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Market Commentary, 10/18/21

Don’t get spooked! Barron’s Big Money Poll is an exclusive survey of market sentiment among professional investors. Last week, Nicholas Jasinski reported on 2021’s findings:

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Market Commentary, 9/20/21

In recent weeks, bullish sentiment has drifted lower like sediment settling after a storm.  Every month, Bank of America (BofA) surveys global asset managers. The

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Market Commentary, 8/9/21

Are we there yet? For months, investors have wondered when the Federal Reserve (Fed) might begin to “normalize” its policies, a process that will eventually

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Market Commentary, 7/26/21

The Markets Shortest ever. Last week, the National Bureau of Economic Research (NBER) finally announced the official dates for the recession that occurred in 2020.

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Picking Up Speed

In the first half of 2021, the U.S. economy powered forward faster than nearly anyone had expected. Speed can be exhilarating, but it can also

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Market Commentary, 7/6/21

The Markets The world is about halfway back to normal. The Economist developed theGlobal Normalcy Index (GNI) to measure the post-pandemic return to normal. In

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Market Commentary, 6/28/21

The Markets What begins with the letter “I”? Infrastructure is essential and sometimes taken for granted. Pipes carry drinking water to our homes, offices, and

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Market Commentary, 6/14/21

The Markets It’s transitory. It’s not transitory. It’s transitory. It’s not transitory. Media analysts were plucking the inflation daisy petals last week. On Thursday, the

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Gearing Up For Summer

As we move into June, a path to normalcy is coming quickly with stadiums allowing full capacity, restaurants filling up, and summer vacations in full

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Market Commentary, 5/17/21

The Markets Uncle Inflation is here. Will he overstay his welcome? Ever since the financial crisis, central banks have pursued expansionary monetary policies to encourage

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Market Commentary, 5/10/21

The Markets Like a gender reveal gone wrong, last week’s employment report delivered an unexpected surprise. Economists estimated 975,000 new jobs would be created in

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Out of the Shadows

As the calendar has turned to May, the popular “Sell in May and Go Away” stock market cliché is getting a lot of airtime. This

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Market Commentary, 4/19/21

The Markets Where are Treasury bonds going? The direction of bond yields is influenced by investors’ expectations for economic growth, among other factors. When economic

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Market Commentary, 4/5/21

The Markets Zoom, zoom, zoom. Big economies tend to recover from recessions about as quickly as semi-trucks accelerate from stop lights. In other words, recovery

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Market Commentary, 3/29/21

The Markets Last week, unemployment claims were looking good and consumers were feeling good. The number of Americans applying for first-time unemployment benefits declined. Just

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Market Commentary, 3/22/21

The Markets What are professional asset managers thinking? Bank of America recently published the results of its March global asset managers’ survey, which polls 220

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Market Commentary, 3/1/21

The Markets Students of financial markets may have noted a historically unusual event last week. On Thursday, the yield on 10-year U.S. Treasury notes briefly

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Stay on Course

“In the short-term, the market is a popularity contest. In the long-term, the market is a weighing machine.” Warren Buffett 2021 is under way, as

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Market Commentary, 1/25/21

The Markets Last week, as COVID-19 vaccination efforts continued, there was speculation about stock market corrections and asset bubbles. On Sunday morning, Bloomberg reported 63

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Market Commentary, 12/21/20

The Markets Congress is at $900 billion, will they hear $1.4 trillion, $1.4 trillion, governments at $900 billion, who’ll go $1.4 trillion, $1.4 trillion… The

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Outlook for 2021

As 2020 comes to a close, we are already looking forward to a new year—and to a world very different from the one we’re leaving

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Market Commentary, 11/30/20

The Markets Last week, vaccine optimism immunized investors against signs of economic weakness. In previous commentaries we’ve written about narrative economics, which holds that popular

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Market Commentary, 11/9/20

The Markets It’s said markets hate uncertainty, but that wasn’t the case last week. Despite tremendous uncertainty about the outcome of the United States election,

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Election 2020 Is Undecided

The American people have voted, casting a record number of ballots under extraordinary circumstances, which is a testament to the enduring resilience of our democracy.

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Market Commentary, 10/19/20

The Markets It was a turbulent week for investors. Waves of positive and negative news buffeted financial markets last week: The financial sector delivered upbeat

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