Week of May 10, 2026 – Weekly Economic Commentary
The healthy US job growth reported on May 8— not only the 115,000 net new jobs created but also the distribution of those jobs across a number of economic sectors — has had the effect of shining all the bright light on inflation trends and potential fiscal policy cures for rising prices. As has been previously mentioned, […]
Middle East Uncertainty in the Face of Fundamental Earnings
Executive Summary Equity Markets traded higher for a sixth consecutive week, extending the rally that began in late March and pushing several major indexes to new highs. A strong employment report bolstered hopes that the U.S. economy remains resilient in the face of higher energy prices as a result of the Iran war. Technology and growth stocks led the advance. […]
A New Chapter for the 401(k): Access to Private Markets
U.S. retirement plans hold roughly $13.8 trillion in assets, with 401(k)s alone accounting for an estimated $8.7 trillion. For decades, that money has been almost entirely confined to public markets. That may be changing. Last August, President Trump signed Executive Order 14330, “Democratizing Access to Alternative Assets for 401(k) Investors.” The order directs the Department of Labor and SEC to clear regulatory […]