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US Market Commentary

*El siguiente contenido solo está disponible en inglés.

Schwab Market Update

CPI Ahead: Hot Reading Could Lift Rate Hike Odds

Today's Consumer Price Index for August is expected to show monthly CPI up 0.4% and core CPI up 0.2%. More energized readings might increase odds of a rate hike next week.
September 11, 2026

Weekly Trader's Outlook

Stocks remained range-bound, but underlying market volatility, sector rotation, rising oil prices, Treasury yields, and positioning ahead of next week's FOMC meeting kept the outlook cautious as equities tested key support levels.
September 11, 2026
The Schwab Market Update weekly digest offers a summary of news items from the past week.

Traders React Pre-Fed as Oil and Rates Climb

A possible Fed hike puts tech in focus, oil climbs past $100 with hurricane risk looming, and retail traders grow more selective while bitcoin holds a pivotal level.
September 11, 2026
Schwab Market Update: Oil drums stacked on top of each other.

Stocks Up on Oil Prices as CPI Sets Stage for Fed

Equity markets rose early as oil prices dipped even as the August inflation report showed prices edging up, leaving uncertainty about whether the Fed might hike rates next week.
September 11, 2026

Looking to the Futures

The conflict in the Middle East sent energy prices soaring as the conflict spreads to the Bab el-Mandeb Strait and the Red Sea.
September 11, 2026
Schwab Market Update

After Three-Day Slide, Traders Await Key PPI Data

August PPI is due at 8:30 a.m ET and precedes CPI Friday. Both have Fed rate implications. Stocks fell early this week on rising oil and yields. Oracle and Adobe report later.
September 10, 2026

Take a Hike: Rate Hikes and Market Impacts

History suggests slower Fed tightening tends to support stronger market returns and firmer economic growth, while faster hikes typically deepen drawdowns.
September 9, 2026
A multi-colored illustration of different line graphs undulating back and forth, but generally pointing higher, along the same scale.

The MOVE Index and Why It Might Matter

The MOVE Index, a.k.a. the "VIX of bonds," helps investors track volatility across U.S. Treasuries. Sometimes, it can signal future action in equities.
September 9, 2026
Schwab Market Update

Apple Event, Treasury Auction Fill Time Before PPI

Before PPI tomorrow, investors await an Apple event that may introduce a folding iPhone. There's also a 10-year Treasury note auction. Oil and yields remain headwinds for stocks.
September 9, 2026
Schwab Market Update

Treasury Auctions, CPI Could Provide Fresh Clues

After a surprisingly firm August jobs report Friday that sent stocks down on rate hike fears, the market returns from a holiday weekend awaiting CPI data and Treasury auctions.
September 8, 2026

Buy, Hold, Sell: What Analyst Stock Ratings Mean

Research analysts assign buy, sell, hold, and other ratings to stocks in their research reports. Here's what these stock ratings mean, and how investors can use them.
September 8, 2026

Sector Views: Monthly Stock Sector Outlook

Our outlook on the 11 S&P 500 equity sectors.
September 4, 2026

Songs of Experience: Reminiscences of a Strategist

It's been 40 years since I began my career on Wall Street and the lessons I learned along the way from some all-time investment greats always hold true.
September 3, 2026
An illustration of a woman blowing a huge bubble containing a dollar sign.

What Is a Market Bubble?

Famous market bubbles share some characteristics, but it's nearly impossible to predict how big a bubble might get and when one is about to burst.
September 3, 2026
Schwab Market Update

Warsh's Words Spark Hike Fears with Jobs Data Next

Fed Chairman Kevin Warsh left the market anxious Friday about possible rate hikes, with odds for a September hike up sharply. Jobs data this week could help shape the decision.
August 31, 2026
An image showing rising interest rates impact on options prices, with a call placard shown rising, while a put placard is shown falling. Rising rates benefit call values but hurt put values.

How Interest Rate Movements Affect Options Prices

Interest rates have an important effect on options prices, especially when rates are high. The options greek rho measures the impact of rates and can help when evaluating options.
August 27, 2026
Cartoon illustration of a soft pillow gradually falling through the air but making a sudden, hard collision with the ground upon landing.

Hard-Hitting 'Soft' Data: Why Surveys Matter

'Soft' reports like sentiment and confidence don't reflect 'hard' data like GDP or CPI. Still, they can affect markets and come with various strengths and weaknesses to consider.
August 25, 2026
A cartoon image of a globe, with a keyhole in Europe, being approached by a large metal key.

ADRs Walk and Talk Like S&P 500 Stocks, but Aren't

Some of the largest tech stocks aren't traded on the S&P 500, though they trade on U.S. markets and affect Wall Street sentiment. ADRs are familiar stocks with unfamiliar pedigrees.
August 19, 2026
A calendar is displayed with coins on one date and a Post-It note with the words "early exercise" written on it on an earlier date. The image represents a trader deciding whether they should exercise an option early due to the underlying stock's upcoming dividend.

Understanding Dividend Risk: Basics and Examples

When holding a short call option on a dividend-paying stock, traders should understand how dividend risk can affect options pricing, early assignment, and strategy outcomes.
August 17, 2026

Schwab Market Perspective

Our point of view on recent market and economic activity.
August 14, 2026

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