Commentaries

Timely market commentaries from leading investment firms

Treasury Tax Tension

The draft of the One Big Beautiful Bill Act (OBBBA) runs more than 1,000 pages. Analysis of the legislation has focused primarily on its impact on the U.S. federal deficit: the Congressional Budget Office estimates that passage would add almost $3 trillion to the national debt over the coming decade.

Weekly Economic Snapshot: Inflation Edges Up While Sentiment Rebounds

Last week’s economic signals showed cautious optimism and renewed concern. Inflation saw a slight uptick in May.

Time to Audit the Gold: Why Congress Is Finally Asking Hard Questions

The Gold Reserve Transparency Act of 2025 (House Bill 3795), calls for a full, modern audit of America's gold holdings—something that hasn't occurred in over 65 years.

The Deficit Narrative May Find its Cure in Artificial Intelligence

Lately, the “deficit narrative” has dominated much of the financial media, particularly those channels that are continual “purveyors of doom.” In this post, we will discuss the “deficit narrative,” the likely outcomes, and why the cure for the deficit may be found in Artificial Intelligence.

3 New ETFs That Reflect Emerging 2025 Market Trends

Rampant uncertainty and ongoing market volatility in 2025 have done little to dampen the ETF industry, with innovative launches ongoing.

The Investment Signal in the Noise

Separating the signal from the noise may be the hardest challenge investors face. We’re all surrounded by constantly changing but mostly unimportant information. Of the small part that really is important, we must decide if it affects our investments.

Investing Beyond Benchmarks: The Case for Unconstrained Equities

Market indexes can be a useful barometer of long-term performance. But the investment opportunity set need not start and end there.

Schwab Market Perspective: 2025 Mid-Year Outlook

Tariff policy has clouded expectations for the second half of the year, but there are ways to navigate through the fog.

Building Steady Streams: Dividend ETFs in Focus

Fears of an impending recession may be fading, but economists are still expecting tepid GDP growth for the year.

Asset Allocation Bi-Weekly: The Japan Problem

Just one day after Prime Minister Shigeru Ishiba likened Japan’s debt situation to that of Greece, the country faced its weakest demand for 20-year bonds since 2012.

From Factory Floor to Autonomous Fleet: The Realignment of Robotics in 2025

Industrial robotics is no longer a niche topic reserved for factory optimization—it is becoming a key lever in national strategies for productivity, labor substitution and supply chain resilience.

AI: The Challenges for Investors

In part one of our new series, AI Alpha, we explored the sweeping potential of artificial intelligence (AI) as a transformative force.

Fixed Income Outlook: A Not-so-Random Walk

Alex Veroude, Global Head of Fixed Income, believes fixed income investors can prepare for an uncertain journey by recognising trends and diversifying across different assets.

What Closed-End Funds Could Offer Amid Uncertain Times

Global markets may be more rattled than ever, but advisors can count on closed-end funds to offer yield, portfolio diversity, and more.

Washington: What to Watch Now

The Senate is continuing to work behind the scenes to develop its version of the "One Big Beautiful" tax and spending bill that passed the House by a singe vote in May.