2025 was a good year for most fixed income markets but we’re approaching 2026 with caution. All-in yields are still attractive for most markets, but spreads (the additional compensation for owning riskier debt) are low, suggesting investors are

Reflecting back on 2025, a day has not gone by without investors debating AI’s impact, promise, or peril. Headlines were dominated by AI related stock news, yet the most enduring growth story was found beneath the surface — the steady and

Much like how U.S. equity markets were driven by top-heavy artificial intelligence (AI) themes, so were many stories and headlines. For evidence of this, look no further than the recently announced 2025 Time’s Person of the Year: Architects of

Key Points:

  • U.S. government funding currently runs out for most agencies on January 30, 2026, so it behooves investors to have a playbook for the next round of shutdowns.

 •  Going behind the scenes o

The bull market appears poised to extend its run in 2026, fueled by ongoing enthusiasm around AI and further easing of monetary policy from the Federal Reserve (Fed). However, with valuations running high and midterm election years often bringing mor

On Sunday afternoon, President Trump told reporters that he knew who he was going to officially pick to succeed Jerome Powell as Federal Reserve (Fed) Chair when Powell’s term expires in May 2026. While the formal announcement hasn’t been

In our Weekly Market Commentary on November 17, we previewed our Outlook 2026 publication, due out on December 9. We highlighted several keys for markets next year, covering the U.S. economy, stocks, and bonds. This week, we broaden our preview and t

With just 24 trading days left in 2025 and the S&P 500 up about 14%, a strong year for stocks appears highly likely. If you are skeptical, consider that we’re coming out of one of the best earnings seasons in years by the numbers, the fisca

Last week’s artificial intelligence (AI) led global equity rout captivated headlines, overshadowing notable developments flowing out of Tokyo. Recently elected Japanese Prime Minister Sanae Takaichi — the pro-growth and pro-stimulus polic

2025 has been an exceptional year for emerging market (EM) equities. South Korea has surged almost 80%, while South Africa, Brazil, and Mexico have each posted gains of more than 40% year to date. Within the MSCI country universe, six of the top 10 p