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Commentary: Finding Value Among the Muni Market Malaise
The municipal bond market faced significant volatility in April, driven by spillovers from a turbulent Treasury market. Treasury yields were pressured higher by rising inflation expectations; the Federal Reserve’s cautious policy stance, reduced foreign demand; hedge fund deleveraging, portfolio shifts toward cash, and structural illiquidity.
J. J. Wenrich CFP®
May 4, 20259 min read


Commentary: Softer Tone on China Is Encouraging, but Some Caution Still Advised
The softer tone toward China from the White House, President Trump’s pledge not to fire Federal Reserve (Fed) Chair Jerome (Jay) Powell, and renewed optimism about Fed rate cuts all helped drive a strong market rebound last week.
J. J. Wenrich CFP®
Apr 27, 20257 min read


Commentary: Revising Our S&P 500 Target Amid a Storm of Uncertainty
LPL Research discusses another volatile week for markets, introduces a revised S&P 500 target, and assesses the likelihood of the lows recently being reached.
J. J. Wenrich CFP®
Apr 20, 20259 min read


Commentary: Decent Chance Stock Market Bottom Is in but Far From Certain
Last week we were able to check several of the boxes on our stock market bottoming process checklist.
J. J. Wenrich CFP®
Apr 13, 202511 min read


Commentary: Tariff Turmoil: Where Do We Go From Here?
Markets got quite a surprise from the Trump administration last week in the form of tariffs above even the most aggressive forecasts...
J. J. Wenrich CFP®
Apr 6, 202512 min read


Commentary: Tariff Uncertainty Facing Stocks to Start Clearing Soon
Wednesday is the big day when the Trump administration will provide more clarity on their tariff plans.
J. J. Wenrich CFP®
Mar 30, 20259 min read


Commentary: Powell Walked a Tightrope
Trade uncertainty and nagging inflation made Federal Reserve (Fed) Chair Jerome Powell walk a tightrope at the latest press conference.
J. J. Wenrich CFP®
Mar 23, 20257 min read


Commentary: Market Correction Perspective
U.S. equity markets officially entered correction territory last week for the first time in 344 trading days.
J. J. Wenrich CFP®
Mar 16, 20258 min read


Commentary: Navigating Strategic and Tactical Investment Horizons: The Differences
Heightened volatility and uncertainty in both financial markets and the broader economy present challenges and opportunities for investors.
J. J. Wenrich CFP®
Mar 9, 202510 min read


Commentary: Earnings Season Recap: Strong Growth, Big Upside, Now What?
Fourth quarter earnings season is nearly complete, and it has been a good one.
J. J. Wenrich CFP®
Mar 2, 20257 min read


Commentary: Refinancing ZIRP
The U.S. Treasury market is entering a significant transition period in 2025, facing both structural adjustments and all-too-familiar policy
J. J. Wenrich CFP®
Feb 23, 20258 min read


Commentary: Tariffs Ignite a Metals Melt-Up
Stocks continued to climb the wall of worry last week and shrugged off tariff headlines, inflation volatility, and signs of a slowdown
J. J. Wenrich CFP®
Feb 17, 20257 min read


Commentary: Key Pillars of the Bull and Bear Cases in 2025
Use of the terms “bull” and “bear” in financial markets can be traced back to London’s financial district in the late 19th century
J. J. Wenrich CFP®
Feb 9, 202511 min read


Commentary: U.S. Exceptionalism: Is It Still Intact?
With China’s DeepSeek pressuring investors to take a closer look at the current environment of artificial intelligence (AI) development with
J. J. Wenrich CFP®
Feb 2, 20255 min read


Commentary: Q4 Earnings Preview: Mix of Solid Growth and Policy Uncertainty
Earnings season is underway and, thanks to the banks, it’s off to a good start.
J. J. Wenrich CFP®
Jan 20, 20258 min read


Commentary: New Year, Same Bull Market?
As the new year officially gets underway, there’s the usual sense of renewed optimism and excitement over new opportunities.
J. J. Wenrich CFP®
Jan 12, 20258 min read


Commentary: Evaluating Stock and Bond Market Predictions From 2024
With 2024 fully behind us, it’s a good time to celebrate our winning calls from last year.
J. J. Wenrich CFP®
Jan 5, 20258 min read


Commentary: Keys to Stock Market Gains in 2025
As 2024 draws to a close, investors have fully embraced the stock market. The S&P 500 is up more than 25% year to date.
J. J. Wenrich CFP®
Dec 29, 20247 min read


Commentary: The Fed Resets Expectations for Next Year
The Federal Reserve (Fed) is moving more cautiously in adjusting policy, and markets might have a hard time resetting expectations.
J. J. Wenrich CFP®
Dec 22, 20246 min read


Commentary: A Golden Age for Income Investors
Will 2025 be the year for fixed income? LPL examines what could be in store for fixed income markets in the year ahead.
J. J. Wenrich CFP®
Dec 15, 20248 min read
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