Market Outlook
Market Outlook content
Market Outlook
Continuing last year's trend, our 2025 outlook shows fixed income benefiting from high rates, while equities face a narrowing edge over risk-free investments.
Market Outlook
Stay on track in 2025 to reach your financial goals by anticipating tax changes, managing inflation concerns, and being aware of risk management costs.
Market Outlook
The U.S. economy and stock market are entering 2025 from a position of strength, but risks of volatility—especially pertaining to policy—are much higher compared to last year.
Bond Insights
Strong 2024 performance may be tough to replicate given tight credit spreads, but we still have a favorable view on corporate bond investments given the strong economy.
Bond Insights
We believe municipal bonds currently offer a compelling balance of risk and reward for investors in higher tax brackets.
Market Outlook
The bond market is caught between the Federal Reserve's plans to cut interest rates and the risk of higher inflation and federal debt levels.
Market Outlook
International markets are expected to clear the hurdles of uncertain trade policy, tighter fiscal policy and slower than average economic growth to support solid overall returns.
Market Outlook
There's good news and bad news in the municipal bond market today. The bad news is that it has been the worst start to a year in more than 40 years. The good news is that the sharp selloff has created potential opportunities that largely haven't existed for 15 years.
During the second half of the year, we believe the muni market may present opportunities. We suggest that muni investors consider taking advantage of the recent selloff by moving up in both credit quality and coupon structure, and moderately extending duration if they have been investing in very short-term munis.