But what creates and drives it is what matters for the markets.
They continue to confound as growth surges and prices accelerate.
For now, the bull is fine. But we're monitoring for potential longer-term health issues.
The unelected, nonpartisan Senate parliamentarian may be the most important person in D.C.
Why are bond yields range-bound?
The recovery is coming to Europe. Latin America may be next.
Perhaps a market hung up on stimulus should appreciate what it has.
While its performance is currently on pause, this sector's innovation is unstoppable.
Asset class continues to offer investors favorable relative returns.
A slower recovery could make for a longer one, too.
April’s unexpectedly large jump in CPI adds to worries higher inflation may stick around.
Generous emergency benefits, seasonal quirks likely behind big April jobs miss.
We're about to find out as the fiscal and monetary spigots keep pouring.
As vaccine rollout accelerates, the service sector should benefit.
A decade of disinvestment is causing affordability issues, not rampant speculation.
Might political realities trip up Biden's massive agenda?
Though the environment has shifted dramatically, security selection again comes to the fore.
A bear's gonna worry but the underlying story still bullish.
It continues to be the issue consensus is worried about.
Because conditions and history suggest it has further to run.
What if Biden gets most all of what he wants? Is the market ready?
EVs, biotech and e-commerce in emerging markets exemplify broadening global innovation.
As 2022 comes into focus, room for upside remains but stock picking will be key.
Rate strategies lead the way for bonds in challenging first quarter.
There's only so much innovation can do as accelerating growth drives up demand.
March blowout a sign of better things to come.
Taxes are one of them. Increases to fund infrastructure could prove disruptive.
Luxury goods, spirits and renewable energy present opportunities.
A highly successful NFL coach sets an investing example, too.
A rather boring few weeks in the market might be leading to a boom.
A strengthening economy should smooth rising-rate headwinds.
Rising yields mean different things for different sectors of the market.
2022 outlook extremely positive despite temporary indigestion from rising yields.
It sure seems as if our world is moving toward MMT.
And broader markets are not sounding alarms.
Yields are rising for the right reasons.
A recovering U.S. and ‘modestly’ growing China are good for the EM and everyone.
A steady Fed leaves worries about inflation and yields to the market.
Now it's the Senate's turn to shape the Covid relief bill.
There may be tiny bubbles but this is not the year 2000.
Powell reaffirms commitment to easy money policies to support still-young recovery.
They don't see inflation tripping up the economy anytime soon.
And that's just another reason the setup for stocks remains strong.
There’s a healthy spread of deals across the globe.
And because it's consensus, it may not be that big a worry.
History suggests a rotation from ‘growth’ may be at hand.
As perception catches up with reality, add another catalyst to the fire.
Federated Hermes adds to stock-bond model equity overweight.
Accelerated digitization was just the beginning.
Frothy pockets popping up but it's too early to cut back equity overweight.
Excess euphoria? Politics? Inflation? Always good to ponder.
German elections, recovery and, finally, an end to Brexit saga.
How Covid is spawning changes and accelerating trends in the sector.
Is it too early to talk about midterm elections?
Will rising inflation and bond yields spoil the party?
A strong cyclical recovery should cause politics to take a back seat this year.
A year of “unprecedenteds” sets stage for an unexpectedly strong move higher in stocks.
We’re positioned for “risk on” but worry most everyone else is too.
Market conditions look unusually positive for the new year.
Market melt-ups can last a long time.
With the slimmest of margins, Democrats will have to compromise.
Three things to watch in 2021.
It's not just Santa that has the market in a holiday mood.
Federated Hermes adds equity exposure, sets 4,500 and 5,000 targets for S&P 500 in 2021 and 2022.
It's a 'heads I win, tails I win' setup for 2021.
What might the markets do as we all hunker down?
2021 risks are far more to the upside than downside.
As Wall Street searches for worries, stocks keep climbing.
Manufacturing, consumers help drive Dow, other indexes to new highs.
The market is offering a lot of options.
3 varieties of value stocks offer opportunities.
November and December retail sales look bright.
2020's sure been volatile. 2021 could be better.
We're going to be hearing about Georgia ad nauseam in coming weeks.
Vaccination hopes add to factors favoring stocks.
The promise of more normalized relations. Combined with Covid optimism, it’s positive.
Election outcome 1 of 5 reasons risk assets are on a tear.
Key Federated Hermes investment professionals weigh in on election's implications.
There's a non-zero risk we're celebrating the crash of the Blue Wave prematurely.
A razor-thin margin outcome is enough to make the market dance.
More favorable risk environment prompts an increase in our equity overweight.
Presidential result could take days but Senate holds Red and divided government assured.
Lack of presidential outcome leads to market uncertainty.
Try to stay focused on long view, which is good in almost any outcome.
Might a silent majority favoring Trump pull another election surprise?
Spiking Covid cases, no extra stimulus and a possible contested election.
A fiscal policy win regardless of outcome has markets looking past Nov. 3.
2021 is setting up nicely for stocks regardless of who wins.
The race could tighten but whatever happens, the market should be fine.
Dollar weakness could make for opportunities overseas.
Pullback could be in offing against promising long-term outlook.
The accelerating and global use of new technologies are keeping prices in check.
A contested election is consensus, with little worry about who ultimately wins.
A disputed election headlines potential risks heading into year-end.
Many developing economies are home to global technology leaders.
It may not matter all that much to the market.
A simple guide to a very complicated set of possibilities.
Why these vehicles are rivaling IPOs as an option to go public.
Virus and election risks weigh on investors.
The Fed sharpens its new policy framework with strong forward guidance.
With polls tightening and debates around the corner, it's getting very interesting.
It starts with the Fed.
Why we think the rotation out of tech could have legs over the next 6 months.
Can't say I agree with my fellow Pittsburgher. But markets may be re-evaluating leadership.
A rebound led by the labor market, housing, autos, manufacturing and consumers.
I don't share my neighbor's worry. But this week reminds it's never a 1-way market.
Led by the household survey, the labor market continues to heal.
They provide short-term funding that oils the economy's gears.
Maybe near-term consolidation. But longer-term, this secular bull has a ways to run.
If the Fed's strategy to spur inflation works better than expected, hikes might come sooner.
Ultra-easy Fed and record stimulus represent a double dose of support for stocks.
No trip to the Grand Tetons this year, but the Fed presented a monumental announcement.
Policy change to let labor market run hot as long as prices don’t.
Securitized credit sectors appear to be holding up well so far.
Is it a bubble?
Dems took the first swing; now the GOP gets its chance.
Emerging innovators, and not the behemoths, may point way to long-term growth.
Create a safe, legal immigration framework for foreign workers.
Stock-bond model keeps 2% equity overweight but shifts from growth bias.
His moves to help workers fill a void of Congress' own making.
Vulnerabilities emerge at a potential turning point in its relations with the world.
Some aspects of life and the economy are getting back to normal quicker than others.
The nation's job market continues to mend.
Liquidity is abundant but fundamentals remain iffy.
Back to school won't be business as usual this year.
The Fed keeps making good decisions to support the economy.
Our humanness can trip us up when it comes to investing.
GDP's collapse for the ages in the second quarter could lead to record rise in the third.
Uneventful FOMC meeting reaffirms stance of maximum support for the economy.
Election Day may be nearing but the market doesn't seem all that invested.
Opposing forces are pulling at the economy, but we expect recovery to win.
Was this week's agreement the bloc's big breakthrough? Maybe. Maybe not.
Of 4 possible trade deals, an updated Nafta is the only one on the books.
Good start to earnings season is just one reason we are optimistic despite the rise in Covid cases.
It's hard to have visibility when nearly 4 in 10 companies don't provide guidance.
New spike in Covid-19 cases threatens recovery's path.
Numbers are still pretty awful; the consumers' moods aren't.
Any proposal for a Phase 4 stimulus package must balance when and how to bring Americans back to work safely.
A wall of worry vs. a wall of liquidity is limiting back-half options.
Despite strong returns off March lows, we see more opportunity ahead.
The labor market continues to heal in remarkable fashion.
After spring's big rally, a possible pause in a still-bullish scenario.
2020's challenges and responses reflect Americans' indelible spirit.
June prime example of how liquidity asset flows benefit investors and the economy.
It's over. Now investors will have to deal with rising challenges.
Equity overweight lowered as coming months may be choppy.
We trimmed our equity overweight a tad on likely choppiness ahead.
Proponents of Modern Monetary Theory do not think so.
Unprecedented sums are at the ready to prop up markets.
This crisis illustrates our faith in picking stocks, not mimicking indexes.
The outlook, as a recovering economy tends to lift cyclical stocks.
The real upside, Steve Auth says, could come post-election.