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New Market Analysis

Market analysis

Economic recovery continues. However, we remain alert to slowing momentum in the U.S. labor market, which threatens the health of the recovery.

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weekly market analysis


Webinar: Current events and your financial life

Specialists from U.S. Bank and U.S. Bancorp Investments answer your pressing financial questions related to the upcoming election, market volatility and how to plan in uncertain times.

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Daily market analysis


September 29 | 4:30 p.m. CT

Market update:

The S&P 500 declined 0.48% to close at 3,335.47 on Tuesday. The U.S. labor market recovery is stalling. Jobless claims rose slightly last week while filings for the federal Pandemic Unemployment Assistance moved lower. Claims have averaged 878,000 over the past four weeks, more than double the average since 1967 of 369,000 and well above the peak of 665,000 in 2009. The risk is that a growing share of the jobless are now permanently unemployed and the expiration of jobless benefits may hurt incomes and consumer spending.

Our take:

We recommend normal strategic allocations across stocks, bonds and real estate. We also emphasize a preference for U.S. over international equities. Technology and Healthcare are among our preferred longer-term sectors. Diversified portfolios should maintain bond exposure near long-term strategic targets with a tilt toward higher-quality credits. Investment-grade corporate and municipal bond yields compared to Treasuries remain elevated and appear attractive.

Latest market updates


Market declines as September volatility continues

Our investment strategists explore three catalysts driving the stock market’s decline in September.

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Federal Reserve holds interest rates near zero, signals continued support

The Federal Reserve voted Wednesday to keep interest rates near zero until signs of rising inflation emerge.

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A closer look at market volatility following a strong month

Thursday’s stock sell-off follows August’s all-time market highs. Our investment strategists offer their insights to help you put these market moves in perspective.

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Federal Reserve target rate shifts amid major policy change

Today the U.S. Federal Reserve announced updated policies designed to support ongoing economic recovery.

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Paycheck Protection Program update

Congress has authorized additional funding to the Small Business Association for the Paycheck Protection Program (PPP), which is part of the CARES Act, is a federal loan program that can help eligible small and medium-sized businesses impacted by the coronavirus.

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Financial relief under the CARES Act

The Coronavirus Aid, Relief and Economic Security (CARES) Act provides a variety of ways to help your financial position in a period where the economy is dealing with a wide range of unprecedented challenges.

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U.S. Bank in the news

9.22 | Reuters | Article

TREASURIES-Yields move off session low as stocks stabilize

“Overall, we are seeing fixed income markets exude a great deal of calmness and a calm approach in contrast to what we are seeing in equities,” said Bill Merz, head of fixed income research at U.S. Bank Wealth Management in Minneapolis.

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9.16 | Reuters | Article

Instant View: FOMC-Rates staying near zero until inflation lodges over 2%

The change in guidance is part of the Fed’s monetary policy shift announced last month that is aimed to offset years of weak inflation and allow the economy to keep adding jobs for as long as possible.

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9.16 | NBC News | Article

How long will low rates continue?

“It’s very likely the statement will reflect language out of the new strategy document,” said Bill Merz, senior portfolio strategist and head of fixed income research at U.S. Bank Wealth Management.

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Investment Outlook
Third Quarter 2020

Markets are rebounding, thanks to significant policy support initiated to combat the global recession caused by COVID-19 pandemic shutdowns. The coming quarters are critical to evaluate how companies, countries and regions are emerging from these recent challenges. Strong market performance in the second quarter implies investors anticipate some progress, while continued central bank support of low borrowing costs should support ongoing recovery.

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Quarterly Investment Outlook

Thoughts from our Chief Investment Officer

“These are difficult times, but throughout this period we have found that clients who are grounded in a financial plan – tailored to their unique circumstances – can withstand market volatility within a constant news cycle.”

- Eric Freedman, Chief Investment Officer, U.S. Bank Wealth Management

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