Market Perspective

The Federal Reserve’s (the Fed) monetary policy transition from accommodative to tightening was sudden – asset purchases to support the economy ended in March 2022, ...

If the story of 2022 stock and bond market returns was written as a whodunit, the crack detective protagonist would have a primary suspect list ...

Trading volume in S&P 500® Index option contracts set a record in October 2022. As Figure 1 shows, trading volume in options on the bellwether ...

Savvy shoppers know a “25% Off” sale is not necessarily a good deal. Is the item discounted from a fair price or did the retailer ...

Daily closing values for the Cboe® Volatility Index (the VIX®) have been below its long-term average of 19.61 less than 10% of the time so ...

Recession. The “Big R” of economics. One of the more confounding aspects of the word is that just hearing it can cause people to behave ...

Wall Street has no shortage of adages and catch phrases. When the equity market hits the skids, old saws such as “be fearful when others ...

Pandemic. War. Record inflation. Tightening monetary policy. Broken supply chains. Bellwether company earnings misses. Investors have faced a frightening litany of risks in 2022, and ...

Flannel shirts. Ripped jeans. Vintage sneakers. Denim skirts. If you spend any time with teenagers, you know these fashion markers of the 1990s and 2000s ...

A once-reliable asset class for yield, low-volatility total return, diversification and risk reduction, bonds have struggled to deliver on any of these measures recently. Real yields on ...