Municipal bonds enter 2026 as a compelling option for investors: attractive yields, strong fundamentals, and structural changes that continue to reshape the market. After a volatile 2025, marked by Treasury market dislocations and record muni issuanc
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Warren Buffett’s reign as Chief Executive Officer (CEO) of Berkshire Hathaway came to a close on the last day of 2025. Buffett will be succeeded by Greg Abel, previously Vice Chairman of Non-Insurance Operations at Berkshire. Buffett stepped do
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Fourth quarter earnings season unofficially kicks off this week with a dozen banks and asset managers in the S&P 500 slated to report. Results will come from some big names, including JPMorgan Chase (JPM) on Tuesday; Bank of America (BAC), Wells
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2025 was a good year for most fixed income markets but we’re approaching 2026 with caution. All-in yields are still attractive for most markets, but spreads (the additional compensation for owning riskier debt) are low, suggesting investors are
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Reflecting back on 2025, a day has not gone by without investors debating AI’s impact, promise, or peril. Headlines were dominated by AI related stock news, yet the most enduring growth story was found beneath the surface — the steady and
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Much like how U.S. equity markets were driven by top-heavy artificial intelligence (AI) themes, so were many stories and headlines. For evidence of this, look no further than the recently announced 2025 Time’s Person of the Year: Architects of
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Key Points:
• U.S. government funding currently runs out for most agencies on January 30, 2026, so it behooves investors to have a playbook for the next round of shutdowns.
• Going behind the scenes o
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The bull market appears poised to extend its run in 2026, fueled by ongoing enthusiasm around AI and further easing of monetary policy from the Federal Reserve (Fed). However, with valuations running high and midterm election years often bringing mor
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On Sunday afternoon, President Trump told reporters that he knew who he was going to officially pick to succeed Jerome Powell as Federal Reserve (Fed) Chair when Powell’s term expires in May 2026. While the formal announcement hasn’t been
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In our Weekly Market Commentary on November 17, we previewed our Outlook 2026 publication, due out on December 9. We highlighted several keys for markets next year, covering the U.S. economy, stocks, and bonds. This week, we broaden our preview and t
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