Yield spreads are critical to understanding market sentiment and predicting potential stock market downturns. While yield spreads have widened, they remain well below the long-term averages. However, if recession risks increase due to tariffs, sentiment, or illiquidity, those yield spreads will widen further.
Meta Platforms Inc. heads to court on Monday to defend claims it is an illegal monopoly and should be broken up. The Federal Trade Commission, even without former President Joe Biden’s antitrust hawk, Lina Khan, at the helm, seems to be going full steam ahead — despite Chief Executive Officer Mark Zuckerberg’s attempts to wine and dine the president into a change of heart.
The world’s two biggest economies are headed for a divorce that will likely play out for the rest of this year and beyond, after a month that saw a huge spurt in China’s exports and its overall trade surplus hit near $103 billion.
President Donald Trump pledged he will still apply tariffs to phones, computers and popular consumer electronics, downplaying a weekend exemption as a procedural step in his overall push to remake US trade.
Goldman Sachs Group Inc. and UBS Group AG issued another round of bullish calls for gold, with stronger-than-expected central bank demand and the metal’s role as a hedge against recession and geopolitical risks underpinning expectations for even higher prices in 2025.
Four of the nine indexes on our emerging markets watch list have posted gains through April 11, 2025. Chile's IPSA is in the top spot with a year to date gain of 11.2%. Brazil's IBOVESPA is in second with a year to date gain of 6.3% while Mexico's BMV IPC is in third with a year to date gain of 3.5%.
Credit investors are looking to pounce on new opportunities resulting from the wild swings in global financial markets triggered by the US-China trade war.
Last week’s data can be summarized by a volatile market reacting to tariff news and a backwards-looking inflation reprieve.
After sparking the steepest plunge in financial markets since the global pandemic five years ago, President Donald Trump’s administration made another dramatic pivot in its trade war strategy on April 9: It paused for 90 days the “reciprocal” tariffs that had been in effect for less than 24 hours.
GMO has posted a new 7-Year asset class forecast as of 1Q 2025.
After starting the year on a high note with the S&P 500 index of U.S. Large Cap stocks posting an all-time high on February 19th, equities retreated during the second half of the quarter, officially falling into correction territory (down 10 percent) on March 13.
Another period of heightened volatility in the markets reminds us why tax management can be such an essential part of fixed income investing.
It was a wild week on Wall Street after President Donald Trump announced a broad new tariff policy that went beyond what most analysts had anticipated, spurring a plunge in both stock and bond markets.
On 9 April, President Donald Trump announced a 90-day pause on the higher “add-on” reciprocal tariffs on 50-plus countries that had been announced the previous week, precipitating a historic equity market rally and showing that there was seemingly a limit to how far he would go to move forward with his trade agenda.
Spending cuts, tariffs and recession risk—Jan van Eck’s latest outlook breaks down what to watch and why he’s focused on gold, bitcoin, semiconductors and India.
Vanguard head of U.S. ETF Capital Markets Bill Coleman discussed the growing role that active ETFs are playing in portfolios.
Bonds have gained as investors sought shelter amid growing fears around a tariff-driven global economic slowdown.
Morgan Stanley’s stock-traders delivered first-quarter revenue that exceeded analyst predictions, as Wall Street’s biggest banks continue to benefit from turbulence ignited by President Donald Trump’s policies.
Berkshire Hathaway Inc. sold ¥90 billion ($628 million) of bonds on Friday in its smallest yen deal ever in a market rocked by an escalating trade war.
Getting into Donald Trump’s head is no easy task. And to the extent his economic intentions are decipherable and coherent, can Trump impose his economic will on other countries? As tariffs go into place, albeit with a partial pause, that remains to be seen.
US wholesale prices fell in March by the most since October 2023, restrained by energy costs and adding to evidence of muted inflation ahead of the Trump administration’s tariffs on US trading partners.
Consumer confidence took another hit this month, primarily due to escalating worries about trade wars, inflation, and the labor market. The Michigan Consumer Sentiment Index plummeted to 50.8 in April, its second-lowest reading on record, surpassed only by June 2022.
JPMorgan Chase & Co.’s stock traders took in a record haul in the first quarter, boosted by chaotic market moves set off by President Donald Trump’s policy announcements after he took office in January.
Morgan Stanley’s willingness to stick it out with Elon Musk is giving its first-quarter results a healthy boost.
Wholesale inflation unexpectedly fell in March, dropping for the first time in 17 months. The producer price index for final demand was down 0.4% month-over-month after a 0.1% increase in February. This was lower than the expected 0.2% growth.
Earnings season begins with companies adjusting on the fly to tariffs. This could give investors insight into strategies firms are taking and how businesses might be affected.
Taxpayers plan to use their tax refunds for essentials and debt repayment, as well as savings strategies. Bill Cass shares ideas and strategies to consider this year.
The markets are in the middle of a historic decline. Not so much in the magnitude—while we are approaching a bear market, these happen fairly regularly—but in the speed of the drop.
On 2 April, the Trump administration announced sweeping tariffs that were more aggressive than many had expected. Then on 9 April, the administration announced a 90-day pause on most of the new country-specific “reciprocal tariffs.”
After several weeks of steep selloffs, the major averages roared back on Wednesday as the Trump administration announced a 90-day pause on its reciprocal tariffs.
President Donald Trump announced on April 9 that he was pausing the majority of the “reciprocal” tariffs scheduled to go into effect the same day.
Markets responded swiftly to President Trump’s recent announcement of sweeping reciprocal tariffs, with the S&P 500 falling more than 3% in a single day.
Concerns about a trade war have rattled markets so far in 2025, but we believe fixed income investors need to be patient, stay defensive, and see how things evolve before making any big decisions.
Global equities faced fresh challenges in the first quarter of 2025 amid growing trade-war concerns and developments in artificial intelligence (AI).
Q1 earnings season is about to kick off amidst what some might consider to be the most uncertain environment for US corporations since the COVID-19 pandemic.
Last week President Trump announced tariffs on nearly all US trading partners, a move that far exceeded the most pessimistic expectations of market participants.
Given the abundance of market uncertainty, it may be best to adhere to Treasuries, or for additional yield, to municipal bonds.
The Consumer Price Index for Urban Consumers (CPI-U) release for March puts the year-over-year inflation rate at 2.39%. The latest reading keeps inflation below the 3.73% average since the end of the Second World War. Additionally, for a second straight month, inflation sits below the 10-year moving average which is at 2.95%.
With the financial markets still wrestling with the tariff announcements from last week, one thing is still certain: uncertainty remains an integral part of the investment landscape.
This series has been updated to include the March release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $52,322, down 5.9% from over 50 years ago.
Social Security is at the center of the fiscal emergency that threatens the US. Yet Washington is always reluctant to grapple with it honestly, partly because the issue is misunderstood.
US inflation cooled broadly in March, indicating some relief for consumers prior to widespread tariffs that risk contributing to price pressures.
Federal Reserve officials are prepared to hold their policy rate steady to minimize the risk that President Donald Trump’s tariffs trigger a persistent rise in inflation, even if the labor market softens further.
Shorter-term Treasuries gained after an unexpected ebb in US inflation last month calmed bond traders shaken by President Donald Trump’s evolving trade policy.
To understand the origin of the free-trade excesses that created record trade deficits and set in motion President Donald Trump’s tariff storm, consider the so-called de minimis exemption.
The month of March featured a varied mix of articles among Advisor Perspectives’ top 10 most-read list, including book reviews, analysis of current events and primers on different subjects among its ranks.
Inflation cooled for a second straight month in March, falling to its lowest level in over four years. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index was at 2.4% year-over-year, lower than the expected 2.5% growth.
Members of Congress from both parties were among the many caught off guard by last week's Rose Garden tariff announcement.
In an era when a select group of tech behemoths has dominated market returns, investors are growing increasingly wary of the concentration risk it poses.
Markets were jolted last week after President Trump announced sweeping tariffs, including steep increases on China, Japan, and the EU, leading to a 10.5% drop in the S&P 500 over two days—an event seen only during major crises in the past 75 years.
