Most of the gains came from public equity investments and private debt.
Durable profit growth and falling inflation should support stocks, but UBS sees limited upside.
The tax-exemptions for municipal bond income are attractive with taxes due to rise next year.
Both fixed-income and equity traders outpaced analysts' estimates.
The economist said the Fed may fear an inflationary shock after the U.S. elections.
Portfolio trading holds the promise of injecting more liquidity into the buy-and-hold market.
The latest move followed data that showed US inflation slowed further last month.
Traders fully priced in a September cut for the first time in months.
Two firm investment specialists said markets will thrive no matter who wins the presidential election.
Credit quality in the muni market is showing signs of pressure as pandemic aid winds down.
Three Goldman Sachs experts discussed the firm's midyear economic outlook.
The firm says more capital is chasing too few opportunities, and that curbs returns.
The rally in emerging-market high-yield debt is back on as investors grow confident.
Pat Haskell's key challenge is reversing severe outflows from actively managed mutual funds.
The Fed chairman's remarks suggest the Fed is unlikely to reduce rates when it meets later this month.
History shows that the U.S. economy can thrive with 5% interest rates, strategist Savita Subramanian said.
The bet on the yield curve normalizing toward a steeper slope looks as good as it has in months.
The proposal shows the mounting challenges for small schools to make ends meet.
The Fed chairman said more evidence is needed that inflation is nearing the central bank's 2% target.
Wall Street strategists are urging clients to position for sticky inflation and higher long-term bond yields.
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