The U.S. should ramp up energy production.
Cash tops shopping list but other possibilities starting to look promising.
Our bias is to add to risk. We’re just not there … yet.
War-driven food crisis could spawn destabilizing uprisings all over.
Weekly Bond Commentary
Weekly Cash Commentary
Is the labor market slowing?
Unrelenting demand presents challenges as Fed seeks to unwind price pressures.
Fed still on track for a half-point hike.
Washington policies helped to create runaway inflation.
Russia’s invasion, higher energy costs, soaring inflation, hawkish Fed…
Inflation that moderates but stays elevated can be a problem.
Bonds wrestle with pricing Fed, war and inflation outcomes.
The only question for investors: at what cost?
A host of negative factors could end the recent rally.
Year-end S&P forecasts for 2022 and 2023 lowered to 4,800 and 5,100.
Fed on pace for half-point hike in May.
Russia-Ukraine conflict taking its toll.
R.J. Gallo, Susan Hill and Phil Orlando weigh in on the latest Fed action and inflation expectations.
Still cautiously favoring equities as unpredictable Putin plays under his own rules.
The U.S. must pursue a dual-track energy policy.
Greenspan supported U.S. markets. Now it's President Xi Jinping's turn in China.
It may feel similar, but the differences are many.
But is the equity rally a head fake?
Like the NCAA tourney, uncertainty reigns in markets.
Facing inflation and other market headwinds, defensive dividend-paying stocks may offer some protection.
Hard to call a bottom when investor fear is missing.
Scenarios vary but on a 12-month view, stocks should be higher from here.
Health-care innovation continues to accelerate.
Ukraine, energy, inflation and Fed driving markets.
Second consecutive sharp gain puts Fed on track to hike.
Germany's vow to ramp up military spending is a long-term game-changer
Is the market putting in a bottom on peak everything?
The Ukraine situation likely accelerates recent sell-off.
Its offense (dividends) and defense (lower multiples) play well in current environment.
Holiday sales were surprisingly robust
A better back-half looms for equity investors. Getting there could be rocky.
Shortages shed light on role of microchips in unlocking information's value.
Fed must juggle inflation versus recession risks.
Midterm election years are particularly challenging.
The sector continues to lead through broader market turmoil.
The labor market ignored omicron and winter weather in January.
Megatrends and secular shifts continue to create long-term opportunities.
If there's no recession in sight, stay bullish.
The long wait is over.
Inflation spiking while job growth and consumer spending have slowed.
Our outlook across asset classes.
Fortune favors companies that can pass on cost increases.
Ratings upgrades and rebounding economy create favorable backdrop.
And if it does, the world becomes a more dangerous place for investors.
It's all about inflation expectations.
New year presents new opportunities across sectors.
Three things to watch in 2022.
Two early-year stock market indicators point in different directions.
Fed tightening and evaporating fiscal stimulus should make for a bumpy road.
Fed poised to hike rates in March
Season is bright for retailers, despite headwinds.
Omicron is weighing on psyches, but not so much markets ... yet.
Omicron is a nonevent for the markets.
The omicron variant is driving the markets now.
Reiterating 4,800 and 5,300 '21 and '22 targets and value tilt
Americans using pocketbooks to fight back against Covid weariness.
The November jobs report's low headline number belies its internal strength.
Powell's nomination provides stability as uncertainty lingers.
Lots to be thankful for amid the divisiveness.
But Thanksgiving will be more expensive this year.
Market risks stay skewed to upside but inflation and possible policy errors lurk.
Were off-year results a wake-up call?
Robust spending and low delinquencies bode well for yields.
With inflation soaring and tapering starting, President Biden's choices for Fed seats are crucial.
It seems some may be earning plenty, for now, just trading crypto.
The infrastructure bill benefits municipalities and muni investors alike.
Popular meme seems perfect for this market.
Solid gains across the board in October.
The case for an active approach to the short end of the bond market.
The success of the Fed’s first taper gives us confidence it will work well again.
We see a variety of reasons for the pullback in Q3 GDP growth.
Market marches forward as Dems scale back.
Weely Cash Commentary
We could do without leisure suits (maybe) and stagflation (definitely).
Economy slows noticeably, while inflation remains elevated.
Still room to run, with a tilt toward cyclical companies with pricing power.
Aisle 3 is already sold out and it’s only October.
This is not the 1970s ... not even close.
Ships that stole Christmas
Stubbornly higher inflation doesn't mean the Fed's wrong ... yet.
Semiconductor shortage is an all-around positive for these asset-backed securities.
Bond market plods ahead amid looming uncertainties.
Job gains miss while wages soar.
And now for something completely different ...
Fiscal policy uncertainty adds to market volatility.
Like a fox. China knows what it's doing.
The arrival of favorable seasonality supports bullish forces.
Typically yes, but headwinds might diminish them.
3 sectors may help investors deal with market obstacles.
A near-term pullback could represent an opportunity for long-term investors.
Biden’s decision on Powell and others risks market volatility
A tax and spending bonanza looms.
The economy is slowing amid a host of headwinds.
Markets will be watching closely as the House speaker orchestrates reconciliation.
The August jobs report is a huge miss.
Brief summer lull didn't derail solid fundamentals.
Fed Chair Powell stuck to the script at the central bank symposium.
Policymakers likely want to see a few more developments before announcing it.
'Buy the dips' continues to be the prevailing philosophy.
And most important, who decides?
We see inflation as a sustainable trend.
Like a quality stock, I can count on these fabulous shoes.
Can the pattern hold?
If everyone expects a pullback, maybe it doesn't come.
Will free college and absolving student loans make a difference?
Pursuit of returns fuels risk appetite and broader array of new issues.
Uncertainties linger when you dig into the weeds.
Stocks, for now, are looking past unknowns and seasonality.
Uncertainties and vacations may feed volatility but bull trend carries on.
Vaccinations are complicating students' return to campus.
After sentiment plummets, China appears keen to reassure investors.
Low supply across many sectors impaired GDP growth.
A higher-price regime can offer benefits.
With recession over, it's time to pare fiscal and monetary stimulus.
Seasonality and uncertainties are lurking.
Improving credit dynamics and rising demand make for solid 1-2 punch.
It's easy money all over despite rising inflation.
Inflation, debt ceiling, Covid-19 and politics are among the reasons.
Policy errors and Fed could pose problems later but it’s full steam ahead for now.
Bond market is priced, somewhat, for the Fed to get inflation right.
There are reasons it doesn't feel like a market on a roll.
The impact of the U.S. census on midterm elections and spending.
But underlying metrics are mixed.
Equity market's new highs mask issues lurking underneath.
Red-hot housing exposes a growing divide between buyers and builders.
A lot, perhaps. But the bipartisan package has to clear Congress first.
Goings-on in the sausage factory aren't bothering the markets.
As the central bank awakens to inflation risks, our policy-error fear fades.
After Covid, revising immigration policy is urgent.
America's back and the troubles are (arguably) fleeting ... in the nearer term.
The Fed's slight adjustments to overnight rates should have a big impact.
But what creates and drives it is what matters for the markets.
Supply and demand in the oil market contributing to inflation.
For now, the bull is fine. But we're monitoring for potential longer-term health issues.
The labor market recovery is tantalizingly close, but not here yet.
The unelected, nonpartisan Senate parliamentarian may be the most important person in D.C.
Why are bond yields range-bound?
The recovery is coming to Europe. Latin America may be next.
Prices might be stickier than the Fed thinks.
Perhaps a market hung up on stimulus should appreciate what it has.
While its performance is currently on pause, this sector's innovation is unstoppable.
Asset class continues to offer investors favorable relative returns.