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Equity
January 21 2022
Equity . Markets/Economy .
Article Omicron soft patch
January 21 2022

Inflation spiking while job growth and consumer spending have slowed.

January 21 2022
2022 Outlook . Markets/Economy .
Podcast Themes to watch, forecasts and potential surprises in 2022 January 21 2022

Our outlook across asset classes.

January 21 2022
Equity . Markets/Economy .
Article Profit margins, an oasis in volatile markets
January 21 2022

Fortune favors companies that can pass on cost increases.

January 14 2022
Equity . Markets/Economy .
Article The key risk
January 14 2022

It's all about inflation expectations.

January 12 2022
Markets/Economy . Equity .
Article Batting .500
January 12 2022

Two early-year stock market indicators point in different directions.

January 7 2022
2022 Outlook . Equity .
Article Thinking green and biotech (and a little less inflation)
January 7 2022

Three things to watch in 2022.

January 7 2022
2022 Outlook . Equity .
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 . Markets/Economy .
Article Another jobs disconnect
January 7 2022

Fed poised to hike rates in March

January 5 2022
2022 Outlook . International/Global .
Article One country's pain is another's opportunity
January 5 2022

Three things to watch in 2022.

January 4 2022
2022 Outlook . Equity .
Article I'm going to need a bigger closet (dancing emoji)
December 27 2021

Three things to watch in 2022.

December 22 2021
Markets/Economy . Equity .
Article Good tidings for holiday spending
December 22 2021

Season is bright for retailers, despite headwinds.

December 17 2021
Equity . Markets/Economy .
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 . Markets/Economy .
Article Volatility on the horizon
December 16 2021

Three things to watch in 2022.

December 10 2021
Equity . Markets/Economy .
Article The boy who cried 'variant'
December 10 2021

Omicron is a nonevent for the markets.

December 7 2021
Markets/Economy . Equity .
Article Passing the Covid baton
December 7 2021

The omicron variant is driving the markets now.

December 17 2021
Equity . Markets/Economy .
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
Equity . Markets/Economy .
Article Revenge spend
December 3 2021

Americans using pocketbooks to fight back against Covid weariness.

December 3 2021
Markets/Economy . Equity .
Article A headscratcher
December 3 2021

The November jobs report's low headline number belies its internal strength. 

November 26 2021
Equity . Markets/Economy .
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 . Markets/Economy .
Article Life is getting back to normal
November 23 2021

But Thanksgiving will be more expensive this year.

December 17 2021
Equity . Markets/Economy .
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.

December 6 2021
Equity . Inflation .
Article Santa's got an 'everything rally' in his bag
November 19 2021

Earnings and solid fundamentals appear ready to spread some holiday cheer.

November 19 2021
Equity . Markets/Economy .
Article Election lessons learned
November 19 2021

Were off-year results a wake-up call?

November 12 2021
Markets/Economy . Equity .
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 . Markets/Economy .
Article Where are all the workers?
November 12 2021

It seems some may be earning plenty, for now, just trading crypto. 

November 23 2021
Inflation . Equity .
Article Inflation isn't killing the bull ... yet
November 10 2021

Companies with pricing power still offering potential.

November 5 2021
Equity . Inflation .
Article Buy in November and HODL
November 5 2021

Popular meme seems perfect for this market.

November 5 2021
Markets/Economy . Equity .
Article Labor market rebounds
November 5 2021

Solid gains across the board in October.

October 29 2021
Markets/Economy . Equity .
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 . Markets/Economy .
Article How do you suppose they became billionaires?
October 29 2021

Market marches forward as Dems scale back.

October 22 2021
Equity . Inflation .
Article The '70s. Good times, although...
October 22 2021

We could do without leisure suits (maybe) and stagflation (definitely).

October 22 2021
Markets/Economy . Equity .
Article Peak everything?
October 22 2021

Economy slows noticeably, while inflation remains elevated.

November 23 2021
Equity . Markets/Economy .
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 . Markets/Economy .
Article Attention holiday shoppers!
October 20 2021

Aisle 3 is already sold out and it’s only October.

October 15 2021
Equity . Markets/Economy .
Article Stagflation ... Pshaw!
October 15 2021

This is not the 1970s ... not even close.

October 15 2021
Markets/Economy . Equity .
Article Christmas in October?
October 15 2021

Ships that stole Christmas

October 8 2021
Markets/Economy . Equity .
Article Stagflation hits labor market in September
October 8 2021

Job gains miss while wages soar.

October 4 2021
Markets/Economy . Equity .
Article The future
October 6 2021

And now for something completely different ...

October 1 2021
Equity . Politics .
Article Washington's rough week
October 1 2021

Fiscal policy uncertainty adds to market volatility.

October 1 2021
International/Global . Equity .
Article Is Xi crazy?
October 1 2021

Like a fox. China knows what it's doing.

September 29 2021
International/Global . Equity .
Article What in the world is going on in China?
September 29 2021

Investors uncertain as country shifts from fighting poverty to fighting inequality.

September 24 2021
Equity . Markets/Economy .
Article The Wall of 'I'm Not Worried'
September 24 2021

The arrival of favorable seasonality supports bullish forces.

September 24 2021
Markets/Economy . Equity .
Article Will strong back-to-school sales continue into Christmas?
September 24 2021

Typically yes, but headwinds might diminish them.

October 8 2021
Equity . Markets/Economy .
Article Coping with the Wall of Worry

September 22 2021

3 sectors may help investors deal with market obstacles.

October 20 2021
Equity . Markets/Economy .
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 . Equity .
Article Should he stay or should he go?
September 17 2021

Biden’s decision on Powell and others risks market volatility

September 16 2021
Equity . Politics .
Article Delays ... don't you hate them?
September 16 2021

Dem plans for corporate tax hikes look favorable but there's a ways to go. 

September 10 2021
Politics . Equity .
Article You wanna bet on Joe?
September 10 2021

A tax and spending bonanza looms.

September 10 2021
Markets/Economy . Equity .
Article Could stagflation spark a correction?
September 10 2021

The economy is slowing amid a host of headwinds.

September 3 2021
Politics . Equity .
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 . Equity .
Article Labor Day blues
September 3 2021

The August jobs report is a huge miss.

August 27 2021
Markets/Economy . Equity .
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 . Markets/Economy .
Article Will nothing brake this market?!
August 27 2021

'Buy the dips' continues to be the prevailing philosophy.

August 23 2021
Markets/Economy . Equity .
Article The next wave of innovation: Are we ready and willing?
August 24 2021

And most important, who decides?

August 20 2021
Markets/Economy . Equity .
Article Maybe inflation is not transitory after all?
August 20 2021

We see inflation as a sustainable trend.

August 20 2021
Equity . Markets/Economy .
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 . Equity .
Article A solid first half for international equities
August 17 2021

Can the pattern hold?

August 13 2021
Equity . Markets/Economy .
Article Everything rallies
August 13 2021

If everyone expects a pullback, maybe it doesn't come.

August 9 2021
Markets/Economy . Equity .
Article Investing in education
August 10 2021

Will free college and absolving student loans make a difference?

August 9 2021
Equity . Active Management .
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 . Equity .
Article Great jobs headline, but ...
August 6 2021

Uncertainties linger when you dig into the weeds.

August 6 2021
Equity . Markets/Economy .
Article Vaccine panic
August 6 2021

Stocks, for now, are looking past unknowns and seasonality.

September 3 2021
Equity . Monetary Policy .
Article Heads I win, tails I win
August 4 2021

Uncertainties and vacations may feed volatility but bull trend carries on.

August 4 2021
Responsible Investing . Fixed Income .
Article Bonds can play a key role in ESG investing
August 4 2021

Holding debt can be an effective complement to owning stocks. 

August 9 2021
Equity . Markets/Economy .
Article To vax, or not to vax?
August 3 2021

Vaccinations are complicating students' return to campus.

August 20 2021
International/Global . Markets/Economy .
Article Gauging China's tech crackdown
August 2 2021

After sentiment plummets, China appears keen to reassure investors.

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

Low supply across many sectors impaired GDP growth.

July 23 2021
Equity . Inflation .
Article Inflection point
July 23 2021

With recession over, it's time to pare fiscal and monetary stimulus.

July 23 2021
Equity . Markets/Economy .
Article Don't be a hero
July 23 2021

Seasonality and uncertainties are lurking.

July 16 2021
Equity . Inflation .
Article Unprecedented unprecedented
July 16 2021

It's easy money all over despite rising inflation.

July 16 2021
Markets/Economy . Equity .
Article Perfect summer storm brewing?
July 16 2021

Inflation, debt ceiling, Covid-19 and politics are among the reasons. 

August 4 2021
Equity . Markets/Economy .
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.

July 9 2021
Equity . Markets/Economy .
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 . Equity .
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 . Equity .
Article Strong headline job gains
July 2 2021

But underlying metrics are mixed.

July 2 2021
Equity . Markets/Economy .
Article Beneath the surface
July 2 2021

Equity market's new highs mask issues lurking underneath.

June 30 2021
Markets/Economy . Equity .
Article Housing: A tale of two markets
July 1 2021

Red-hot housing exposes a growing divide between buyers and builders.

June 25 2021
Politics . Markets/Economy .
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 . Markets/Economy .
Article Ticktock, gridlock
June 25 2021

Goings-on in the sausage factory aren't bothering the markets.

June 23 2021
Inflation . Equity .
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.

July 13 2021
Inflation . Markets/Economy .
White Paper Inflation is here June 21 2021

What should investors do?

July 9 2021
Markets/Economy . Equity .
Article Are demographics economic destiny?
June 18 2021

After Covid, revising immigration policy is urgent.

June 18 2021
Inflation . Equity .
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 17 2021
Markets/Economy . Equity .
Video What to choose in a stock picker’s market?
June 17 2021

Quality cyclicals and dividend growers may be attractive options.

June 11 2021
Inflation . Equity .
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 . Inflation .
Article Rising energy prices pace CPI surge
June 11 2021

Supply and demand in the oil market contributing to inflation.

June 22 2021
Equity . Inflation .
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
Equity . Markets/Economy .
Video Rocking the boat
June 4 2021

Unprecedented global economic conditions may skew monthly numbers.

June 4 2021
Markets/Economy . Equity .
Article Delayed gratification
June 4 2021

The labor market recovery is tantalizingly close, but not here yet.

June 4 2021
Politics . Inflation .
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 4 2021
Inflation . Markets/Economy .
Video The inflation dilemma
June 4 2021

Should the Fed be more concerned?

May 28 2021
Inflation . Equity .
Article If inflation is such a problem ...
May 28 2021

Why are bond yields range-bound?

May 28 2021
Markets/Economy . Inflation .
Article Summer melt-up
May 28 2021

The U.S. economy has the wind at its back.

June 1 2021
International/Global . Equity .
Article Send the word over there
May 25 2021

The recovery is coming to Europe. Latin America may be next.

June 22 2021
Markets/Economy . Inflation .
Article Whistling past the inflation graveyard
May 21 2021

Prices might be stickier than the Fed thinks.

May 24 2021
Equity . Markets/Economy .
Video Constructive on equities
May 21 2021

The strongest growth in 37 years should propel earnings higher.

June 8 2021
Equity . Inflation .
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 . Markets/Economy .
Article Why we're (still) positive on biotech
May 19 2021

While its performance is currently on pause, this sector's innovation is unstoppable.

May 14 2021
Markets/Economy . Equity .
Article The consumer is healthy
May 14 2021

And ready to run with the recovery.

May 14 2021
Equity . Markets/Economy .
Article Slow down the 'V!'
May 14 2021

A slower recovery could make for a longer one, too.

May 12 2021
Markets/Economy . Equity .
Article 'Transitory' being put to the test
May 12 2021

April’s unexpectedly large jump in CPI adds to worries higher inflation may stick around.

May 7 2021
Equity . Markets/Economy .
Article Disincentive to work
May 7 2021

Generous emergency benefits, seasonal quirks likely behind big April jobs miss.

May 21 2021
Equity . Inflation .
Article Can there be a free lunch?
May 7 2021

We're about to find out as the fiscal and monetary spigots keep pouring.

May 11 2021
International/Global . Equity .
Video European recovery delayed, not canceled
May 6 2021

As vaccine rollout accelerates, the service sector should benefit.

April 30 2021
Politics . Equity .
Article Divided we stand
April 30 2021

Might political realities trip up Biden's massive agenda?

April 30 2021
Markets/Economy . Equity .
Article GDP gets a shot in the arm
April 30 2021

Driven by stimulus and vaccines, the U.S. economy soared in the first quarter. 

May 21 2021
Equity . Active Management .
Article Enter the stock picker
April 28 2021

Though the environment has shifted dramatically, security selection again comes to the fore.

April 26 2021
Markets/Economy . Equity .
Article Race to the bottom
April 26 2021

The debate on taxes has just begun.

April 23 2021
Equity . Markets/Economy .
Article 'Can't we just enjoy it?'
April 23 2021

A bear's gonna worry but the underlying story still bullish.

April 16 2021
Markets/Economy . Equity .
Article Turning a battleship in the ocean
April 19 2021

The juggernaut U.S. economy is pointed in the right direction with engines pumping.

May 21 2021
Equity . Inflation .
Article Got to talk about inflation again, sorry
April 16 2021

It continues to be the issue consensus is worried about.

April 16 2021
Equity . Active Management .
Article Why still value now
April 16 2021

Because conditions and history suggest it has further to run.

April 9 2021
Equity . Politics .
Article I wonder, though ...
April 9 2021

What if Biden gets most all of what he wants? Is the market ready?

May 11 2021
International/Global . Equity .
Podcast International growth opportunities

April 9 2021

EVs, biotech and e-commerce in emerging markets exemplify broadening global innovation.

April 9 2021
Markets/Economy . Equity .
Article Leap of faith
April 9 2021

Will production boosts by OPEC and company pay off?

April 28 2021
Equity . Markets/Economy .
Article Earnings season arrives and guidance will be key
April 7 2021

As 2022 comes into focus, room for upside remains but stock picking will be key.

April 7 2021
Markets/Economy . Active Management .
Article The energy-inflation connection can't be ignored
April 6 2021

There's only so much innovation can do as accelerating growth drives up demand.

April 2 2021
Markets/Economy . Equity .
Article Good jobs Friday
April 2 2021

March blowout a sign of better things to come.

May 21 2021
Equity . Inflation .
Article There are only 2 things certain in this world
April 1 2021

Taxes are one of them. Increases to fund infrastructure could prove disruptive.

May 11 2021
International/Global . Equity .
Video International investing ideas
March 31 2021

Luxury goods, spirits and renewable energy present opportunities.

March 31 2021
Active Management . Equity .
Article Lessons from the other 'Oracle'
March 30 2021

A highly successful NFL coach sets an investing example, too.

March 29 2021
Markets/Economy . Equity .
Article Pig in the python
March 29 2021

 Unchecked inflation could put the squeeze on the economy.

March 29 2021
International/Global . Equity .
Video DIG into international small caps
March 29 2021

Diversification, inefficiencies and growth make the asset class an attractive play any time.

March 28 2021
Equity . Markets/Economy .
Article Did you hear that?
March 26 2021

A rather boring few weeks in the market might be leading to a boom.

March 22 2021
Markets/Economy . Equity .
Article Moral hazards ahead?
March 22 2021

The $1.9 trillion stimulus bill is too large and not targeted well.

April 7 2021
Equity . Markets/Economy .
Article Where the puck is heading
March 19 2021

2022 outlook extremely positive despite temporary indigestion from rising yields.

March 19 2021
Equity . Politics .
Article Is this the real life, is this just fantasy?
March 19 2021

It sure seems as if our world is moving toward MMT.

March 29 2021
Equity . Active Management .
Video Time to go on offense
March 18 2021

Why we like small cap, cyclical value, international and dividend stocks.

March 29 2021
International/Global . Markets/Economy .
Infographic A world of opportunity March 18 2021

5 reasons to invest internationally.

March 19 2021
Equity . Markets/Economy .
Article Jailbreak
March 15 2021

The strong rebound in GDP could power the S&P to 4,500 by year-end.

May 21 2021
Equity . Inflation .
Article Escape velocity
March 12 2021

Yields are rising for the right reasons.

March 29 2021
International/Global . Markets/Economy .
Article It's a twofer
March 10 2021

A recovering U.S. and ‘modestly’ growing China are good for the EM and everyone.

March 5 2021
Equity . Interest Rates .
Article Fiscal policy tantrum
March 5 2021

A steady Fed leaves worries about inflation and yields to the market.

March 5 2021
Equity . Markets/Economy .
Article Labor market sizzles despite February freeze
March 5 2021

Leisure & hospitality led the comeback.

March 2 2021
Markets/Economy . Equity .
Article Minimum wage hot potato
March 1 2021

Minimum wage is too low, but strategy to raise it should be bipartisan.

March 1 2021
Politics . Markets/Economy .
Article Far from over
March 1 2021

Now it's the Senate's turn to shape the Covid relief bill.

February 26 2021
Equity . Fixed Income .
Article Bubble bath
February 26 2021

There may be tiny bubbles but this is not the year 2000.

February 19 2021
Equity . Markets/Economy .
Article Follow the 'economists'
February 19 2021

They don't see inflation tripping up the economy anytime soon.

February 19 2021
Markets/Economy . Equity .
Article Gift cards to the rescue
February 19 2021

They played an outsized role in 2020 holiday retail spending.

March 16 2021
Equity . Markets/Economy .
Article Good news: nearly everyone is worried
February 18 2021

And that's just another reason the setup for stocks remains strong.

March 29 2021
International/Global . Equity .
Article International IPOs: A big market getting bigger
February 17 2021

There’s a healthy spread of deals across the globe.

February 12 2021
2021 Outlook . Equity .
Infographic 2021 outlook February 16 2021

A return to normalcy and opportunities.

May 21 2021
Equity . Inflation .
Article Inflation worries are all the rage
February 12 2021

And because it's consensus, it may not be that big a worry.

February 11 2021
Equity . Active Management .
Article Another reason to think 'value'
February 12 2021

History suggests a rotation from ‘growth’ may be at hand.

February 10 2021
Markets/Economy . Equity .
Article Easy come, easy go
February 10 2021

The Reddit rebellion forces an adjustment to the January Barometer.

February 5 2021
Markets/Economy . Equity .
Article Job market hits air pocket
February 5 2021

The weakness gives President Biden more clout for new stimulus.

February 5 2021
Equity . Coronavirus .
Article As plentiful as face masks
February 5 2021

As perception catches up with reality, add another catalyst to the fire.

February 2 2021
Equity . Markets/Economy .
Article Buy on weakness
February 2 2021

Federated Hermes adds to stock-bond model equity overweight.

March 29 2021
International/Global . Markets/Economy .
Article What could a post-Covid world look like?
February 1 2021

Accelerated digitization was just the beginning.

January 29 2021
Markets/Economy . Equity .
Article Solid growth in Q4
January 29 2021

Housing, corporate spending and inventory restocking led the way.

February 17 2021
Equity . Markets/Economy .
Article Bubble, bubble, oil and trouble
January 29 2021

Frothy pockets popping up but it's too early to cut back equity overweight.

January 27 2021
Equity . Markets/Economy .
Article 'What could go wrong?'
January 27 2021

Excess euphoria? Politics? Inflation? Always good to ponder.

DISCLOSURES

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