Joining us now is Kathy Jones, chief fair fix income strategist at Schwab Center for Financial Research. Thanks so much for joining us for this Monday, Kathy. Um, so obviously we're tracking these developments around the potential for this end to the government shutdown.Now, what are you seeing as far as the reaction in fixed income today. >> Well, we're starting to see yields move up a little bit because, you know, ending the shutdown means you pick up in economic activity. Some of the some of the things t ...

Core Insights - The ongoing question for investors in fixed income is when to go long duration, especially with the Federal Reserve resuming rate cuts [2][3] - The macroeconomic environment suggests limited upside for long duration fixed income strategies, with Treasury yields remaining volatile and near 4% [8][9] Macroeconomic Outlook - The U.S. economy is expected to continue on a modest growth path, with inflation remaining sticky but not significantly impacted by tariffs [3] - The Federal Reserve is cautious about further rate cuts, with some members expressing caution regarding another cut this year [3] Treasury Yield Dynamics - The UST 10-Year yield is currently in a fair-trading range of 4%-4.5%, with recent trading as low as 3.93% [9] - Historical yield curve dynamics indicate a potential rise in the 10-Year Treasury yield, making it an unfavorable environment for reallocating to long duration [8] Trading Activity - Trading activity has been volatile, with approximately 100-basis point swings in yields over the past two years [9] - A long duration position implies a belief that the economy is heading toward a recession, with expectations for the UST 10-Year yield to decline to at least 3.6% [9] Fed Funds and UST 10-Year Yield Spread - Following the recent 25-basis point rate cut, the spread between the Fed Funds mid-point and the UST 10-Year yield is around +20 basis points, significantly below the long-term average of +129 basis points [10] - A potential widening of this spread could place the 10-Year yield in the 4.5%-4.75% range [11] Conclusion - Given the historical performance of long duration strategies and the current macroeconomic outlook, it is recommended to hold off on going long duration [12]

Core Viewpoint - Despite recent challenges, big tech companies remain the best investment option in the market [1] Group 1 - Big tech has experienced significant declines this week, but analysts believe these companies are still positioned for long-term growth [1] - The overall market sentiment has been affected by various economic factors, yet big tech continues to show resilience [1] - Investors are advised to consider the long-term potential of big tech stocks, as they are likely to recover and outperform other sectors [1]

Core Insights - Solar-based exchange-traded funds (ETFs) are experiencing a rally despite political inclinations towards fossil fuels, indicating strong market interest in clean energy stocks [1] Group 1: Solar Power Economics - The ongoing AI boom is enhancing the economics of solar power, making it cheaper than coal or gas, with significant reductions in costs for photovoltaic panels and battery storage [2] - Solar stocks are currently undervalued after years of underperformance, with the TAN ETF losing 32.1% over the past five years compared to a 93.5% gain in the S&P 500 [3] - U.S. data centers are projected to require 100-130 GW of continuous power by 2030, suggesting a surge in solar capacity and investment opportunities in the sector [3] Group 2: Company Performance - SolarEdge (SEDG) stock surged approximately 29% following Q3 earnings that exceeded expectations, alongside a partnership with Infineon for next-generation solid-state transformers [4] - First Solar (FSLR) is planning to add 3.7 GW capacity with a new U.S. factory, benefiting from trade policy protections and potential tax credits [5] Group 3: Economic Environment - The Federal Reserve has implemented two rate cuts this year, which could lower borrowing costs for capital-intensive renewable projects, positively impacting the clean energy sector [6] - The current target range for the federal funds rate is 3.75%-4.00%, down from a high of 5.25%-5.50% [7] Group 4: Policy and Market Sentiment - Initial uncertainties from President Trump's "One Big Beautiful Bill" have eased, providing relief to clean energy stocks [8] - The solar industry ranks in the top 30% of Zacks-categorized industries, indicating potential for growth in undervalued solar stocks [9]

Key Takeaways Q3 EPS and revenues missed estimates but rose YoY, driven by robust infrastructure and nonresidential demand.The aggregates segment shone with 17% revenue growth and 12% profit gains, offsetting weaker asphalt sales.MLM revised 2025 guidance slightly, expecting steady aggregates growth and disciplined capital spending.Martin Marietta Materials, Inc. (MLM) reported lower-than-expected results for the third quarter of 2025. The quarterly earnings and revenues missed the Zacks Consensus Estimate, ...

Mike Wilson, chief investment officer and chief US equity strategist at Morgan Stanley, explains why the Federal Reserve "is way behind the curve on rates" and slowing the "rolling recovery" in place in the US. ...

Group 1 - The market is reaching new highs driven by a combination of factors including AI advancements, potential Fed rate cuts, and trade deals with China [1][2] - There is uncertainty in the market, but it appears to be resilient, indicating a possible "buy the rumor, sell the news" scenario [2] - Fiscal policy is in a favorable position for regulatory changes, which could further support the growth of artificial intelligence [3] Group 2 - The current market rally is being rebranded from an "AI rally" to an "efficiency boom," highlighting the role of tokenization and stable coins in public markets [4] - The expansion of AI is seen as a key driver, but it is now part of a broader trend towards efficiency in the market [4]

Matt Boss again, congratulations on being named number one in retail on the street for however many years in a row it's been. Um, you don't cover Wayfair, but you see Wayfair and the stock is doing obviously great things today on the back of its earnings and you think what as it translates into the stocks you do follow. >> Yeah, thanks for having me on, Scott.And and on the number one, I really appreciate that. JP Morgan, big win for them, too. Just more broadly, I wanted to uh point that out.It's great to ...

Group 1 - The article discusses the author's journey into investing, starting in high school in 2011, focusing on REITs, preferred stocks, and high-yield bonds, indicating a long-standing interest in markets and the economy [1] - The author has recently adopted a strategy that combines long stock positions with covered calls and cash secured puts, emphasizing a fundamental long-term investment approach [1] - The author primarily covers REITs and financials on Seeking Alpha, with occasional articles on ETFs and other stocks influenced by macro trade ideas [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information does not constitute any recommendation or advice for investment actions [1]. - Users are advised to consider their financial situation and needs before relying on the information provided [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - It encourages users to perform their own research and understand the risks involved before making investment decisions [1].