Macro
Picks and Shovels for the AI Era
As AI spending races toward nearly $1 trillion annually, the most reliable winners may be the suppliers building the infrastructure, not the companies betting on AI's future revenues.
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Taxable Bond
Taxable Bond Snapshot May 2026
Rates sold off while most risk assets rallied as the US and Iran inched closer to reaching a deal and extending the ceasefire in the Middle East. Economic data and robust corporate earnings growth also provided support.
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Municipal Bond
Municipal Bond Snapshot May 2026
Municipals delivered modest gains in May, overcoming broader rate market volatility and near-record supply.
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Wealth Insights
The Importance of Tax Planning
Thoughtful tax planning can help reduce surprises and improve outcomes. Explore key strategies for retirees, investors, and families.
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Municipal Bond
Data Centers in Muniland: Watts at Stake
Data centers bring load growth—and new credit tradeoffs. See what it means for public power, water utilities, local governments, and state incentives.
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Macro
1Q26 GW&K Market Insights
GW&K’s 1Q26 conference call recap: outlook for growth/inflation, rates & credit, and the AI investment cycle — listen or read the transcript.
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Municipal Bond
Municipal Bond Snapshot April 2026
Municipals posted their best April in over a decade despite Treasury weakness, heavy new issuance, and tax-related selling.
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Taxable Bond
Taxable Bond Snapshot April 2026
April’s taxable bond market saw Treasury yields rise and spreads tighten; the Agg returned +0.11%. Our outlook stays neutral on duration.
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Macro
Private Credit: Systemic Risk or Growing Pains?
Private credit has ballooned to a $1.8T market—and 2026 brought its first real stress test. Global Strategist Bill Sterling shares more on redemptions, rising defaults, AI-linked risks, and spillovers to public bonds.
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