Inflation spiking while job growth and consumer spending have slowed.
Our outlook across asset classes.
Fortune favors companies that can pass on cost increases.
Ratings upgrades and rebounding economy create favorable backdrop.
And if it does, the world becomes a more dangerous place for investors.
It's all about inflation expectations.
New year presents new opportunities across sectors.
Three things to watch in 2022.
Two early-year stock market indicators point in different directions.
Fed tightening and evaporating fiscal stimulus should make for a bumpy road.
Fed poised to hike rates in March
Season is bright for retailers, despite headwinds.
Omicron is weighing on psyches, but not so much markets ... yet.
Omicron is a nonevent for the markets.
The omicron variant is driving the markets now.
Reiterating 4,800 and 5,300 '21 and '22 targets and value tilt
Americans using pocketbooks to fight back against Covid weariness.
The November jobs report's low headline number belies its internal strength.
Powell's nomination provides stability as uncertainty lingers.
Lots to be thankful for amid the divisiveness.
But Thanksgiving will be more expensive this year.
Market risks stay skewed to upside but inflation and possible policy errors lurk.
Were off-year results a wake-up call?
Robust spending and low delinquencies bode well for yields.
With inflation soaring and tapering starting, President Biden's choices for Fed seats are crucial.
It seems some may be earning plenty, for now, just trading crypto.
The infrastructure bill benefits municipalities and muni investors alike.
Popular meme seems perfect for this market.
Solid gains across the board in October.
The case for an active approach to the short end of the bond market.
The success of the Fed’s first taper gives us confidence it will work well again.
We see a variety of reasons for the pullback in Q3 GDP growth.
Market marches forward as Dems scale back.
We could do without leisure suits (maybe) and stagflation (definitely).
Economy slows noticeably, while inflation remains elevated.
Still room to run, with a tilt toward cyclical companies with pricing power.
Aisle 3 is already sold out and it’s only October.
This is not the 1970s ... not even close.
Ships that stole Christmas
Stubbornly higher inflation doesn't mean the Fed's wrong ... yet.
Semiconductor shortage is an all-around positive for these asset-backed securities.
Bond market plods ahead amid looming uncertainties.
Job gains miss while wages soar.
And now for something completely different ...
Fiscal policy uncertainty adds to market volatility.
Like a fox. China knows what it's doing.
The arrival of favorable seasonality supports bullish forces.
Typically yes, but headwinds might diminish them.
3 sectors may help investors deal with market obstacles.
A near-term pullback could represent an opportunity for long-term investors.
Biden’s decision on Powell and others risks market volatility
A tax and spending bonanza looms.
The economy is slowing amid a host of headwinds.
Markets will be watching closely as the House speaker orchestrates reconciliation.
The August jobs report is a huge miss.
Brief summer lull didn't derail solid fundamentals.
Fed Chair Powell stuck to the script at the central bank symposium.
Policymakers likely want to see a few more developments before announcing it.
'Buy the dips' continues to be the prevailing philosophy.
And most important, who decides?
We see inflation as a sustainable trend.
Like a quality stock, I can count on these fabulous shoes.
Can the pattern hold?
If everyone expects a pullback, maybe it doesn't come.
Will free college and absolving student loans make a difference?
Pursuit of returns fuels risk appetite and broader array of new issues.
Uncertainties linger when you dig into the weeds.
Stocks, for now, are looking past unknowns and seasonality.
Uncertainties and vacations may feed volatility but bull trend carries on.
Vaccinations are complicating students' return to campus.
After sentiment plummets, China appears keen to reassure investors.
Low supply across many sectors impaired GDP growth.
A higher-price regime can offer benefits.
With recession over, it's time to pare fiscal and monetary stimulus.
Seasonality and uncertainties are lurking.
Improving credit dynamics and rising demand make for solid 1-2 punch.
It's easy money all over despite rising inflation.
Inflation, debt ceiling, Covid-19 and politics are among the reasons.
Policy errors and Fed could pose problems later but it’s full steam ahead for now.
Bond market is priced, somewhat, for the Fed to get inflation right.
There are reasons it doesn't feel like a market on a roll.
The impact of the U.S. census on midterm elections and spending.
But underlying metrics are mixed.
Equity market's new highs mask issues lurking underneath.
Red-hot housing exposes a growing divide between buyers and builders.
A lot, perhaps. But the bipartisan package has to clear Congress first.
Goings-on in the sausage factory aren't bothering the markets.
As the central bank awakens to inflation risks, our policy-error fear fades.
America's back and the troubles are (arguably) fleeting ... in the nearer term.
The Fed's slight adjustments to overnight rates should have a big impact.
But what creates and drives it is what matters for the markets.
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.
It's time for the Fed to raise overnight rates.
Might political realities trip up Biden's massive agenda?
Though the environment has shifted dramatically, security selection again comes to the fore.
The FOMC didn't budge on policy or alleviate pressure in the overnight market.
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 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.
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.
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