Insights

Explore Insights

March 1 2024
Markets/Economy .
Article

7 minute read

Another day, another record high for stocks
March 1 2024

Magnificent Seven continue to outperform.

March 1 2024
Equity .
Article

6 minute read

Big Fiscal is exciting!  Just don't hit a tree.
March 1 2024

2024 could be a great year if we navigate it right.

February 29 2024
Equity .
Video

1 minute watch

Coming up for air
March 1 2024

The end of rolling recessions bodes well for risk assets.

March 1 2024
Liquidity .
Article

4 minute read

Markets heed data, not Fed Speak
March 1 2024

Strong reports have swayed expectations for rate cuts rather than the Fed's constant blaring.

February 29 2024
Fixed Income .
Video

2 minute watch

Data dependent
February 29 2024

The Fed will look closely at inflation numbers before making any cuts.

February 23 2024
Equity .
Article

7 minute read

Platinum-locks
February 23 2024

What's even better than a Goldilocks market?

February 22 2024
Markets/Economy .
Infographic

2 minute read

AI at work February 23 2024

Artificial intelligence is unlikely to steal jobs from human workers, but will alter the labor landscape.

February 23 2024
Markets/Economy .
Article

6 minute read

'Economy of Dreams'
February 23 2024

Strong wage growth keeps Fed cuts off the bases.

February 23 2024
Fixed Income .
Video

1 minute watch

In the driver’s seat
February 23 2024

Income and duration lead total return potential.

February 20 2024
Equity .
Article

7 minute read

FOMO can quickly turn to fear
February 16 2024

Inflation data reminded us this week that we're not out of the woods yet.

February 16 2024
Markets/Economy .
Article

4 minute read

Ice cold
February 16 2024

Dismal retail sales in January cap a weak holiday spending season.

February 12 2024
Markets/Economy .
Article

3 minute read

Revving their engines
February 13 2024

Will China replicate the success of Japanese and Korean automakers?

February 9 2024
2024 Outlook .
Article

3 minute read

The initial public offering market is returning to form
February 9 2024

Signs are pointing to the IPO market continuing to normalize in 2024.

February 9 2024
Equity .
Article

6 minute read

Good is good ... is good?
February 9 2024

Less fixated on the Fed, the market now focuses on the economy's resilience.

February 13 2024
Equity .
Article

5 minute read

January Barometer positive
February 7 2024

Stocks strong start portends a volatile but positive year.

February 5 2024
Fixed Income .
Article

3 minute read

What's going on with IG corporate bonds?
February 6 2024

New investment-grade corporate bond issuance is pouring into the market.

February 2 2024
Equity .
Article

7 minute read

Higher for longer, longer is OK
February 2 2024

In an economy like this, the Fed is in no hurry

February 2 2024
Markets/Economy .
Article

7 minute read

Groundhog Day for labor market
February 2 2024

Strong headline gains but a mixed picture beneath the surface.

February 22 2024
Markets/Economy .
Article

4 minute read

Sun setting on the tightening cycle
February 1 2024

The Fed removed its tightening bias, opening the door to rate cuts.

February 1 2024
Markets/Economy .
Article

3 minute read

Small caps poised for a big rebound
February 1 2024

After a bumpy 2023, small-cap U.S. stocks are in a good place.

January 26 2024
Markets/Economy .
Article

6 minute read

Solid fourth quarter GDP
January 26 2024

Should keep the Fed on the sidelines in March.

January 26 2024
Equity .
Article

6 minute read

A cold beer and a new record high. What else do you need?
January 26 2024

The market continues to move higher, but more breadth would be welcome.

February 1 2024
Markets/Economy .
Article

7 minute read

'Buy me now, or buy me later'
January 26 2024

Secular bull market reconfirmed; long-term prospects rising.

January 26 2024
2024 Outlook .
Podcast

27 minute listen

Surprises to come


January 25 2024

2024 outlook: Part 2.

January 26 2024
2024 Outlook .
Podcast

35 minute listen

Progress over perfection


January 25 2024

2024 outlook: Part 1.

January 23 2024
Fixed Income .
Video

2 minute watch

Enter here
January 23 2024

Widening spreads could provide a step back into high yield.

January 22 2024
Markets/Economy .
Article

5 minute read

Consumers still reign supreme
January 19 2024

There's plenty of data to cause concern but, for now, even more to prompt a smile.

January 19 2024
2024 Outlook .
Video

60 minute watch

Get your popcorn ready


January 19 2024

The presidential election, geopolitical risks and Fed moves are things to watch in 2024.

January 19 2024
Markets/Economy .
Article

7 minute read

Sharp disparity between the Fed and markets
January 19 2024

Labor market and consumer spending firm, while inflation rises.

January 19 2024
Fixed Income .
Article

5 minute read

Holding serve
January 19 2024

What we got right…and wrong…in a volatile year.

January 18 2024
Fixed Income .
Video

2 minute watch

Caution signs
January 19 2024

A weaker economy and earnings may impact the high-yield market.

January 18 2024
Monetary Policy .
Video

2 minute watch

Focused on the Fed
January 19 2024

 Investors and markets differ in their expectations for rate cuts.

January 12 2024
Inflation .
Article

7 minute read

Mission accomplished?
January 12 2024

Sticky inflation remains a concern, but maybe the path forward is muddling through.

February 13 2024
Markets/Economy .
Article

6 minute read

Stock market seasonals flashing caution
January 12 2024

Zero for two out of the gate.

January 11 2024
Fixed Income .
Video

1 minute watch

Defying expectations
January 11 2024

 The high-yield market saw a strong 2023.

January 10 2024
International/Global .
Article

2 minute read

Many global economies poised for growth
January 11 2024

Three things to watch in 2024.

January 8 2024
Markets/Economy .
Infographic

2 minute read

Rise of AI January 8 2024

Artificial intelligence’s capabilities and adoption are on track for a huge impact.

January 4 2024
Markets/Economy .
Article

6 minute read

Labor market still raking
January 5 2024

Strong job gains and rising wages keep Fed rate cuts on hold.

January 5 2024
Markets/Economy .
Article

4 minute read

As goes January...
January 5 2024

The consumer and corporate profits will decide whether the January effect has weight or not.

January 26 2024
2024 Outlook .
Article

9 minute read

More exciting looking up from below
January 5 2024

The Santa Claus Rally advanced most of our 2024 market call into 2023, but there’s plenty of room left for stock pickers as the market rally broadens.

January 3 2024
2024 Outlook .
Article

2 minute read

On the lookout for entry points
January 4 2024

Three things to watch in 2024.

December 19 2023
2024 Outlook .
Article

2 minute read

All about inflation
January 3 2024

Three things to watch in 2024.

January 2 2024
2024 Outlook .
Article

3 minute read

A year of intrigue
January 2 2024

Three things to watch in 2024.

December 21 2023
Fixed Income .
Video

2 minute watch

Hit the gas
December 21 2023

Despite the UAW strike, auto ABS remain strong.

December 21 2023
2024 Outlook .
Article

3 minute read

Will stocks and elections correlate again?
December 21 2023

Three things to watch in 2024.

December 20 2023
2024 Outlook .
Article

2 minute read

From stormy weather to clear skies
December 21 2023

Three things to watch in 2024.

December 19 2023
Equity .
Video

3 minute watch

Bang for your buck
December 19 2023

Consumer spending may be value based in 2024.

December 15 2023
Equity .
Video

1 minute watch

Unwrapped and in demand
December 15 2023

 Experiences are trumping big-ticket items this holiday season.

December 14 2023
Markets/Economy .
Article

7 minute read

Early presents
December 15 2023

Inflation grinds lower, the Fed throws in the towel and holiday spending slows.

December 14 2023
Monetary Policy .
Article

2 minute read

Meeting the markets halfway
December 13 2023

The Fed now projects rate cuts in 2024, just not as many as the markets have.

December 11 2023
2024 Outlook .
Article

4 minute read

If we have a recession, it'll likely be a 'rich' one
December 12 2023

Three things to watch in 2024.

December 11 2023
International/Global .
Video

3 minute watch

Convergence
December 11 2023

European equities are priced for pessimism; U.S. equities are not.

December 8 2023
Markets/Economy .
Article

6 minute read

Rebound in household jobs
December 8 2023

Fed rate cuts not coming anytime soon.

December 8 2023
Fixed Income .
Video

2 minute watch

Short and sweet
December 8 2023

 A decline in rates could boost the short end of the yield curve.

December 8 2023
Equity .
Article

6 minute read

You're a mean one, Mr. Grinch!
December 8 2023

But investors aren't going to let you spoil this rally. Next year? We'll see.

December 7 2023
Equity .
Video

3 minute watch

Climbing the wall of worry
December 7 2023

Investors must consider timing when evaluating opportunities abroad.

December 8 2023
2024 Outlook .
Article

3 minute read

Bonds are back in the black!
December 5 2023

Three things to watch in 2024.

December 4 2023
Equity .
Video

3 minute watch

A step in the right direction
December 5 2023

The Fed is seeing the results it hoped for.

December 1 2023
Markets/Economy .
Article

7 minute read

Stick a fork in it
December 1 2023

As the economy slows across the board, the Fed is done hiking rates.

December 1 2023
Fixed Income .
Video

2 minute watch

Credit crunch
December 1 2023

 Opportunities remain to invest in credit card ABS.

December 1 2023
Equity .
Article

7 minute read

Is that Santa I see?
December 1 2023

Market momentum & fundamentals are keeping the rally going.

December 1 2023
Liquidity .
Article

4 minute read

Cutting through the noise
December 1 2023

The markets have swung too far by forecasting multiple Fed rate cuts in 2024.

January 5 2024
2024 Outlook .
Article

12 minute read

2024 Outlook: Less rocky, more boring
November 30 2023

Expecting market to broaden out as we advance to 5,000 on the S&P.

November 29 2023
Equity .
Video

2 minute watch

Prepare for a choppy year
November 29 2023

The 2024 presidential election could trigger an end-of-year rally.

November 21 2023
Fixed Income .
Article

3 minute read

Don't call it a comeback...yet
November 21 2023

We believe next year could present compelling opportunities within high yield.

November 21 2023
Markets/Economy .
Article

5 minute read

Holiday cheer
November 21 2023

Thanksgiving brings increased travel, falling prices and rallying financial markets.

November 20 2023
Equity .
Article

7 minute read

The turkey's not the only thing getting stuffed…
November 20 2023

The economy and markets can't take on much more debt without getting sick. 

November 17 2023
Politics .
Article

5 minute read

Shot across the bow?
November 17 2023

Despite Biden’s terrible polling, Democrats performed well in off-year elections, which should worry the GOP.

November 17 2023
Equity .
Article

7 minute read

M'm, M'm
November 17 2023

Markets are serving up rallies for the holidays.

November 17 2023
Equity .
Article

3 minute read

The looming opportunity in large-cap growth
November 16 2023

These stocks are well positioned to thrive in a higher-for-longer environment.

November 15 2023
Fixed Income .
Article

3 minute read

Manageable maturities
November 14 2023

Despite high rates, the large amount of maturing debt in the coming years is not a crisis.

November 10 2023
Equity .
Article

7 minute read

Just in time for the holidays
November 10 2023

Reasons to believe the equity rally has legs.

November 15 2023
Markets/Economy .
Infographic

2 minute read

Pulse check November 9 2023

The $2.1 trillion in excess consumer savings is dwindling.

November 6 2023
Markets/Economy .
Article

5 minute read

Out of the woods?
November 7 2023

Financial markets rally on perceived Fed pause.

November 30 2023
Equity .
Article

5 minute read

Back to the grind
November 7 2023

With earnings and economic news not as bad as feared, markets can grind higher into year-end.

November 3 2023
Equity .
Article

7 minute read

Labor market tide starting to turn
November 3 2023

Weak jobs report pushes Fed to sidelines.             

November 3 2023
Equity .
Article

8 minute read

You made my day
November 3 2023

Will the stock and bond rallies have staying power?

November 2 2023
Monetary Policy .
Article

2 minute read

A focused Fed
November 1 2023

The Fed didn't hike. That doesn't mean it's done.

November 1 2023
Liquidity .
Article

3 minute read

Wait and see
November 1 2023

The Fed wants more time and data as it looks to December's meeting.

October 27 2023
Markets/Economy .
Article

6 minute read

Blowout third quarter GDP
October 27 2023

Will it keep the Fed in play?

October 27 2023
Equity .
Article

8 minute read

The origin of the word 'politics'
October 27 2023

Geopolitics are trumping the economy and earnings among investor worries.

November 7 2023
Equity .
Article

9 minute read

'It's always darkest before the dawn'
October 26 2023

Though it is also very dark in the middle of the night.

October 24 2023
Equity .
Video

2 minute watch

Behind the scenes
October 24 2023

 Dividends are working, even when out of favor.

October 20 2023
Markets/Economy .
Article

6 minute read

Sales surprisingly surge
October 20 2023

Back-to-School sales were soft, but consumers are spending elsewhere.

October 25 2023
Equity .
Article

8 minute read

The remarkable consumer
October 20 2023

A surprisingly strong economy could mean higher for longer, longer

October 19 2023
Markets/Economy .
Article

3 minute read

A roof over its head
October 19 2023

After weathering the storm, the housing market is poised to boost growth despite Fed headwinds.

October 18 2023
Equity .
Video

4 minute watch

Ebbs and flows
October 18 2023

Dividend performance follows a natural rotation.

October 13 2023
Markets/Economy .
Article

8 minute read

The long and winding road
October 13 2023

Employment, inflation and bonds combine for twists and turns for the journey of Fed policy.

October 13 2023
Equity .
Article

8 minute read

'Welcome to Pittsburgh, Ohio ...'
October 13 2023

It's not just the pilot who is confused as markets wrestle with yields.

October 12 2023
Equity .
Article

8 minute read

Separating the wheat from the chaff
October 11 2023

As markets stumble forward into earnings, winners and losers likely to emerge.

October 11 2023
International/Global .
Article

4 minute read

The Israeli conflict isn’t a global factor ... yet
October 11 2023

Disruptions minor so far amid a global outlook that's a bit meh.

October 26 2023
Fixed Income .
Article

5 minute read

Better early than late
October 10 2023

Being defensive in credit may mean a little pain for a bigger potential gain. 

October 31 2023
Markets/Economy .
Article

7 minute read

Shocking jobs report
October 6 2023

But overall labor-market picture is mixed.

October 6 2023
Equity .
Video

2 minute watch

Opportunities abroad
October 6 2023

International dividend payers have come through a lost decade.

October 6 2023
Equity .
Article

7 minute read

Like a cross between 'Deliverance' and 'The Shining'
October 6 2023

The bond market used to be dull...

October 4 2023
Fixed Income .
Video

2 minute watch

Supply versus demand
October 4 2023

More housing should increase affordability.

October 3 2023
Equity .
Article

4 minute read

Is it too late to play catch-up?
October 4 2023

Equity markets have popped this year—but not for everyone.

September 28 2023
Monetary Policy .
Article

3 minute read

Changing the game plan
October 2 2023

Yet another shift in the Fed's SEP has the markets again playing defense. 

October 2 2023
Equity .
Article

8 minute read

History lessons
September 29 2023

Rates may be resetting higher but that doesn't mean stocks must suffer.

September 29 2023
Markets/Economy .
Article

6 minute read

Labor day, week, month and year
September 29 2023

Wage inflation could keep the Fed engaged.

September 28 2023
Fixed Income .
Article

3 minute read

This pain should pass
September 29 2023

Evidence suggests the move up in longer yields is nearing an end.

September 28 2023
Equity .
Video

2 minute watch

Oversold and undervalued
September 28 2023

Investors may want to take a fresh look at the dividend investing space.

September 27 2023
Fixed Income .
Video

1 minute watch

Finding new value
September 27 2023

Mortgage-backed securities may become more attractive relative to credit.

September 25 2023
International/Global .
Article

6 minute read

Move over, China
September 26 2023

When global investors think Asia, they're increasingly thinking India.

September 25 2023
Monetary Policy .
Article

6 minute read

Goldilocks and the Federal Reserve
September 22 2023

Fed plans to keep interest rates higher for longer.

September 22 2023
Fixed Income .
Video

3 minute watch

From buyer to seller
September 22 2023

As the Fed continues quantitative tightening, spreads widen.

September 20 2023
Monetary Policy .
Article

2 minute read

Proceeding carefully
September 20 2023

The Fed opts against raising rates, but doesn't rule out another hike this year.

September 20 2023
Markets/Economy .
Article

2 minute read

About that auto strike
September 20 2023

At the end of the day, it'll be a gift for competitors.

September 25 2023
Equity .
Article

4 minute read

Investors have seen this story before...
September 19 2023

With Growth a crowded and expensive trade, might Value offer better value?

September 15 2023
Markets/Economy .
Article

6 minute read

Back to school
September 15 2023

School spending slows while inflation rises.

September 19 2023
International/Global .
Article

3 minute read

The race is on for automakers
September 15 2023

China's vehicle manufacturers soon might take the global pole position.

September 19 2023
Equity .
Article

8 minute read

A simple bag of potato chips
September 15 2023

Moderating core inflation doesn't ease consumer concerns about everyday prices.

October 10 2023
Equity .
Article

6 minute read

Settling into a world of single-digit returns


September 14 2023

Maintaining cautiously optimistic stance as macro concerns fade.

September 8 2023
Markets/Economy .
Article

8 minute read

Future still foggy
September 8 2023

Data point in different directions.

September 8 2023
Equity .
Article

7 minute read

I wouldn't want to count the consumer out prematurely
September 8 2023

Lots of reasons to expect all-important spending to hold up.

September 8 2023
Markets/Economy .
Infographic

2 minute read

Add to cart September 8 2023

Strong back-to-school shopping season bodes well for holiday retail

September 14 2023
Markets/Economy .
Article

4 minute read

Power to the people!
September 7 2023

But can the rise in workers' negotiating power since Covid 19 continue?

September 1 2023
Equity .
Article

7 minute read

What's the downside?
September 1 2023

Unloved sectors may be setting up nicely.

August 31 2023
Markets/Economy .
Article

4 minute read

Bad news is good news
September 1 2023

Softer job growth could prevent the Fed from hiking again.

September 1 2023
Monetary Policy .
Article

4 minute read

Pushback
September 1 2023

Fed Chair Powell addressed inflation targets and market expectations in Jackson Hole.  

August 31 2023
Equity .
Article

2 minute read

Consider the alternatives
August 31 2023

Contrarian approaches may offer a missing piece to investor portfolios.

August 31 2023
Equity .
Article

8 minute read

Will AI, millennials and productivity save the day?
August 25 2023

Let's hope so because massive and growing deficits are spooking markets.

August 25 2023
Monetary Policy .
Article

5 minute read

Higher for longer
August 25 2023

Powell uses Jackson Hole keynote to reiterate Fed’s vigilance to lower inflation.

August 24 2023
Fixed Income .
Article

2 minute read

Banks aren't totally out of the woods yet
August 24 2023

They've stabilized somewhat but still face pressures.

August 21 2023
Responsible Investing .
Article

3 minute read

Five ways AI could enhance financial services
August 23 2023

Spoiler: People remain paramount.

August 21 2023
International/Global .
Article

2 minute read

Korea: overlooked and underappreciated
August 22 2023

The rapidly developing peninsular country has 3 factors going for it.

August 21 2023
Equity .
Article

8 minute read

The consumer reigns supreme ...
August 18 2023

And has a lot of firepower left.

September 7 2023
Equity .
Article

9 minute read

Every cloud has a silver lining
August 17 2023

Buyable entry point emerging for stocks.

August 15 2023
Markets/Economy .
Article

4 minute read

Could the IPO hangover finally be over?
August 16 2023

The conditions suppressing the IPO market since 2021 appear to be subsiding.

August 11 2023
Equity .
Article

4 minute read

How much do 'long and variable lags' matter?
August 14 2023

The evidence so far suggests not a lot. 

August 11 2023
Equity .
Podcast

40 minute listen

In defense of dividends

August 11 2023

The past, present and future of dividend investing.

August 9 2023
Markets/Economy .
Article

6 minute read

AI revolution: Artificial superintelligence is scary
August 10 2023

The marriage of AI and quantum computers could take things to unimaginable levels.

August 9 2023
Equity .
Article

4 minute read

EVs are not an environmental panacea
August 9 2023

Electric vehicles face bumps in the road to reach their lofty goals.

August 8 2023
International/Global .
Article

3 minute read

The case against China
August 8 2023

Rhetorically speaking, China may have long Covid.

August 8 2023
International/Global .
Article

4 minute read

The case for China
August 8 2023

For equity investors, peak pessimism presents potential opportunities.

August 29 2023
Markets/Economy .
Article

6 minute read

Labor market stagflation?
August 4 2023

Payroll growth slows, but wages stay hot.        

August 3 2023
Fixed Income .
Article

3 minute read

Why the climb in long yields isn't likely to last
August 3 2023

Senior Portfolio Manager R.J. Gallo can think of seven reasons.

August 29 2023
Markets/Economy .
Article

7 minute read

AI revolution: Artificial general intelligence is exciting
August 3 2023

Its potential, for good and for bad, is just starting to be appreciated.  

August 3 2023
Liquidity .
Article

4 minute read

New rules, same role
August 1 2023

The new regulations for money funds don't change their value proposition.   

July 28 2023
Markets/Economy .
Article

6 minute read

Robust capex drives solid GDP
July 28 2023

Fed may remain vigilant.

July 28 2023
Equity .
Article

8 minute read

Nobody wears heels in Warren PA!
July 28 2023

Might this rally be due for some consolidation?

July 26 2023
Monetary Policy .
Article

2 minute read

Middle ground
July 26 2023

With the impact of its tightening still not apparent, the Fed opted for another modest rate hike. 

August 17 2023
Equity .
Article

7 minute read

'Rocky landing' landing
July 25 2023

Upgrading year-end S&P target to 5,000 as rocky landing scenario nears end.

July 25 2023
Equity .
Video

2 minute watch

Halfway there
July 25 2023

 The U.S. is likely already feeling the predicted “rocky landing.”

July 21 2023
Equity .
Article

7 minute read

Conflicting signals
July 21 2023

Recession odds have fallen.

July 26 2023
Equity .
Article

7 minute read

Summertime...
July 21 2023

Might a summer storm lie ahead for investors? 

July 20 2023
Fixed Income .
Video

3 minute watch

The path to 2%
July 20 2023

High inflation hurts everyone.

July 14 2023
International/Global .
Article

4 minute read

If everyone is surprised is it really a surprise?
July 17 2023

Consensus has taken a beating but is still standing.

July 21 2023
Markets/Economy .
Article

3 minute read

Don't forget Mac and Mae
July 17 2023

MBS issued by U.S. housing agencies could have advantages for investors if the economy slows.

July 17 2023
Markets/Economy .
Article

6 minute read

Social Security: A crisis of procrastination
July 14 2023

Waiting for the program to go bust isn’t an option.

July 14 2023
Equity .
Article

7 minute read

Candyland
July 14 2023

It’s Christmas in July for equities. Will the Fed be a Scrooge?

July 13 2023
Equity .
Video

2 minute watch

Eyes peeled
July 13 2023

Investors should watch corporate earnings.

July 25 2023
Liquidity .
Article

3 minute read

An altered landscape for money funds
July 13 2023

The positives and negatives of the new SEC money market amendments. 

July 12 2023
International/Global .
Article

5 minute read

Japan's on a roll. Is it for real this time?
July 12 2023

Why we think Japan could finally outperform after three lost decades.

July 13 2023
Fixed Income .
Article

5 minute read

Time, we believe, is on our side
July 11 2023

Defensive positioning didn’t hurt the first half. In the second half, it may help.

July 11 2023
Inflation .
Video

2 minute watch

History as a guide
July 7 2023

A mild recession may be inevitable.

July 7 2023
Markets/Economy .
Article

4 minute read

Payroll picture mixed
July 7 2023

But strong enough for the Fed to hike yet again.

July 7 2023
Equity .
Video

2 minute watch

Still standing
July 7 2023

The consumer is between tough headwinds and promising tailwinds.

July 12 2023
Equity .
Article

7 minute read

Looking back, looking ahead
July 7 2023

The first half was a consensus killer; will the second half be one too?

June 28 2023
Equity .
Article

2 minute read

The dividend story remains the same
July 5 2023

Higher-for-longer rates can be beneficial for dividend strategies.

July 3 2023
Monetary Policy .
Article

3 minute read

Falling in line
July 3 2023

The markets have finally listened to hawkish Fed speak.

June 30 2023
Markets/Economy .
Article

6 minute read

Reversion to the mean?
June 30 2023

Will tech stocks cool after torrid first-half surge?

June 30 2023
Fixed Income .
Article

6 minute read

'You don't have to tell me 15 times'
June 30 2023

Don’t fight the Fed. Don’t fight the tape either.

June 26 2023
Monetary Policy .
Article

4 minute read

Central bank divergence
June 28 2023

As global central banks take different paths, where might investors look?

July 11 2023
Equity .
Article

8 minute read

10 reasons the market's glass could be half full, not half empty
June 28 2023

As ‘Rocky Landing’ enters final phases, equity market remains upwardly biased.

June 23 2023
Markets/Economy .
Infographic

2 minute read

Are you prepared to retire? June 23 2023

The importance of planning ahead

June 28 2023
Markets/Economy .
Article

5 minute read

Devil's advocate
June 23 2023

Could energy buck conventional wisdom?

June 16 2023
Equity .
Article

5 minute read

1.3 trillion reasons to spend
June 21 2023

The consumer has a lot more firepower than many appreciate.

June 16 2023
Markets/Economy .
Article

5 minute read

Hawkish pause
June 16 2023

Dichotomy between nominal and core inflation declines keeps Fed engaged.

June 28 2023
Equity .
Article

9 minute read

Is it a bubble?
June 16 2023

If it is, bubbles can last a long time.

June 14 2023
Markets/Economy .
Article

2 minute read

Preparing for the next step
June 14 2023

The Fed skipped a rate hike but suggested more could come. 

June 14 2023
Markets/Economy .
Article

5 minute read

How to play, and not play, the AI boom
June 14 2023

Thanks to ChatGPT, investors want to know how to capitalize on generative AI.

June 28 2023
Markets/Economy .
Article

6 minute read

'High wall with a big gate'
June 12 2023

The current U.S. immigration system is an inadequate solution to population decline.

June 12 2023
Markets/Economy .
Infographic

2 minute read

Assessing a recession June 9 2023

There’s more than one way to forecast a recession. Our investment pros explain the indicators they watch.

June 9 2023
Equity .
Article

7 minute read

Siren song?
June 9 2023

The pain trade is up. The late '90s' parallels are eerie.

June 7 2023
International/Global .
Article

3 minute read

Oh, Mexico!
June 7 2023

Our southern neighbor is firing on all cylinders.

June 2 2023
Markets/Economy .
Article

7 minute read

Tale of two labor markets
June 2 2023

A hot headline increase of 339,000 jobs in May but colder details put Fed in wait-and-see mode.

June 2 2023
Equity .
Article

8 minute read

99th percentile
June 2 2023

A very narrow market trading at extremes makes for discomfort.

June 7 2023
Markets/Economy .
Article

5 minute read

With consumers, investors can go high and low
June 2 2023

Spending on discretionary luxury and staples can offer refuge in this environment.

June 14 2023
Markets/Economy .
Article

3 minute read

The coming deluge
June 1 2023

Following the official suspension of the federal debt limit, expect the U.S. Treasury to issue a massive amount of securities.

May 31 2023
Liquidity .
Video

3 minute watch

Seeking relative safety
May 31 2023

Regional bank collapses fueled inflows to money market funds.

May 26 2023
Markets/Economy .
Article

4 minute read

Problems at the office
May 31 2023

The office credit market is in trouble, but the broad CRE sector appears healthy.

May 30 2023
International/Global .
Video

1 minute watch

Opportunities in innovation
May 30 2023

Emerging markets may show long-term opportunity for investors.

May 30 2023
Equity .
Article

8 minute read

Funemployment and sacrifice
May 26 2023

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

May 24 2023
International/Global .
Video

1 minute watch

Surprising the upside
May 23 2023

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

May 23 2023
Markets/Economy .
Article

6 minute read

On the one hand...
May 23 2023

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

May 19 2023
Active Management .
Article

4 minute read

Look beyond the headline
May 19 2023

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

July 5 2023
Equity .
Article

7 minute read

'The World According to GARP'
May 19 2023

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

May 22 2023
Monetary Policy .
Video

1 minute watch

Don't fight the Fed
May 19 2023

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

May 19 2023
International/Global .
Video

1 minute watch

On the line
May 18 2023

Is the dollar's reserve currency status in danger?

June 13 2023
Fixed Income .
Article

2 minute read

Bonds are (still) back
May 18 2023

And the case for bond returns is getting stronger.

May 25 2023
Equity .
Article

8 minute read

Please Sir! Can we just get on with the ‘Big R’ Recession?


May 16 2023

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

May 16 2023
Fixed Income .
Infographic

2 minute read

Bailed on bonds May 15 2023

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

May 12 2023
Markets/Economy .
Article

6 minute read

The pause that refreshes
May 12 2023

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

May 12 2023
Equity .
Article

8 minute read

The key is to figure out what regime we're in
May 12 2023

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

May 15 2023
Liquidity .
Video

3 minute watch

History repeats itself
May 11 2023

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

May 5 2023
Markets/Economy .
Article

7 minute read

'Sizzling' labor market report less impressive than it seems
May 5 2023

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

May 30 2023
Fixed Income .
Article

3 minute read

EM isn't a blanket growth story
May 4 2023

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

May 4 2023
Equity .
Article

6 minute read

'Not worried, but ...'
May 4 2023

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

May 3 2023
Monetary Policy .
Article

2 minute read

Could the latest be the last?
May 3 2023

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

May 2 2023
Fixed Income .
Video

1 minute watch

Back in business
May 2 2023

Munis may see heightened demand this year.

July 5 2023
Markets/Economy .
Article

4 minute read

Capital inflows
May 1 2023

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

April 28 2023
Markets/Economy .
Article

6 minute read

Worst of all worlds
April 28 2023

GDP growth slows, but inflation remains elevated

May 16 2023
Markets/Economy .
Article

5 minute read

Bulls running out of air; bears running out of time
April 28 2023

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

May 10 2023
Equity .
Article

8 minute read

Crosscurrents
April 28 2023

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

April 28 2023
Markets/Economy .
Podcast

43 minute listen

Putting the inflation genie into its lamp


April 26 2023

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

April 28 2023
Fixed Income .
Video

1 minute watch

Choppy waters
April 25 2023

Bond markets are caught in a variety of crosswinds.

April 28 2023
Markets/Economy .
Article

4 minute read

Debt-ceiling drama
April 21 2023

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

July 5 2023
Equity .
Article

8 minute read

Slowflation
April 21 2023

Slower growth and stubborn inflation argue for patience and selectivity.

April 28 2023
Fixed Income .
Video

2 minute watch

On the upswing
April 21 2023

Investors may find value in high-quality bonds.

April 28 2023
Markets/Economy .
Article

7 minute read

High-water mark
April 14 2023

We see GDP growth slowing over the balance of 2023.

April 28 2023
Equity .
Article

7 minute read

Liquidity is shrinking
April 14 2023

Perils lurk but so does the potential for upside surprises.

May 30 2023
Fixed Income .
Article

5 minute read

Picking our spots
April 14 2023

Volatile markets can offer opportunities.

April 28 2023
Fixed Income .
Video

1 minute watch

Strains in the system
April 13 2023

Banking sector turmoil has raised recession risks.

April 28 2023
Markets/Economy .
Article

7 minute read

Inflection point?
April 7 2023

Fed rate hikes finally may be starting to bite.

April 28 2023
Equity .
Article

8 minute read

'That's stupid and I'm not doing that ...'
April 6 2023

Mounting clues that the economy has reached a turning point.

July 5 2023
Equity .
Article

7 minute read

The beginning of the end, or the end of the beginning?
April 6 2023

Maintaining cautiously constructive stance amid confusing outlook.

May 10 2023
International/Global .
Article

3 minute read

So what about European banks?
April 6 2023

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

April 28 2023
Liquidity .
Article

3 minute read

One Fed, two jobs
April 3 2023

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

April 28 2023
Markets/Economy .
Article

5 minute read

Do fundamentals still matter?
March 31 2023

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

July 5 2023
Markets/Economy .
Article

7 minute read

'How long can this keep going on?'
March 31 2023

For as long as the economy is stronger for longer.

April 28 2023
Responsible Investing .
Article

2 minute read

Taking more into account
March 30 2023

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

April 28 2023
Equity .
Article

6 minute read

A rock and a hard place
March 24 2023

Will the Federal Reserve pivot from its fight against inflation?

May 30 2023
Equity .
Article

7 minute read

'We stay in our lane'
March 24 2023

Not all regional banks are caught up in the turmoil. 

April 28 2023
Monetary Policy .
Article

3 minute read

Balancing act
March 22 2023

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

April 28 2023
Markets/Economy .
Article

6 minute read

Is real estate the frog in the pot?
March 21 2023

Simmering post-pandemic issues are raising the temperature.

March 21 2023
Markets/Economy .
Infographic

2 minute read

On the road again March 21 2023

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

April 28 2023
Equity .
Video

1 minute watch

Rate regime recovery
March 21 2023

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

April 28 2023
Equity .
Article

8 minute read

Only when the tide goes out ...
March 20 2023

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

April 28 2023
Markets/Economy .
Article

6 minute read

Reversal of fortunes
March 17 2023

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

April 28 2023
Fixed Income .
Article

3 minute read

This is not 2008!

March 15 2023

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

August 24 2023
Liquidity .
Article

6 minute read

Next steps
March 14 2023

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

July 5 2023
Equity .
Article

6 minute read

It's back to the middle syllable of e-CON-omy
March 13 2023

Weakening confidence should give Fed the slowdown it wanted.

April 28 2023
Equity .
Article

7 minute read

Drumbeat
March 10 2023

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

April 28 2023
Equity .
Video

1 minute watch

Survival of the fittest
March 10 2023

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

April 28 2023
Markets/Economy .
Article

2 minute read

Robust jobs report puts air under wings of Fed hawks
March 10 2023

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

May 30 2023
Equity .
Article

12 minute read

10 things that are 'different this time'
March 10 2023

Standard models and frameworks are less useful in rocky landings.

April 28 2023
Markets/Economy .
Article

3 minute read

Can small-cap value keep it going?
March 8 2023

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

April 28 2023
Equity .
Video

2 minute watch

Slow and steady wins the race
March 3 2023

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

April 28 2023
Equity .
Article

7 minute read

Mr. and Mrs. Federated Hermes
March 3 2023

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

April 28 2023
Markets/Economy .
Article

7 minute read

Dr. Jekyll and Mr. Market
March 3 2023

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

June 12 2023
Inflation .
Infographic

2 minute read

Coming of age February 14 2023

Comparing the cost of becoming an adult across decades.

DISCLOSURES

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