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Experts offer their insights on the U.S. and global markets.

Successful investing begins with being informed. Read the insights of top Schwab professionals and keep up with the daily flux of the stock market.

Unwind: Simple Rotation or Something More Sinister?
Market Commentary

Unwind: Simple Rotation or Something More Sinister?

by Liz Ann Sonders
September 21, 2020
Since the early-September all-time market high, a rotation from the prior leaders to more classically-cyclical sectors has been underway; but macro support is not fully evident.
Inflation Blues: Fed Keeps Rates Near-Zero, Officially Adopts Average Inflation Targeting
Market Commentary

Inflation Blues: Fed Keeps Rates Near-Zero, Officially Adopts Average Inflation Targeting

by Liz Ann Sonders
September 16, 2020
Fed maintained rates at near-zero, while also updating its summary of economic projections; now expecting a shallower economic contraction, but a slower recovery thereafter.
Brexit Is Back: The Endgame For Investors
Market Commentary

Brexit Is Back: The Endgame For Investors

by Jeffrey Kleintop
September 14, 2020
The risk of a “no deal” Brexit and the potential economic harm that accompanies it increased last week.
Schwab Market Perspective: Rotation
Market Commentary

Schwab Market Perspective: Rotation

by Liz Ann Sonders, Jeffrey Kleintop, Kathy Jones
September 11, 2020
Although certain high-frequency data haven’t improved markedly, the threat of the virus has started to recede.
Crossroads: Shifting Tides in Stock and Labor Markets
Market Commentary

Crossroads: Shifting Tides in Stock and Labor Markets

by Liz Ann Sonders
September 8, 2020
The stock market rotation continues; while the latest data on the health of the labor market was mixed (brightened by strong productivity).
Stock Market “Inequality” Hides A Big Change
Market Commentary

Stock Market “Inequality” Hides A Big Change

by Jeffrey Kleintop
August 31, 2020
The recent imbalances in the stock market can lead to vulnerability; rebalancing portfolios may be valuable to help balance exposure to U.S. capitalization-weighted benchmarks relative to international stocks.
High Hopes: S&P 500 Hits All-Time High Amid Pandemic/Recession
Market Commentary

High Hopes: S&P 500 Hits All-Time High Amid Pandemic/Recession

by Liz Ann Sonders
August 24, 2020
In a speedy round-trip, the S&P 500 hit an all-time high last week; meaning the rally since March is now an “official” bull market.
Confidence Is Everything: 3 Things May Shake It
Market Commentary

Confidence Is Everything: 3 Things May Shake It

by Jeffrey Kleintop
August 17, 2020
Confidence matters; faith in a brighter future drives risk taking, fueling growth through investment and consumption.
Another Tricky Day: Dissecting July’s Labor Market Report
Market Commentary

Another Tricky Day: Dissecting July’s Labor Market Report

by Liz Ann Sonders
August 10, 2020
The July labor market report had talking points for both the economic bulls and bears; with Congress on the hot seat to keep the recovery from faltering.
Market Commentary

How Have Recent Developments Impacted Long-Term Returns?

by Jeffrey Kleintop
August 3, 2020
Let’s take a look at how recent developments may have impacted long-term returns for stock market investors.
Stocks Rebounding as Fully-Loaded Week Commences
Market Commentary

Running on Faith: Are Stocks Discounting Too Powerful an Earnings Recovery?

by Liz Ann Sonders
July 27, 2020
Earnings have so far bested an extremely low bar, but stocks may be discounting too swift a recovery; while concentration remains a risk.
Stock Market Reaction to Expiring COVID-19 Programs
Market Commentary

Stock Market Reaction to Expiring COVID-19 Programs

by Jeffrey Kleintop
July 20, 2020
If not extended or replaced, the fading support for the unemployed raises the risk of weakening economic momentum, turning the V-shaped recovery into a W.
Market Commentary

All Right Now: But a Long Way to Go to Recover

by Liz Ann Sonders
July 13, 2020
Rate of change and inflection points in economic data drive stocks; but in these unique times, the level of said data needs to be considered, too.
Making Sense Of The Market (And Where We Can’t)
Market Commentary

Making Sense Of The Market (And Where We Can’t)

by Jeffrey Kleintop
July 6, 2020
In order to help try to make sense of it all, let’s take a look at where the stock market makes sense right now and where it doesn’t.
What A COVID-19 Second Wave Means For Investors
Market Commentary

What A COVID-19 Second Wave Means For Investors

by Jeffrey Kleintop
June 23, 2020
A second wave of global COVID-19 is getting a lot of media attention, but the appearance of a global second wave of cases is primarily driven by the different timing of first waves across countries—rather than second waves within countries.
2020 Mid-Year Outlook: U.S. Stocks and Economy
Market Commentary

2020 Mid-Year Outlook: U.S. Stocks and Economy

by Liz Ann Sonders
June 15, 2020
The divergence between the stock market and economy has characterized the past few months; with a convergence possible in the second half of the year.
Disconnect the Dots: Main Street vs. Wall Street
Market Commentary

Disconnect the Dots: Main Street vs. Wall Street

by Liz Ann Sonders
June 1, 2020
The dominant question we’ve been getting from investors is about the perceived disconnect between what’s happening on Main Street and what’s happening on Wall Street.
Market Commentary

What’s Wrong With the Rebound?

by Jeffrey Kleintop
May 26, 2020
Cyclicals typically lead the market higher when stocks rebound from a bear market and recession—but not this time.
What’s the Future Payback for the Stimulus?
Market Commentary

What’s the Future Payback for the Stimulus?

by Jeffrey Kleintop
May 11, 2020
It is becoming increasingly clear that the massive global stimulus is being financed by a rise in money, not debt.
Dashboards: Measuring Recovery In Real Time
Market Commentary

Dashboards: Measuring Recovery In Real Time

by Jeffrey Kleintop
April 27, 2020
For each of the major countries in Asia and Europe, we will be tracking weekly data on key elements of a recovery to assess its pace and success.

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