Markets & Economy

Tax Reform Bills Progress, but Many Hurdles Remain
by Michael T Townsend
November 17, 2017

Two tax reform proposals are moving through Congress, but the differences between them will need to be resolved before any bills become law.

Emerging Market Bonds: Time for Caution
by Kathy A Jones
November 17, 2017

Emerging market bonds have performed well so far this year, but high valuations and growing risks dent their appeal.

5 Reasons Investors Should Give Thanks
by Jeffrey Kleintop
November 13, 2017

Stock market investors have a lot to be thankful for.

Schwab Market Perspective: Incredible, Amazing…Unstop-a-bull?
by Liz Ann Sonders, Jeffrey Kleintop, Brad Sorensen
November 10, 2017

The bull market keeps powering through all potential setbacks—how long can it last?

Tax Reform: Key Differences Between the Senate and House Plans
by Michael T Townsend
November 09, 2017

Senate Republicans have released their version of tax reform. Here’s how the Senate plan differs from the House bill, and what to expect next.

Schwab Sector Views: ‘Tis the Season…Almost
by Brad Sorensen
November 09, 2017

How’s the consumer looking heading into the holiday shopping season?

Consumer Discretionary Sector Rating: Marketperform
by Brad Sorensen
November 09, 2017

Schwab's view on the consumer discretionary sector, which covers companies that sell non-essential goods and services.

Consumer Staples Sector Rating: Marketperform
by Brad Sorensen
November 09, 2017

Schwab's view on the consumer staples sector, which includes consumer items that tend to be viewed as household necessities.

Energy Sector Rating: Marketperform
by Brad Sorensen
November 09, 2017

Schwab's view on the energy sector, which encompasses companies that help produce and distribute energy.

Financials Sector Rating: Outperform
by Brad Sorensen
November 09, 2017

Schwab's view on the financial sector, which encompasses the financial services industry and is often referred to by the acronym FIRE, for finance, insurance and real estate.

Health Care Sector Rating: Outperform
by Brad Sorensen
November 09, 2017

Schwab's view on the health care sector covers health care equipment and services as well as  pharmaceutical and biotechnology companies.

Industrials Sector Rating: Marketperform
by Brad Sorensen
November 09, 2017

Schwab's view on the industrial sector, which includes providers of capital goods, commercial services, transportation services and infrastructure.

Information Technology Sector Rating: Outperform
by Brad Sorensen
November 09, 2017

Schwab's view on the information technology sector, which covers most makers and providers of computer, data, and electronic equipment and services.

Materials Sector Rating: Marketperform
by Brad Sorensen
November 09, 2017

Schwab's view on the materials sector, which describes an array of commodity-related manufacturing industries.

Real Estate Sector: Underperform
by Brad Sorensen
November 09, 2017

Schwab's view on the real estate sector, which covers companies involved in real estate and includes equity REITs.

Telecommunication Services Sector Rating: Underperform
by Brad Sorensen
November 09, 2017

Schwab's view on the telecommunications sector, including operators of telecom networks and providers of communications and data transmission services.

Utilities Sector Rating: Underperform
by Brad Sorensen
November 09, 2017

Schwab's view on the utilities sector, which covers a variety of industries that generate and deliver power and water.

House Tax Reform Bill: What Investors Need to Know
by Michael T Townsend
November 06, 2017

House Republicans have released their version of the tax reform bill, but this is just the first step in what will surely be a complicated and potentially contentious process.

One Thing Leads to Another: Productivity’s Rebound
by Liz Ann Sonders
November 06, 2017

This expansion’s productivity growth has been historically weak, but leading indicators—and solving for measurement problems—suggest reason for hope for the economy and stocks.

Fed Stands Pat in November; Gets Ready to Go in December
by Liz Ann Sonders
November 01, 2017

Surprising no one, the Fed kept rates unchanged; but strongly hinted that the market’s correct about the near-certainty of a December rate hike.

Spirit of the Season: Scary Charts for Investors
by Jeffrey Kleintop
October 30, 2017

We still see more treats than tricks for investors in the year ahead. But in the spirit of the season, we are sharing some scary charts of a few things we worry about late at night.

Takin Care of Business: Several Important Kickers for a Strong Capex Cycle
by Liz Ann Sonders
October 26, 2017

Since the initial surge out of the global financial crisis, capital spending has been range-bound; but there’s ample reason to expect a new upcycle.

Understanding the Federal Reserve’s Shrinking Balance Sheet
by Kathy A Jones
October 17, 2017

The days of easy monetary policy are coming to an end, as the Federal Reserve begins to reduce its $4.5 trillion balance sheet along with raising short-term interest rates. Here’s what this could mean for bond investors.

Fires, Hurricanes, and Earthquakes: What Disasters Mean For Markets
by Jeffrey Kleintop
October 16, 2017

2017 is likely to rank as the most costly year ever for natural disasters. From a purely economic perspective—where analysis replaces emotion—disasters tend to spur economic growth over the short and long-term despite the widespread destruction they leave behind.

The Waiting: Wage Growth and Inflation Finally Getting in Gear?
by Liz Ann Sonders
October 09, 2017

With wage growth picking up and the labor market even tighter, it’s time to put even traditional measures of inflation back on the radar screen.

Tax Reform Framework Released, but the Road Ahead Is Long
by Michael T Townsend
October 03, 2017

Republicans have finally released their most detailed tax proposal yet, but a busy legislative schedule could make it difficult to pass a law this year.

Inflation May Be The Biggest Question For Investors In 2018
by Jeffrey Kleintop
October 02, 2017

Central banks are behaving as if wages and inflation will revive in the year ahead. If they don’t, and central banks don’t alter their policy path, the global stock markets could be in for a rough 2018.

Comfortably Numb? An Update on Investor Sentiment
by Liz Ann Sonders
September 25, 2017

Stocks have bucked all manner of fierce storms—figurative and literal—and optimism (and possibly risk) has risen as a result.

The Fed’s on the QT
by Liz Ann Sonders
September 20, 2017

Having loudly telegraphed its decision in advance, the Fed announced it would start to shrink its behemoth $4.5 trillion balance sheet; but held rates steady.

How the Shift by Central Banks May Affect the Stock Market
by Jeffrey Kleintop
September 18, 2017

Despite the coming shift by central banks towards trimming/tapering their balance sheets, we don’t believe the bull market is at risk.

Panic Is Not a Strategy—Nor Is Greed
by Liz Ann Sonders
September 13, 2017

Why doing nothing may be the best response to market volatility.

Trying to Reason With Hurricane Season: The Aftermath of “Harma”
by Liz Ann Sonders
September 11, 2017

The dual hurricanes of Harvey and Irma will continue to exact their toll on households, businesses and the economy; but less on the stock market.

Debt Ceiling Deal Pushes Showdown in Congress to December
by Michael T Townsend
September 07, 2017

Trump’s acceptance of a short-term deal to suspend the debt ceiling and keep the government running could complicate some already contentious policy debates set for this year.

U.S. vs International: What Do Earnings Tell Us About What May Be Ahead?
by Jeffrey Kleintop
September 05, 2017

Over the past 15 years, earnings per share for both international and U.S. companies went from $33 to $108, but they took very different paths, illustrating the diversification benefits of global investing.

Congress Returns to Face Debt Ceiling, Government Shutdown Deadlines
by Michael T Townsend
August 31, 2017

Lawmakers face key deadlines in September, and the political uncertainty is likely to drive increased market volatility.

Radioactive II: Could the Tide Finally Be Turning for Active vs. Passive?
by Liz Ann Sonders
August 28, 2017

Passive investment management continues to reign over active, but active is staging a counterattack and is being aided by plunging correlation and widening sector dispersions.

What's the Bigger Risk: Bond Market Bubble or Complacency?
by Kathy A Jones
August 24, 2017

We don’t think fleeing bond investors are poised to trigger a collapse in the bond market, but caution is in order as a moderate rise in yields looks likely.

Earnings May Be About to Do Something They’ve Never Done Before
by Jeffrey Kleintop
August 21, 2017

For the world’s stock market to continue to rise, it is our view that after trying and failing three times over the past 10 years earnings per share must push through the ceiling of $30.

Twist and Shout: United States Takes on North Korea … Implications for Stocks
by Liz Ann Sonders
August 14, 2017

Rising tension between the United States and North Korea was a catalyst for a swift reversal in stocks last week, but not the only reason.

What Are Fund Flows Telling Us About Trends and Risks in the Global Stock Market?
by Jeffrey Kleintop
August 07, 2017

What are fund flows telling us about trends and risks in the global stock market?

Health Care Reform: What Investors Should Know
by Michael T Townsend
July 28, 2017

What’s next for health care policy? Here are some questions and answers about the current situation in Washington and potential implications for investors.

An Important Benefit to Global Investors Is Back After 20 Years
by Jeffrey Kleintop
July 24, 2017

What’s happening in the markets that could benefit investors?

Dollar Decline: Time to Shift to International Bonds? Maybe Not
by Kathy A Jones
July 12, 2017

The U.S. dollar weakened in the first half of 2017, leading some investors to wonder whether a key attraction of U.S. bonds is likely to fade away—and whether they should consider investing in international developed market bonds instead.

Where’s the Next Bubble?
by Jeffrey Kleintop
July 10, 2017

The current candidates for the next bubble do not seem to fit the classic bubble profile and may cause less potential damage if they were to burst, but that doesn't mean they don't carry risks for investors.

2017 Mid-year US Equity Outlook: Rattle and Hum
by Liz Ann Sonders
July 03, 2017

Neither partisan conflict nor monetary policy uncertainty has dented the U.S. equity bull market; but are risks rising in the second half?

2017 Mid-year Global Market Outlook: Broader Growth, Narrower Risks
by Jeffrey Kleintop
June 26, 2017

Global stocks may continue to rise in the second half of the year supported by broad global economic growth and receding political risks.

Washington Midyear Update: 4 Key Issues for Investors to Watch
by Michael T Townsend
June 23, 2017

Here’s a brief update on four key issues in Washington that investors should be keeping an eye on as we move into the second half of the year.

The Space Between … Tech Today Doesn't Resemble Tech Circa 2000
by Liz Ann Sonders
June 19, 2017

Since the 5% pullback in the S&P 500's technology sector some are drawing parallels to the bubble peak in 2000; which we think is a stretch.

Bond Market Mid-Year Outlook: Redefining the Borders of ‘Lower for Longer’
by Kathy A Jones
June 16, 2017

In the second half of 2017, we expect10-year Treasury yields to remain in a 2% to 2.5% range, consistent with the eight-year “lower for longer” theme in the bond market.

Fed Raises Rates, Sticks With Plans for One More Hike This Year
by Kathy A Jones
June 14, 2017

As expected, the Federal Reserve raised its benchmark target rate at its June meeting. However, the market seems less concerned about inflation than the Fed does.

Fed Raises Rates, Sticks With Plans for One More Hike This Year
by Kathy A Jones
June 14, 2017

As expected, the Federal Reserve raised its benchmark target rate at its June meeting. However, the market seems less concerned about inflation than the Fed does.

Are Bonds Signaling a Major Stock Market Peak?
by Jeffrey Kleintop
June 12, 2017

Does the flattening yield curve in the bond market and rising prices in the stock market reflect a fundamental disagreement on the prospects for the global economy?

Will the Fed Reduce Its Balance Sheet? What Bond Investors Should Know
by Kathy A Jones
June 01, 2017

The Federal Reserve may soon announce plans to reduce the size of its balance sheet. What does that mean, and should bond investors be concerned?

The Long Period of Underperformance for Emerging Market Stocks May Finally Be Over
by Jeffrey Kleintop
May 30, 2017

The end of the long period of emerging market stocks’ underperformance is supported by a recent change in trend for each of the four drivers of emerging markets.

Is the Stock Market Just Quiet or Is It Too Quiet?
by Jeffrey Kleintop
May 15, 2017

Does the low volatility and trading volume of this quietly rising stock market mean it’s vulnerable to a sharp pullback on any piece of bad news?

Interpreting Federal Reserve Communications
by Kathy A Jones
May 11, 2017

When it comes to communications from the Fed, what’s important and what’s just noise?

What the Coming Tax Cuts Mean for the Stock Market
by Jeffrey Kleintop
May 01, 2017

The leaders of most major countries are implementing or calling for corporate tax cuts. This may be welcome news for stock market investors since it could mean a boost to after-tax profits.

Trump’s First 100 Days: Key Observations
by Michael T Townsend, Randy Frederick
April 28, 2017

As President Donald Trump approaches his 100th day in office, Michael Townsend, Schwab’s vice president of legislative and regulatory affairs, and Randy Frederick, vice president of trading and derivatives, share their observations.

Congress Facing Possible Government Shutdown—Again
by Michael T Townsend
April 21, 2017

As members of Congress return to Washington after a two-week recess, they are confronted with an all-too-familiar crisis: the prospect of a government shutdown.

Three Reasons to Own Bonds When the Fed is Raising Interest Rates
by Kathy A Jones
April 19, 2017

Even in a rising rate environment, bonds can offer three key benefits: diversification, capital preservation and income.

Missiles and Markets: An Investor Guide to Geopolitical Risks
by Jeffrey Kleintop
April 17, 2017

The long history of U.S. missile strikes and NATO military operations shows us that the market impacts of these geopolitical conflicts have been small and brief.

Emerging Market Bonds: Can the Hot Start In 2017 Continue?
by Kathy A Jones
April 06, 2017

Emerging market bond prices have surged in 2017, but valuations are stretched and risks remain.

Top Five Trade Issues Investors Should Be Watching
by Jeffrey Kleintop
April 03, 2017

World trade is steadily rising, but changing trade agreements hold the potential to shape the direction of global trade and stock markets.

Why the Health Care Stumble Could Complicate Tax Reform
by Michael T Townsend
March 30, 2017

Republicans’ failure to pass health care reform raises questions about when—and whether—they can overhaul the tax code.

The Fed has China in a Tough Spot
by Jeffrey Kleintop
March 20, 2017

The Fed rate hike has put China in a tough spot in early 2017. How China responds will be important for global markets as investors assess the trade fallout and growth trajectory for the world’s second largest economy.

Return of the Debt Ceiling: What It Means for Investors
by Michael T Townsend
March 14, 2017

A deal that suspended the limit on Treasury debt is set to expire, setting up a potential fight in Congress later this year.

The future of Europe: EU 2.0 and its impact on the markets
by Jeffrey Kleintop
March 06, 2017

What does Europe’s future look like and what might it mean for investors?

Presidential Reset: What Does Trump’s Speech Mean for His Agenda?
by Michael T Townsend
March 02, 2017

The president struck an optimistic tone in his first address to Congress, but the hurdles facing his key policies remain.

Closed-End Bond Funds: How They Work and What You Should Know As Rates Rise
by Kathy A Jones
March 02, 2017

Closed-end bond funds are a popular way for investors to garner extra yield when interest rates are low, but rising rates can negatively affect their performance. Here’s what you should know about these investments.

What would a shake-up at the Fed mean for bond investors?
by Kathy A Jones
February 28, 2017

Significant turnover will likely hit the Fed in the next few years. The changes may result in a shift in the way the Fed sets policy.

The Stock Market Sees Nothing to Worry About—That May Be About to Change
by Jeffrey Kleintop
February 21, 2017

Stock markets are currently behaving as if there is nothing to worry about, but that may be about to change now that we are within 45 trading days of the French Presidential election.

The Rise of Real Estate Stocks
by Brad Sorensen
February 17, 2017

Increasingly popular equity REITs can yield substantial dividends—but carry special risks.

What Does Fiscal Stimulus Mean for Bond Investors?
by Kathy A Jones
February 17, 2017

The shift from monetary policy to fiscal policy could be a game changer for the world’s bond markets.

Washington’s Way: Why Trump’s Policy Changes Could Take Time
by Michael T Townsend
February 15, 2017

Trump started his presidency with a flurry of executive actions, but priorities such as a new health care law, tax reform and infrastructure spending could take months.

Simple Indicators In A Complex World
by Jeffrey Kleintop
February 06, 2017

When people feel there is a situation that is out of their control or too complicated to analyze, they often fall back on rules of thumb to make decisions.

5 Themes to Watch as the Trump Era Begins
by Michael T Townsend
January 27, 2017

It’s too soon to say how Trump’s policy proposals will fare as they confront the realities of Washington, but investors should still keep a few themes in mind.

Five Reasons to Stay Invested Despite Heightened Uncertainty
by Jeffrey Kleintop
January 23, 2017

There are five reasons to stay invested despite the heightened uncertainty.

Anatomy of a Bond Bear Market: What to Look For When Yields Rise
by Kathy A Jones
January 19, 2017

With yields surging from last summer’s record lows, are bonds at the start of a long-term bear market? To answer that question, you must first determine what constitutes a bear market in bonds.

Not Fade Away: Will High Consumer/Business Confidence Fade or Persist?
by Liz Ann Sonders
January 17, 2017

Most measures of both consumer and business confidence have surged post-election; with consumer confidence likely more stable and business confidence possibly more fickle.

The CURE for a calm market: Four risks for 2017
by Jeffrey Kleintop
January 09, 2017

After a calm post-election climb for stocks, developments in China, United Kingdom, Russia, and Europe may bring a return of volatility.

New Congress Plans Ambitious Agenda
by Michael T Townsend
January 05, 2017

From tax and healthcare reform to looming deadlines on the debt ceiling and budget, the 115th Congress has a lot of work to do in the coming months. What should you expect?

Will the U.S. Dollar Bull Market Continue in 2017?
by Kathy A Jones
January 05, 2017

The U.S. dollar looks set to continue rising this year, but the risks to the rally increase as the bull market ages.

Changing Conditions: A Bond Market FAQ
by Kathy A Jones
December 13, 2016

Yields have surged and potential changes in taxes, government spending and interest rates could make the bond market more volatile. What does it mean to investors?

5 Reasons International Stocks May Underperform in 2017
by Jeffrey Kleintop
December 12, 2016

There are five key reasons developed international stocks may lag U.S. stocks again in 2017.

Bond Market Outlook: Higher Rates and Known Unknowns
by Kathy A Jones
December 01, 2016

The incoming administration’s proposals for taxes, spending and trade could create waves in the bond market. Caution may be in order.

Happy Unrecession: The Alice in Wonderland Economy
by Jeffrey Kleintop
November 28, 2016

While the odd and upside-down developments confronting investors may seem mad, the stock market gains are not as misguided or illogical as they may at first seem.

Global Investing: 6 Trends to Watch
by Jeffrey Kleintop
November 14, 2016

A look at the backdrop for global investing in 2017.

Why Invest in International Bonds?
by Kathy A Jones
November 14, 2016

International bonds have a role to play in a diversified portfolio.

Could Tax Cuts Really Happen in 2017?
by Michael T Townsend
November 14, 2016

Not long ago, major U.S. tax reform was an extreme long shot. Donald Trump’s presidential win, along with Republicans retaining Congress, changes the game. Will we see tax cuts as early as 2017?

President Trump and Global Trade: How Will Campaign Promises Play Out?
by Jeffrey Kleintop
November 10, 2016

Even if he carries out his most aggressive campaign proposals, we believe the consequences could be less damaging than they might at first seem.

Trump Pulls Off an Upset
by Michael T Townsend
November 09, 2016

Donald Trump pulled off an astonishing upset to win the White House. However, because he has provided less detail about his policy positions than a traditional campaign, it may take some time for markets to sort out his priorities.

Change Is in the Air: A Post-Election Look at Bonds
by Kathy A Jones
November 09, 2016

The election results look set to continue the shift toward increased fiscal spending and higher inflation, but some caveats are in order.

Election Night: How to Watch the Returns
by Michael T Townsend
November 02, 2016

Wondering when the results will roll in? We break down the polling schedules and look at some of the key Congressional races that will determine who will set the agenda in 2017.

The Fed Plays It Safe, December Hike Likely
by Kathy A Jones
November 02, 2016

The Federal Reserve kept rates on hold at its November meeting, but hinted at a December rate hike as employment data and inflation are pointing in the right direction.

Recession Odds Pass Key Threshold
by Jeffrey Kleintop
October 31, 2016

A reliable historical indicator suggests the events of October may have been more soothing than scary for long-term investors.

Final Clinton-Trump Debate Sets Up a Sprint to the Finish Line
by Michael T Townsend
October 21, 2016

The third debate was surprisingly substantive, and the discussion of budget deficits and the debt was an important one for investors.

Three Reasons Stocks May Avoid Another Lost Decade
by Jeffrey Kleintop
October 17, 2016

The end of September marked 10 years with no growth in earnings and nine years with no gain in the stock market—what will the next 10 years offer investors?

Where Do the Candidates Stand? Key Issues for Investors
by Michael T Townsend
October 10, 2016

All the personal attacks in the second presidential debate left little time for substantive policy discussions. Here are some of the key differences between the candidates.

Are Bond Yields About to Rise?
by Kathy A Jones
October 06, 2016

Is the market ready for higher bond yields? After years of extremely low yields at home and a surge in negative-yielding debt in Europe and Japan, you might think the market would seize on any sign that conditions may be changing.

Going Godzilla: What has the Bank of Japan Unleashed?
by Jeffrey Kleintop
October 03, 2016

The Bank of Japan faces a rising risk that their policy has created a monster that may be getting harder to control.

With a Whimper Instead of a Bang: Is the Great Bond Bull Market Over?
by Kathy A Jones
September 27, 2016

U.S. Treasury yields may have bounced, but global economic weakness will likely keep them under pressure.

What to Watch for When Clinton, Trump Debate
by Michael T Townsend
September 20, 2016

There’s a lot at stake for Trump and Clinton in the first debate. Here’s what to watch for as the drama unfolds.

World Tour: An Around The World Look At the Economic Landscape
by Jeffrey Kleintop
September 19, 2016

The global picture may have brightened a little, thanks largely to Asia, but with little momentum to that improvement.

Taxes: How do Trump, Clinton Proposals Stack Up?
by Michael T Townsend
September 14, 2016

Tax policies are a key part of many presidential candidates’ platforms. Here’s how Clinton and Trump’s tax proposals compare and contrast.

Candidates Prep for Highly Anticipated Fall Debates
by Michael T Townsend
September 07, 2016

The presidential debates pit two candidates with completely different styles against each other. How will they prepare for their polar opposites?

Mind the Gap: Are Earnings Expectations Too High?
by Jeffrey Kleintop
September 06, 2016

After a year and a half of cutting their earnings estimates for the world’s companies by a total of 14%, analysts have spent the past six months raising them. Are they now expecting too much?

Your portfolio may be less diversified than you think
by Jeffrey Kleintop
August 22, 2016

Investors with a large home bias in their portfolio may not be nearly as diversified as they believe.

China’s Changing Economy: How It Could Affect Sectors
by Brad Sorensen
August 12, 2016

Some sectors may gain, and others lag behind, as China’s economy shifts gears.

Does Zika pose an Olympic-sized risk to stocks?
by Jeffrey Kleintop
August 08, 2016

While the threat of Zika at the Olympic Games may garner headlines, past world pandemics show us that the market impact has not been significant—even when the global economy was especially vulnerable to a shock.

After the Conventions: What’s Next in the Race for the White House?
by Michael T Townsend
August 04, 2016

Most presidential races have a lull between the conventions and debates. This election leaves several key trends to watch.

DNC 2016: Key Issues to Watch
by Michael T Townsend
July 21, 2016

The Democratic National Convention kicks off next week in Philadelphia. Here are some of the key issues to watch.

Three Reasons Why Now is Not the Time to Retreat from Global Diversification
by Jeffrey Kleintop
July 11, 2016

The Brexit is another in a series of political, economic and financial shocks coming from outside the United States. So is it time for long-term investors to retreat from global diversification to the perceived relative safety of the U.S. stock market?

After the Brexit Vote: What Lies Ahead for Markets?
by Jeffrey Kleintop
June 27, 2016

U.K. voters’ decision to  have decided to leave the European Union has rocked global markets. What does will “Brexit” mean for the markets for investors going forward?

Election 2016: Will VP Choices Make a Difference?
by Michael T Townsend
June 22, 2016

Vice-presidential selections are the next big event for the 2016 election. Those choices may have a bigger impact on election outcomes this time.

What investors need to know about helicopter money
by Jeffrey Kleintop
June 13, 2016

The return of deflation in Japan has led some to call for the use of “helicopter money” which we see as unlikely to be effective at boosting growth, but may raise the risks to the global financial system.

A Presidential Election Like No Other
by Michael T Townsend
June 08, 2016

The 2016 presidential election is shaping up to be unique in many ways, and will attract extra attention from investors.

Five ways investors can make the most of slower growth
by Jeffrey Kleintop
May 31, 2016

Making the most out of a slower growth environment may help define investment success in the coming years leading investors to find bright spots among mega-caps and emerging market stocks.

Trust but Verify: Five Independent Indicators of China’s Economy
by Jeffrey Kleintop
March 07, 2016

Some data coming out of China could be considered questionable. Learn where to look for a more accurate picture.

A World of Ideas
by Jeffrey Kleintop
February 24, 2016

Using themes to guide your global investments can help you transcend geography.

Negative Interest Rate Policy Adds Up To Less than Zero for Investors
by Jeffrey Kleintop
February 08, 2016

While central banks’ QE programs lifted stock prices in recent years, the latest shift by central banks to negative interest rate policy seems to be weighing on stocks and may be working against their intentions of promoting economic growth.

Central Banks to the Rescue?
by Jeffrey Kleintop
January 25, 2016

Rather than rescuing investors, comments from central bankers are more likely to create volatility in the markets until the global economic path is clearer.

How Rate Hikes Impact International Stock Markets
by Jeffrey Kleintop
December 21, 2015

The central banks of 20 nations raised interest rates in 2015, but not all countries are as well–positioned as the U.S. to handle the impact of rate hikes.

5 Ways Climate Policies May Impact Your Portfolio
by Jeffrey Kleintop
December 17, 2015

With climate-change concerns shaping new government and business policies, investors should be aware of the potential effects on global markets.

Decoding Devaluations: What Do Currency Moves Mean for Your Money?
by Jeffrey Kleintop
December 07, 2015

Find out more on how currency devaluations could impact your investment portfolio.

Devil Inside, Redux: Another Look at the Variety of U.S. Market Valuation Metrics
by Liz Ann Sonders
November 30, 2015

Looking again at some popular valuation metrics, it’s a mixed bag … with mixed messages, suggesting as always that valuation is in the eye of the beholder.

India Becomes World’s Fastest Growing Economy: What Investors Need to Know
by Jeffrey Kleintop
November 23, 2015

India has taken the title of the world’s fastest growing economy from China. Despite obvious similarities, the differences between these two economies mean the new leadership holds unique impacts for the global economy and markets.

Washington Gridlock
by Michael T Townsend
August 26, 2015

How markets may react to the latest round of brinkmanship.

Ready for Higher Rates
by Kathy A Jones
August 26, 2015

Ladders and barbells can help prepare your bond portfolio for rising rates.

Don’t Overlook Emerging Markets
by Jeffrey Kleintop
August 26, 2015

They could offer attractive growth and diversification benefits.

A Bond Buyer’s Yield Guide
by Kathy A Jones
May 22, 2015

Which measure should you use?

Devil Inside: Dissecting the Most Popular Valuation Metrics
by Liz Ann Sonders
May 18, 2015

Shiller’s CAPE says the US stock market is grossly overvalued; while traditional P/Es say only mildly so…what’s to make of the wide gap?

Slowdown in China
by Jeffrey Kleintop
March 23, 2015

China’s economy is changing gears. What does that mean for investors?

Building Bond Ladders for Income
by Kathy A Jones
February 04, 2014

Building a bond ladder can help you earn income now. Plus, bond ladders give you the flexibility to reinvest in higher-yielding bonds if interest rates rise.

Eye of the Beholder: Dissecting the Variety of Price-Earnings Ratios
by Liz Ann Sonders
April 02, 2013

There are many ways to value the stock market. Here, a look at several popular metrics, along with my view on the attractiveness of stocks.