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Market Commentary

Get our experts' perspective on recent market trends and what they could mean for your investment portfolio.

The latest commentary

EM: AI Opportunity and AI Risk

Technology has become a major driver of emerging-market stock performance.

January 12, 2026

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Washington: What to Watch Now

The Justice Department allegedly began an unprecedented criminal investigation of the Federal Reserve chair.

January 12, 2026

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Stocks Fall on Fed Concerns

Fed independence concerns hit stocks and Treasuries after Fed Chairman Jerome Powell came under a Justice Department investigation. Big bank results and CPI data loom tomorrow.

January 12, 2026

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Q4 2026 Bank Earnings Ahead

Big banks begin reporting tomorrow with JPMorgan Chase. Fundamentals may need to be robust to match the sector's recent Wall Street gains, and loan demand could get a close look.

January 12, 2026

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Stock Sector Outlook

Our outlook on the 11 S&P 500 equity sectors.

January 08, 2026

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2025 Review With Note on Venezuela

The capture of Venezuelan President Maduro has been digested well by global markets, which is in keeping with 2025’s theme of massive volatility and solid index-level returns.

January 05, 2026

Trading

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Today's Options Market Update

Nathan Peterson

January 12, 2026

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Looking to the Futures

Michael Zarembski

January 12, 2026

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US stocks and economy

Our perspective on what's driving U.S. equity markets

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Market Snapshot

Liz Ann Sonders shares her perspective on the U.S. stock market and economy in this monthly Market Snapshot video.

December 12, 2025

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2025 Review With Note on Venezuela

The capture of Venezuelan President Maduro has been digested well by global markets, which is in keeping with 2025’s theme of massive volatility and solid index-level returns.

January 05, 2026

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What Is a Recession?

Understand how a recession is defined and how to avoid common investment mistakes during recession-driven stock market downturns.

December 17, 2025

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Investors are navigating not just uncertainty, but an unstable environment influenced by tariffs and inflation, among other factors. While volatility may increase, there is likely room for another solid year in 2026, especially for fixed income and international stocks.

December 12, 2025

International stocks and economy

Our take on crosscurrents affecting international equities

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EM: AI Opportunity and AI Risk

Technology has become a major driver of emerging-market stock performance.

January 12, 2026 • Michelle Gibley

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Perspective: 2026 Outlook

December 12, 2025

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2026 International Outlook

International stocks could be poised for another strong year in 2026 due to accelerating global growth, attractive valuations and the potential for dollar weakness.

December 09, 2025

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German Stimulus: What's Next?

German officials announced a massive stimulus program in early 2025. The results have been underwhelming so far, but we believe the economic boost to Germany and Europe is still coming.

November 03, 2025

Fixed income

Insights on the latest developments in fixed income and currency markets

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Perspective: 2026 Outlook

December 12, 2025 • Liz Ann Sonders • Kevin Gordon • Kathy Jones • Michelle Gibley

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Fed Cuts Interest Rates

The Federal Reserve lowered its policy interest rate by 25 basis points, as widely expected. However, Fed Chairman Powell hinted at a pause ahead, and there were several dissents.

December 10, 2025

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2026 Municipal Bonds Outlook

We believe municipal bonds will continue to offer attractive tax-adjusted yields in 2026, while credit quality should remain stable.

December 04, 2025

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2026 Corporate Credit Outlook

We continue to suggest an up-in-quality fixed income bias for the short run, but investors can still consider some of the riskier parts of the fixed income market in moderation.

December 04, 2025

Government affairs

Our take on policy decisions that may affect markets and investments

Explore more topics

Trading Stocks Bonds Fixed Income Markets and Economy Government Policy International Sectors US

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This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for their own particular situation before making any investment or trading decisions.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

For illustrative purposes only. Individual situations will vary. Not intended to be reflective of results you can expect to achieve.

Investing involves risk, including, for some products, more than your initial investment.

Hedging and protective strategies generally involve additional costs and do not assure a profit or guarantee against loss.

Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.

The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.