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

Is the labor market slowing?

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

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 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

May 11 2022
Equity .
Article Revisionist history
April 22 2022

Washington policies helped to create runaway inflation.

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 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. 

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 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

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.

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 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

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

Weekly Cash Commentary

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

Weekly Bond Commentary

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

Is the market putting in a bottom on peak everything?

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

The Ukraine situation likely accelerates recent sell-off.

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 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 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

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.

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 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

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

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

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.

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

Weekly Cash Commentary

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

Weekly Bond 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 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
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.

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 Inflection point in growth?
October 4 2021

Weekly Bond Commentary

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

Weekly Cash 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.

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.

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

Low supply across many sectors impaired GDP growth.

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 Consumers waver
July 19 2021

Weekly Bond Commentary

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

Weekly Cash 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. 

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.

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.

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

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