Insights

8 minute read

A strong consumer and robust labor market aren't so fun for the Fed.

1 minute watch

Europe may have the momentum, valuation and growth to continue to outperform.

6 minute read

Inconsistent economic reports cloud the path of U.S. growth.

4 minute read

The bump in April retail sales belies a deceleration of consumer spending.

7 minute read

Might stocks offering 'growth at reasonable prices' provide refuge?

1 minute watch

While the markets seem to expect the Fed to reverse course, rates may stay higher for longer.

1 minute watch

Is the dollar's reserve currency status in danger?

8 minute read

Investors grow impatient waiting for the big downturn that may never fully come.

2 minute read

After one of the worst years ever for bonds, what might lure back investors who bailed?

6 minute read

The Fed may be done hiking, but its subsequent pause could last awhile.

8 minute read

That could determine if above- or below-average historical returns are likely.

3 minute watch

Expect a few diversions before reaching a debt-ceiling resolution.

5 minute read

Downside risks are rising in the current environment.

7 minute read

Barring the emergence of more bullish data, we expect the Fed to pause rate hikes this year.

3 minute read

Opportunities as varied as countries that fall under the emerging markets umbrella.

6 minute read

Looming risks make it hard to assess where markets go next.

2 minute read

The Fed raised rates again, but hinted it soon might be time to take a breather.

1 minute watch

Munis may see heightened demand this year.

4 minute read

What's behind the substantial rise in assets of money market vehicles?

6 minute read

GDP growth slows, but inflation remains elevated

5 minute read

With volatile markets ahead, stocks enter a period of limbo.

8 minute read

With so many mixed messages, no wonder investors are confused.

43 minute listen

Stubborn inflation, strong consumption data and a robust labor market are clouding the economy’s path.

1 minute watch

Bond markets are caught in a variety of crosswinds.

4 minute read

Is the debate much ado about nothing or a slow-moving train wreck?

8 minute read

Slower growth and stubborn inflation argue for patience and selectivity.

2 minute watch

Investors may find value in high-quality bonds.

7 minute read

We see GDP growth slowing over the balance of 2023.

7 minute read

Perils lurk but so does the potential for upside surprises.

5 minute read

Volatile markets can offer opportunities.

1 minute watch

Banking sector turmoil has raised recession risks.

7 minute read

Fed rate hikes finally may be starting to bite.

8 minute read

Mounting clues that the economy has reached a turning point.

7 minute read

Maintaining cautiously constructive stance amid confusing outlook.

3 minute read

As the global panic subsides, patient investors may find opportunities.

3 minute read

The Federal Reserve’s dual function as regulator and policy-setter has been on display.

5 minute read

Should investors buy the dips or sell the rips as we approach earnings season?

7 minute read

For as long as the economy is stronger for longer.

2 minute read

Evaluating nonfinancial factors contributing to the fall of Silicon Valley Bank.

6 minute read

Will the Federal Reserve pivot from its fight against inflation?

7 minute read

Not all regional banks are caught up in the turmoil. 

3 minute read

Fed Chair Powell made the case for another quarter-point hike amid the banking turmoil.

6 minute read

Simmering post-pandemic issues are raising the temperature.

2 minute read

Americans returning to pre-pandemic driving habits as gas prices come off the boil.

1 minute watch

Growth stocks typically do well in low-rate, low-growth environments.

8 minute read

Rapid rate increases exposing issues that were hidden when rates were low.

6 minute read

Silicon Valley Bank's 'Perfect Storm' unlikely to deter Fed.

3 minute read

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

6 minute read

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

6 minute read

Weakening confidence should give Fed the slowdown it wanted.

7 minute read

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

1 minute watch

In the IPO market, only the best business models survive.

2 minute read

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

12 minute read

Standard models and frameworks are less useful in rocky landings.

3 minute read

The recent pullback after a strong start to ’23 may be just a breather.

2 minute watch

The words of the day are “caution” and “patience.”

7 minute read

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

7 minute read

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

4 minute read

Investors have begrudgingly capitulated to a still-hawkish Fed.

3 minute read

Supply and demand dynamics are supporting the municipal bond market.

2 minute watch

As the Fed slows rate hikes, the ECB is staying the course.

6 minute read

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

7 minute read

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

1 minute watch

A varied macro-economic environment calls for a defensive strategy.

5 minute read

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

7 minute read

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

5 minute read

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

2 minute watch

A revived Chinese economy faces global opportunities and challenges.

5 minute read

Combined with persistent inflation, Fed likely to remain vigilant.

7 minute read

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

2 minute watch

The Fed may pause this year, but a pivot is unlikely.

3 minute watch

Europe may have dodged a recession, but a sobering picture could appear in 2024.

3 minute read

The economy is facing stronger headwinds than the markets realize.

2 minute read

Comparing the cost of becoming an adult across decades.

8 minute read

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

3 minute read

Signs suggest Europe’s economy might avoid a serious downturn.

6 minute read

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

3 minute read

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

5 minute read

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

7 minute read

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

7 minute read

Bulls looking past the crosscurrents … for now.

3 minute read

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

6 minute read

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

8 minute read

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

3 minute read

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.

2 minute read

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

8 minute read

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

Inflation cooling but labor market remains healthy.

5 minute read

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

7 minute read

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

Three things to watch in 2023.

5 minute read

Two market indicators suggest equities could enjoy a better year. 

7 minute read

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

Three things to watch in 2023.

8 minute read

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

Opportunities can be found in small-cap markets.

6 minute read

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.

8 minute read

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

Three things to watch in 2023.

Three things to watch in 2023.

4 minute read

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

2 minute read

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.

2 minute read

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?

45 minute listen

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

2 minute read

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.

2 minute read

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.