Commentary

Message from the Recent Bond Market Turmoil

The late-February spike in U.S. Treasury bond yields sent ripples throughout the global markets. As yields surged to the highest level in a year, stocks and commodities sold off sharply, while the dollar rallied.

Commentary

EleVation: Some V-Shaped Economic Data to Cheer

Looking at the latest economic data reveals V-shaped recoveries in many goods-based indicators; while services has more catch-up to do.

Commentary

Year of the Ox: Bullish for China?

The Year of the Ox looks bullish for China with economists and analysts forecasting GDP growth of 8.1% and earnings growth of 18% for the MSCI China Index. But February holds key developments for China that could impact this outlook, including stock delistings, trade, and COVID-19.

Commentary

Schwab Market Perspective: Disconnection

Hope is high that economic growth will accelerate as more people are vaccinated against COVID-19, but so far economic data has been lackluster. Meanwhile, bond investors are expecting inflation despite signs that the economic recovery’s momentum may be stalling. Why does everything seem so disconnected?

Commentary

Active Semi-Transparent ETFs: What’s Under the Hood?

This is a new type of exchange-traded ETF that is built differently from a traditional ETF.

Commentary

Lesson Learned? Takeaways From the GameStop Saga

As quickly as it soared to the moon, GameStop came back down to earth; but the lessons learned are key to turning day trading speculators into longer-term investors.

Commentary

Why Widespread Muni Defaults Are Unlikely to Happen

The COVID-19 crisis opened up cracks in the muni market, but we don’t expect those cracks to alter the reality that municipal bonds can be a relatively conservative investment option. Many municipalities are under stress, but that’s not a reason to avoid munis, in our view.

Commentary

Your Portfolio May Be Less Diversified Than You Think

When investors talk about “the stock market” they are most often referring to an index that tracks stocks only in their home country. This “home bias” is evident when it comes to the make-up of investors’ stock portfolios. Investors around the world tend to hold mostly domestic stocks.

Commentary

Steady as We Go: Fed Keeps Rates Unchanged

As expected, the Fed kept rates unchanged; but did make clear its view that vaccines are key to the trajectory of the economic recovery.

Commentary

Considering Bank Loans? Three Key Considerations

Bank loans offer some of the highest yields in the current interest rate environment. We believe their unique characteristics may prevent many investors from considering them, but it may be a mistake to overlook them.

Commentary

Bridging the Gap(s): Converging and Diverging Trends Stemming From the Crisis

As a review of the year that was, today’s report analyzes and dissects the nature of the K-shaped recovery in both the economy and stock market.

Commentary

Five Names for Investors to Know in the New Administration

Their decisions in the coming months could have an impact on the markets and investors.

Commentary

An Investors’ Guide to the 2021 Elections

Joe Biden takes the Presidential oath of office this week in the U.S., marking the end of a long U.S. political contest; a year of political challenges is just getting started overseas.

Commentary

Why Longer-Term Treasury Yields Are Rising

The new year kicked off with a sharp rise in Treasury bond yields, despite unprecedented political turmoil and signs that the economic recovery is slowing.

Commentary

Schwab Market Perspective: A Narrow Path Up

U.S. stocks have continued to climb amid optimism about a vaccine-led economic recovery, but it’s a narrow path—buoyant investor sentiment could easily be deflated by bad news. Although global economic growth has struggled, an acceleration in vaccinations in major countries could support stronger growth in the second quarter.