Insights

3 minute read

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

8 minute read

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

6 minute read

Wage inflation could keep the Fed engaged.

3 minute read

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

2 minute watch

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

1 minute watch

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

6 minute read

Fed plans to keep interest rates higher for longer.

3 minute watch

As the Fed continues quantitative tightening, spreads widen.

2 minute read

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

6 minute read

School spending slows while inflation rises.

3 minute read

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

8 minute read

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

8 minute read

Data point in different directions.

7 minute read

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

2 minute read

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

4 minute read

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

7 minute read

Unloved sectors may be setting up nicely.

4 minute read

Softer job growth could prevent the Fed from hiking again.

4 minute read

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

8 minute read

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

5 minute read

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

2 minute read

They've stabilized somewhat but still face pressures.

8 minute read

And has a lot of firepower left.

9 minute read

Buyable entry point emerging for stocks.

4 minute read

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

4 minute read

The evidence so far suggests not a lot. 

40 minute listen

The past, present and future of dividend investing.

6 minute read

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

4 minute read

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

3 minute read

Rhetorically speaking, China may have long Covid.

4 minute read

For equity investors, peak pessimism presents potential opportunities.

6 minute read

Payroll growth slows, but wages stay hot.        

3 minute read

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

7 minute read

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

6 minute read

Fed may remain vigilant.

8 minute read

Might this rally be due for some consolidation?

2 minute read

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

7 minute read

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

7 minute read

Recession odds have fallen.

7 minute read

Might a summer storm lie ahead for investors? 

3 minute read

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

6 minute read

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

7 minute read

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

2 minute watch

Investors should watch corporate earnings.

4 minute read

But strong enough for the Fed to hike yet again.

7 minute read

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

3 minute read

The markets have finally listened to hawkish Fed speak.

6 minute read

Will tech stocks cool after torrid first-half surge?

6 minute read

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

4 minute read

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

8 minute read

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

2 minute read

The importance of planning ahead

5 minute read

Could energy buck conventional wisdom?

5 minute read

The consumer has a lot more firepower than many appreciate.

5 minute read

Dichotomy between nominal and core inflation declines keeps Fed engaged.

9 minute read

If it is, bubbles can last a long time.

2 minute read

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

5 minute read

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

6 minute read

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

2 minute read

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

7 minute read

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

7 minute read

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

8 minute read

A very narrow market trading at extremes makes for discomfort.

5 minute read

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

3 minute read

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

3 minute watch

Regional bank collapses fueled inflows to money market funds.

4 minute read

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

1 minute watch

Emerging markets may show long-term opportunity for investors.

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.

7 minute read

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

1 minute watch

Is the dollar's reserve currency status in danger?

2 minute read

And the case for bond returns is getting stronger.

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.

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

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.

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.

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.

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.

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.

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.

7 minute read

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

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.

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.

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.

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. 

7 minute read

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.

10 minute read

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

But it's a lot more expensive this year.