resurgence as world turns to cleaner energy.

October 20 2022
Equity .
Article This too shall pass
June 17 2022

Markets are adjusting to the new Fed regime.

June 15 2022
Monetary Policy .
Article Since you offered
June 15 2022

The market’s late shift in expectations gave the Fed the opportunity for a 0.75% hike.

June 28 2022
Equity .
Article Risk-reward on stocks edging into balance
June 14 2022

Nearing level to leg back in but staying defensive as Fed attempts 'rocky landing.'

June 13 2022
Markets/Economy .
Article How will the Fed interpret high inflation?
June 13 2022

Weekly Cash Commentary

June 13 2022
Markets/Economy .
Article CPI, claims and confidence
June 13 2022

Weekly Bond Commentary

June 10 2022
Markets/Economy .
Article Passing the buck on inflation
June 10 2022

Consumer Price Index surges to a new 40-year high.

June 10 2022
Equity .
Article Genteel and a survivor
June 10 2022

Helpful qualities in a market that's distributing so much pain.

June 10 2022
Active Management .
Article Defense still rules in this market
June 10 2022

Fed should give investors no reason to stray from short-duration, value strategies.

June 6 2022
Markets/Economy .
Article Hot potatoes
June 6 2022

Weekly Bond Commentary

June 6 2022
Markets/Economy .
Article The rollout of the rolloff
June 6 2022

Weekly Cash Commentary

June 3 2022
Equity .
Article I'm a glass half-full kind of girl
June 3 2022

Contradictory data offers something for optimists and pessimists.

June 6 2022
Markets/Economy .
Article Labor market begins to retrench
June 3 2022

Fed remains on track for more half-point hikes.

June 1 2022
Fixed Income .
Article Where do yields go from here?
June 1 2022

Up, but until there is more clarity, maybe not much.

June 28 2022
Liquidity .
Article Ear to the ground
June 1 2022

The Fed must rely on the data and not its policy framework to curb inflation.

May 27 2022
Markets/Economy .
Article The roller coaster ride continues
May 31 2022

Weekly Bond Commentary

May 27 2022
Markets/Economy .
Article Looking forward to summer
May 31 2022

Weekly Cash Commentary

May 27 2022
Equity .
Article Are you a 'Have' or 'Have-not?'
May 27 2022

Consumers powered the recovery and markets. Will they hold up? 

May 26 2022
Markets/Economy .
Article Economic slowdown
May 26 2022

Stagflation and recession risks growing.

June 13 2022
Equity .
Article Stay strong, but defensive
May 26 2022

A near-term bottom may be in sight.

May 23 2022
Markets/Economy .
Article Consumers, Fed undeterred
May 23 2022

Weekly Bond Commentary

May 23 2022
Markets/Economy .
Article The Fed has donned blinders
May 23 2022

Weekly Cash Commentary

May 20 2022
Markets/Economy .
Article Solid 'Mapril' retail sales
May 23 2022

No recession on the immediate horizon.

May 23 2022
Equity .
Article Won't anyone go shopping with me?
May 20 2022

Consumers may hold the key to whether it's a recession or "softish" landing. 

June 28 2022
Equity .
Article Will this madness ever end?
May 18 2022

It will (it always has). Growth investors need to be ready.

May 16 2022
Markets/Economy .
Article The inflation blues
May 16 2022

Weekly Bond Commentary

May 16 2022
Markets/Economy .
Article Welcome aboard, Mr. Powell
May 16 2022

Weekly Cash Commentary

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 26 2022
Equity .
Article Hold the fort
May 11 2022

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

December 7 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 A seat at the table
April 25 2022

Weekly Cash Commentary

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

Weekly Bond 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.

December 7 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.

December 7 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

December 7 2022
Equity .
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 A hike and then some
March 21 2022

Weekly Cash Commentary

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

Weekly Bond 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.

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

Weekly Cash Commentary