Commentary

Why Munis Should Hold Their Shine Amid Higher Rates

Municipal bonds have held up well this year, despite rising interest rates and inflation. Munis’ long-term outlook is strong too. What accounts for their outperformance in today’s environment?

Commentary

Will COVID-19 Accelerate Euro-Area Integration?

Widespread lockdowns have resulted in record output declines and soaring debt across the euro area. But the political response to the COVID-19 crisis may be positive for the European integration project—and for euro-area bond markets.

Commentary

Back to Business: Spending Surge Signals Demand

Global indicators continue to signal a sharp business recovery from last year’s COVID-19 pandemic lows. While inflation expectations are increasing as a result, business improvements offer multi-asset investors good reasons to remain tilted to equities for the next stage of the recovery.

Commentary

The Current State of Retirement Income

Retirement planning has evolved from a singular focus on savings to ensuring that account values provide income for life. Multiple generations of DC plan participants are concerned that they’ll outlive their retirement savings, and they’re turning to plan sponsors for solutions.

Commentary

Value Stocks—Still Plenty of Fuel in the Tank

After a strong rally for value stocks in recent months, some investors are wondering if the rebound will continue.

Commentary

What Could US Corporate Tax Hikes Mean for Share Buybacks?

As the US economy continues to reopen, economic growth is accelerating in line with our above-consensus forecasts.

Commentary

Will Household Savings Provide an Upside Growth Surprise?

Developed-market (DM) household savings recorded a significant gain last year, with an increase equivalent to 10% of combined gross domestic product (GDP).

Commentary

Are We in the Middle of a Paradigm Shift?

Paradigm shifts are driven by creativity and innovation. Innovation is attracted to and stimulated by inefficiencies in a big, lucrative marketplace, such as financial services. Recently, our industry has seen a growing number of innovations in how financial-services products are delivered to consumers.

Commentary

Stock Compensation Adds Risks for Growth Companies

Many US technology companies use stock compensation to help align workers’ performance with shareholder interests.

Commentary

Will the Sweet Spot for Smaller Value Stocks Persist?

US small-cap value stocks have enjoyed considerable success since value stocks began to outperform growth in October 2020.

Commentary

Resilient Recovery Stocks Transcend the Growth-Value Divide

Investors are reassessing which types of companies will thrive in the next stage of the recovery amid the recent rebound of value stocks.

Commentary

Future-Income Focus May Boost Current DC Plan Savings

Planning for retirement has historically been focused on saving as much as possible.

Commentary

Global Equities: Reviewing the Risks to Recovery

Global stocks rose in the first quarter, but volatile trading patterns reminded investors that the road to normal will be bumpy.

Commentary

Three Strategies for Navigating Turbulent Bond Markets

Today’s market environment taps into bond investors’ primal fears.

Commentary

Stocks Can Surmount a Return of Inflation

As US inflation expectations grow, many investors are concerned about the potential impact on stocks.