U.S. Treasury yields fell again last week, supporting core fixed income returns. However credit spreads continued to widen on economic growth concerns.

Our best case (Goldilocks) scenario entails inflation moderating, GDP growth proving resilient and the Fed pausing on raising rates when the coffee is neither too hot nor too cold.

U.S. Treasury yields declined for the first time in six weeks.

Within equities, we prefer a defensive tilt toward dividend growers.

U.S. Treasury yields rose again despite last week’s Federal Reserve meeting, at which the central bank hiked rates by 50 basis points.

Our economic base case remains intact, but market volatility should persist.

U.S. Treasury yields rose again, but the moves were relatively mild compared to recent dynamics.

Unexpecting the expected. Investors aren’t used to seeing dramatic losses in their bond portfolios, particularly when equity markets are also declining sharply.

U.S. Treasury yields rose as the market continues to front-load U.S. Federal Reserve rate hike expectations, pressuring fixed income returns.

Inflation trends should benefit some areas more than others. So far, higher inflation has had a mixed impact on corporate earnings.

Many real estate sectors increased in value in 2021 as the economy rebounded and consumers shopped online, bought new houses and trickled back into offices. However, that strong growth trend – especially in the hot sectors of housing and industrial real estate – has left many wondering if the best days might be behind us.