U.S. Market & Money

Persistent deficits have pushed the national debt near $40 trillion, driven by recurring spending spikes and structural shifts.

• Current pace:...

• Structural support from $1.2T buybacks and passive 401(k) flows keeps lifting large-caps.
• Bull case rests on 86% earnings beats, cooling 3.4%...

The 30-year Treasury yield has held above 5% for its longest stretch since 2007, with a recent auction at 5.058%. It has climbed 1.2 percentage points...

Markets still price in a December rate hike even as cooling inflation and soft jobs data shift odds heavily toward a hold.

• Goldman view: Pricing...

The Fed steers policy through three linked tools that shape borrowing costs and economic signals.

• Natural rate benchmark: The medium-run estimate...

Three popular covered-call ETFs post similar headline yields but deliver very different after-tax results in taxable accounts.

• JEPI treats most...

Sector dynamics matter because market gains are not evenly distributed. When the S&P 500 rose 18% in 2025, not every sector benefited equally.

Can the S&P 500 rally extend beyond megacaps?

• Three-week winning streak continues as 90% of companies have reported and 69% beat estimates.
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Three angles shape the outlook for long-term investors:

• A San Francisco Fed paper finds the current 3.50%-3.75% policy rate is already accommodative...

Gold sits 21% below its January peak, yet the S&P 500-to-gold ratio has surged 40% from 1.27 to 1.79. This reset has cleared the early-2026...

U.S. stock futures opened mixed Monday after the S&P 500 notched a third straight week of gains despite closing lower Friday. Global markets also showed mixed results while investors watch for Fed minutes and retail earnings later this week.

Treasury yields edged lower Monday as markets await this week's FOMC minutes for clues on rate policy.

• 10-year yield fell more than 2 basis points...

AI's ROI debate is over for the 25 S&P 500 companies that quantified it: Q2 earnings showed an average 180 basis points margin improvement, with gains...

The Conference Board Employment Trends Index rebounded to 107.71 in July, signaling continued labor market resilience, yet the index is only 0.6% above last year's level, pointing to limited payroll gains ahead.

• The 30-year Treasury yield closed at 5.26% and appears poised for an upside breakout as markets reprice the neutral rate higher.
• The 5y5y forward...

The U.S. economy remains strong, earnings growth is robust, and the S&P 500 just hit new all-time highs of 7,816.70 intraday and 7,798.99 close, up...

Social Security recipients can expect a 3.2% to 3.6% COLA for 2027, adding at least $67 a month to the average $2,092 retiree benefit as inflation...

Two key themes will shape market attention: the housing sector's ongoing struggles and the consumer's resilience.

• Housing updates: Earnings from...

US-focused coverage centers on domestic consumer strength and Fed internals. Global coverage adds Europe, UK, Japan, and China data plus energy...

The S&P 500 trails with a 13.1% year-to-date gain, while the Nasdaq rose 17.9% and the Russell 2000 surged 21%. This performance gap highlights stronger breadth across smaller companies than the headline index suggests.