Insights

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

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

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

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.

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

Inflation cooling but labor market remains healthy.

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

Three things to watch in 2023.

Two market indicators suggest equities could enjoy a better year. 

Three things to watch in 2023.

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

Opportunities can be found in small-cap markets.

But the ISM services decline was a bigger story.

Three things to watch in 2023.

Three things to watch in 2023.

Three things to watch in 2023.

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

Three things to watch in 2023.

Three things to watch in 2023.

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

Amid recession fears and high inflation, seasonal hiring plunges.

Consumers are showing restraint amid still-high inflation.

The Fed pushes back against market expectations.

Three things to watch in 2023.

Pessimistic markets are pricing in low recovery conditions.

Three things to watch in 2023.

China may prioritize security in the global economy.

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

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

College costs have soared. 

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

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

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

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

Municipal securities have much to offer if the economy slows.

Potential recession is likely to be mild.

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

But it's a lot more expensive this year.

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

Emerging markets stayed strong during rate hikes.

Securities are flowing back into the marketplace.

Perhaps. But the focus should be on quality.

Mix shift in retail spending points to slower economic growth.

Money market funds reflect rate hikes.

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

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

Republicans fail to achieve expected midterm election gains.

Play it safe with cash until further clarity.

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

A weakening dollar and other trends bode well for EM debt.

Energy sector stays hot.

Yes, but recent actions have raised the risk.

Solid week of employment data keeps Fed aggressive.

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

Allow time before setting sail with international opportunities.

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

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

Money market yields have returned to pre-GFC levels.

Positive Q3 GDP growth provides a respite.

Investors may seek cover in value stocks.

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

Hawkish Fed prompts us to lower our GDP growth estimates.

Consumer staples come out on top.

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

How climbing rents keep inflation elevated.

Monetary policy may impact midterm rally.

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

Investors bracing for a challenging third-quarter earnings season.

Dividends hold up against volatility.

Use, duration and timeframe can diversify investments.

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

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

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

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

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

Numerous factors affect our outlook. 

Or will social policy issues keep it close?

Fed projections are less useful these days.

More warnings appear. 

Disasters all over have markets on edge.

Investors may feel winter chill in Europe.

Fed Chair Powell reiterates hawkish Jackson Hole message.

Investors seeking shelter from stormy markets.

Commodity based economies positioned to succeed.

With sharp increases in rates and projections, the Fed intends to guide the markets. 

Control results weak, but school shopping solid.

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

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

Impacts on the liquidity markets may flow slowly.

Higher, sooner and longer for these hawkish policymakers.

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

There are reasons to think it might.

Monetary policy works with a lag.

Fed rates expected to go longer and higher.

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

Relatively healthy jobs report keeps Fed hiking rates.

Global investment decisions often start at the top.

 Cash has become a compelling asset class.

The dollar has been on the rise. What’s the implication for U.S. investors?

Fed Chair uses Jackson Hole keynote to reset investor expectations. 

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

The housing market slowdown is a correction, not a crisis.

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

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

Risk assets remain on standby.

Their answers could play a big role in midterm elections.

A lot is riding on a Fed pivot.

Quantitative tightening puts pressure on risk assets.

What will the White House do with student debt?

Hot July jobs report keeps Fed on warpath against inflation.

Ways to position for the market ahead.

Continuing rally hopes face structural inflation headwinds.

Seeking opportunities amid volatility.

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

But high inflation and Fed tightening are taking us closer.

Uncertainties casting doubt on the rally.

How supply-chain issues have driven up values.

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

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

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

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

Investors may anticipate Fed actions.

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

Investment and life lessons from Stephen Auth.

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

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

Three reasons the dollar has reached parity with the euro. 

Finding opportunities in a rising-rate environment. 

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

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

Municipalities can build on tax revenues.

The real impacts come after the elections.

And the storm might not be over.

Could it be setting investors up for a glorious winter?

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

Where to turn when risk rates rise.

Consumers will play a large role in determining the depth of the global recession.

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

Our international team sees opportunity in China, Asia.

Patience and diversification are key.

Fed policy shift should cool the housing market.

Dividends have withstood market volatility.

What do the Fed and impact investing have in common?

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

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

Markets are adjusting to the new Fed regime.

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

Dividend-paying sectors have remained steady through good times and bad.

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

Can the Fed negotiate a soft landing?

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

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

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

Investors seek to reduce risk.

Watch for maximum hawkishness from the Fed.

Contradictory data offers something for optimists and pessimists.

Fed remains on track for more half-point hikes.

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

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

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

How do different generations manage their money?

Stagflation and recession risks growing.

A near-term bottom may be in sight.

No recession on the immediate horizon.

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

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

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.

The asset-backed securities market continues to shine.

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

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

Is the labor market slowing?

The Fed moves to curb inflation.

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

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

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

Fed still on track for a half-point hike.

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

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

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

Washington policies helped to create runaway inflation.

The stock market has historically viewed divided government favorably. 

5 reasons growth investors can take heart in 2022.

Demand for power continues to climb.

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

Inflation that moderates but stays elevated can be a problem.

Inflation likely to peak in 2022. 

Bonds wrestle with pricing Fed, war and inflation outcomes.  

The only question for investors: at what cost?