Advisor Services

To expand the menu panel use the down arrow key. Use Tab to navigate through submenu items.

Markets & Economy

by
August 21, 2019
Negative interest rates—especially at the long end of the yield curve—are a new phenomenon.
by
Jeffrey Kleintop
August 19, 2019
If rate cuts aren’t seen as enough to address slowing growth and policymakers turn to direct currency intervention, the resulting currency war could be bad news for investors.
by
Liz Ann Sonders
August 12, 2019
Current economic conditions do not look recessionary, but risks are rising and if we’re heading into one, it’s possible it already started.
by
Jeffrey Kleintop
August 05, 2019
Another round of trade tariffs is an additional hit to manufacturing, potentially deepening the global slowdown into a recession, despite the efforts of the Fed and other central banks.
by
Liz Ann Sonders
July 29, 2019
The national debt and deficits remain at worrisome levels, spawning questions of how economic growth will be affected and whether we will hit another wall.
by
Michael T Townsend
July 25, 2019
If approved, the bipartisan congressional agreement to set federal spending caps and suspend the debt ceiling for two years will remove significant uncertainty.
by
July 24, 2019
Longer-term bond yields may rise if the market believes rate cuts will lead to stronger economic growth and inflation down the road.
by
Jeffrey Kleintop
July 22, 2019
Economic indicators don’t have to be complicated to work. We look at four alternative indicators for the main driver of the global economy and assess how interest rate cuts might impact them.
by
Liz Ann Sonders
July 15, 2019
Round number crosses for each of the three major U.S. equity averages over the past month helped elevate investor sentiment, but is it now stretched?
by
Jeffrey Kleintop
July 08, 2019
Valuations suggest international stocks may produce above average, double-digit annualized total returns over the next 10 years, in contrast to below average, mid-single digit returns for U.S. stocks.
by
July 02, 2019
International bonds have a role to play in a diversified portfolio.
by
Liz Ann Sonders
July 01, 2019
If you just woke from an 18-month slumber and looked at the market you might be fooled into thinking it’s gone nowhere; but what a ride it’s been.
by
Jeffrey Kleintop
June 24, 2019
We highlight the risks that threaten a vulnerable global economy and the investment opportunities that may surprise unprepared investors.
by
Liz Ann Sonders
June 20, 2019
Myriad economic, market and policy battles are raging today; providing some color, but lots of gray area as we look ahead to the second half of the year.
by
Liz Ann Sonders
June 14, 2019
It doesn’t take much of a market downturn these days for investors to pull in their bullish horns; but more may be needed for market stabilization.
by
March 28, 2019
Here’s a look at how bonds and bond funds investments differ—and when one might make more sense than the other.
by
Liz Ann Sonders, Jeffrey Kleintop, Brad Sorensen
March 05, 2019
Recession fears have risen and stocks have become more volatile, but is now the time to prepare for a sharp downturn?
by
Brad Sorensen
March 05, 2019
Sectors have had a relatively steady relationship with the business cycle, but is it changing—and if so, what does it mean for investors?
by
Brad Sorensen
March 05, 2019
Schwab's view on the real estate sector, which covers companies involved in real estate and includes equity REITs.
by
Brad Sorensen
March 05, 2019
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.
by
Brad Sorensen
March 05, 2019
Schwab's view on the communications sector, including operators of telecom networks and providers of communications and data transmission services.
by
Brad Sorensen
March 05, 2019
Schwab's view on the industrial sector, which includes providers of capital goods, commercial services, transportation services and infrastructure.
by
Brad Sorensen
March 05, 2019
Schwab's view on the consumer discretionary sector, which covers companies that sell non-essential goods and services.
by
Jeffrey Kleintop
March 05, 2019
Economic growth for many of the world’s biggest economies is expected to slow in 2019, yet China appears to be the only one planning on implementing economic stimulus. While a bounce from China’s stimulus is possible, we believe global growth is likely to slow as the economic cycle nears a peak, leaving investors to consider reducing volatility by trimming the more volatile asset classes such as emerging market stocks.
by
Jeffrey Kleintop
March 05, 2019
There are some reasons to think that the probability of a repeat of a past crisis has eased. The changes we have seen should help reduce the vulnerability of the global system to shocks like those of the past. Of course, risk has not been entirely eliminated from the system.
by
Jeffrey Kleintop
March 01, 2019
The U.S. stock market’s relentless run-up has left many investors exposed. Now may be the time to allocate elsewhere.
by
Liz Ann Sonders
February 26, 2019
Why doing nothing may be the better response to market volatility.
by
Jeffrey Kleintop
February 04, 2019
As investors ponder what this year may hold in store for the markets, the inter-relationships between politics, economics, fiscal policy, monetary policy, and corporate actions can seem very complex. Investors may feel overwhelmed and seek a simple answer. When people feel there is a situation that is out of their control or is too complicated to analyze, they often fall back on rules of thumb to make decisions.
by
Liz Ann Sonders
January 28, 2019
The Conference Board’s release of December’s Leading Economic Index was notable for its continued trend deterioration; and the second decline in three months.
by
January 24, 2019
Despite a recent increase in risk appetite, we still see plenty of reasons for fixed income investors to remain cautious in 2019.
by
Jeffrey Kleintop
January 22, 2019
After last year’s U.S. tax cuts contributed to better growth and market performance, a number of major countries are looking to reverse the declines in growth and voter satisfaction with tax cuts in 2019.
by
Michael T Townsend
January 18, 2019
The economic effects of the longest shutdown in history could become more evident as the weeks pass. Should investors be concerned?
by
Liz Ann Sonders
January 14, 2019
The economy and earnings grabbed headlines last week; with a sharp acceleration in real GDP growth, and concerns about earnings thanks to Facebook’s face plant.
by
Jeffrey Kleintop
January 07, 2019
In recent months, stock market participants have been focusing on downside risks in 2019, but not all risks are to the downside.
by
Michael T Townsend
January 02, 2019
A new Congress gets to work this week. Here are some of the items that could be on the agenda.
by
Liz Ann Sonders
December 17, 2018
Can the U.S. economy make it to next July, when it would become the longest expansion in the post-WWII era? Let’s take a look.
by
Jeffrey Kleintop
December 10, 2018
Global growth is likely to slow in 2019 as the economic cycle nears a peak. International stocks may continue to see heightened volatility and could enter a bear market if key indicators continue on their current path.
by
December 05, 2018
The worst may be over for the bond bear market.
by
Jeffrey Kleintop
December 05, 2018
Global growth may slow in 2019 as the economic cycle nears a peak, with increasing drag from worsening financial conditions combining with full employment and rising prices.
by
Liz Ann Sonders
December 05, 2018
U.S. economic growth was strong in 2018, but some of the forces behind that strength were either short-term or likely to fade going forward.
by
Brad Sorensen
November 28, 2018
Do Facebook’s recent travails spell trouble for the rest of the tech sector?
by
November 28, 2018
After more than two years of steadily rising interest rates, we believe 2019 could mark the peak in U.S. Treasury yields for the current business cycle. However, while the prospect of more stable or lower interest rates may be positive for bond investors, we expect the road ahead to be bumpy.
by
Jeffrey Kleintop
November 26, 2018
Ominous signs for the world economy may be causing stocks to price in an imminent global recession. However, these appear to be isolated, short-term events that already show signs of stabilization. Growth may rebound in the near-term and offer some relief for stocks.
by
Jeffrey Kleintop
October 29, 2018
Recent stock market behavior and our belief in heightened risk of a peak in the global economic cycle in the next 6-18 months, makes it a good time to consider what has happened to stocks in a typical recession and bear market.
by
Brad Sorensen
October 25, 2018
Schwab's view on the utilities sector, which covers a variety of industries that generate and deliver power and water.
by
Brad Sorensen
October 25, 2018
Schwab's view on the energy sector, which encompasses companies that help produce and distribute energy.
by
Liz Ann Sonders
October 24, 2018
Investors often focus on the “good/bad” level of economic indicators, without regard to the stock market’s keen ability to sniff out “better/worse” inflection points.
by
Brad Sorensen
October 11, 2018
Schwab's view on the information technology sector, which covers most makers and providers of computer, data, and electronic equipment and services.
by
Brad Sorensen
October 11, 2018
Schwab's view on the health care sector covers health care equipment and services as well as  pharmaceutical and biotechnology companies.
by
Brad Sorensen
October 11, 2018
Schwab's view on the materials sector, which describes an array of commodity-related manufacturing industries.
by
September 27, 2018
A look at how donor-advised funds and private foundations compare.
by
Hayden Adams
September 27, 2018
Answers to the most commonly asked questions about the tax code overhaul.
by
Liz Ann Sonders
September 10, 2018
The August payroll report was generally strong, with a kick into higher gear for wages. Will “Main Street” feel better than “Wall Street” this year?
by
Jeffrey Kleintop
September 04, 2018
The U.S. bond market has been a good indicator of peaks in international stock markets. This is now important since the yield curve in the U.S. has flattened more than in Europe.
by
Brad Sorensen
August 30, 2018
Schwab's view on the consumer staples sector, which includes consumer items that tend to be viewed as household necessities.
by
Jeffrey Kleintop
July 09, 2018
Trade-war anxieties have been reflected in markets and surveys of both consumers and businesses, but thus far have not appeared in actual “hard” economic data.
by
Liz Ann Sonders
June 18, 2018
Total credit market debt is stratospheric, in spite of household/financial sector deleveraging; and with fiscal policy blowing out the deficit, it’s going to get worse.
by
Liz Ann Sonders
June 04, 2018
The May employment report was gangbusters, with strength across most components, including payrolls, the unemployment rate and wage growth. Can it continue?
by
Jeffrey Kleintop
May 29, 2018

It is now graduation time for many high school students. But not all of the new graduates are headed to college right away. Gap years are growing more popular with students taking a year off to mature before taking on the next step in their education.

by
Jeffrey Kleintop
March 05, 2018

Global stocks gave up roughly half of their recovery from the February correction last week as President Trump previewed his plan to impose a 25% tariff on steel imports and 10% on aluminum. Not every new tariff constitutes a trade war—metals have often been a target of U.S. tariffs with steel tariffs imposed by each of Trump’s recent predecessors in the White House. Although small in economic impact, these tariffs are symbolically important.

by
February 26, 2018

Every month in the immediate aftermath of the release of The Conference Board Leading Economic Index (LEI) I put together a small deck together for Schwab’s Operating Committee highlighting the overall data and some of the key takeaways. The latest report—out last week—was notable in its strength; and in stark contrast to the worries expressed by some clients lately about the risk of a recession in the near term.

by
February 22, 2018
Schwab's view on the consumer staples sector, which includes consumer items that tend to be viewed as household necessities.
by
February 22, 2018
Schwab's view on the energy sector, which encompasses companies that help produce and distribute energy.
by
February 22, 2018
Schwab's view on the health care sector covers health care equipment and services as well as  pharmaceutical and biotechnology companies.
by
February 22, 2018
Schwab's view on the information technology sector, which covers most makers and providers of computer, data, and electronic equipment and services.
by
February 22, 2018
Schwab's view on the materials sector, which describes an array of commodity-related manufacturing industries.
by
February 22, 2018
Schwab's view on the real estate sector, which covers companies involved in real estate and includes equity REITs.
by
February 22, 2018
Schwab's view on the telecommunications sector, including operators of telecom networks and providers of communications and data transmission services.
by
February 22, 2018
Schwab's view on the utilities sector, which covers a variety of industries that generate and deliver power and water.