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Interest Rates
May 21 2024
Interest Rates .
Article

3 minute read

Stubborn inflation does not change the bond math
May 15 2024

Sticky inflation might slow the Fed, but not the timeliness of extending duration.

May 3 2024
Markets/Economy .
Article

8 minute read

Reversal of fortunes
May 3 2024

Does today’s soft jobs report successfully change the Fed's narrative?

April 19 2024
Geopolitics .
Article

7 minute read

'April is the cruellest month...'
April 19 2024

Geopolitics, seasonality, interest rates and stubborn inflation have all come calling.

April 15 2024
Equity .
Article

7 minute read

Every correction needs a catalyst
April 12 2024

I know you're waiting for that correction.

April 5 2024
Equity .
Article

7 minute read

An inflationary boom would be awesome!
April 5 2024

A healthy labor market coupled with productivity growth could be just the thing.

March 22 2024
Equity .
Article

7 minute read

Victory at 2 percent-ish
March 22 2024

The central bank hasn't cut and yet the market cheers.

March 18 2024
Monetary Policy .
Article

2 minute read

The dots are the point
March 20 2024

The Fed's dot plot held the intrigue at the FOMC meeting.

March 1 2024
Markets/Economy .
Article

7 minute read

Another day, another record high for stocks
March 1 2024

Magnificent Seven continue to outperform.

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 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 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.

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.

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
Monetary Policy .
Video

2 minute watch

Focused on the Fed
January 19 2024

 Investors and markets differ in their expectations for rate cuts.

December 19 2023
2024 Outlook .
Article

2 minute read

All about inflation
January 3 2024

Three things to watch in 2024.

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 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
2024 Outlook .
Article

3 minute read

Bonds are back in the black!
December 5 2023

Three things to watch in 2024.

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
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.

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 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 6 2023
Markets/Economy .
Article

5 minute read

Out of the woods?
November 7 2023

Financial markets rally on perceived Fed pause.

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 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 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.

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 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.

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 11 2023
Equity .
Podcast

40 minute listen

In defense of dividends

August 11 2023

The past, present and future of dividend investing.

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.

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. 

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 20 2023
Fixed Income .
Video

3 minute watch

The path to 2%
July 20 2023

High inflation hurts everyone.

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 11 2023
Inflation .
Video

2 minute watch

History as a guide
July 7 2023

A mild recession may be inevitable.

July 7 2023
Equity .
Video

2 minute watch

Still standing
July 7 2023

The consumer is between tough headwinds and promising tailwinds.

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.

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. 

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.

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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