Some soft data metrics have started to rebound sharply and catch back up to relatively resilient hard data, but it's too soon to say whether the gap is definitively closing.
The wildfires may affect some municipal bond issuers in the devastated areas, but the impact to other California bonds or to the broader muni market is likely limited.
Investors and markets are anxious to see when and how the new Congress will implement the massive Republican policy agenda. But the details matter, and the answers will take time.
Stocks are coming off another banner year, but strength has bred a frothy sentiment environment, which continues to loom as a risk for likely coming volatility.
Find Market Commentary content
Preferred Securities: Balancing Yield with Risk
Are Preferred Securities Still Attractive?
Markets React to a New Administration
Hard to Handle: A Look at Hard vs. Soft Data
Are California Fires a Risk to the Muni Market?
Climate Shocks & the Muni Bond Market
Edgy Investors Waiting to See How Policies Unfold
Does the Resilient Economy Equal a Higher Potential Growth Rate?
It Was a Very Good Year