Low-volatility stocks look cheap, AI may be helping hiring, and banks are turning higher rates into a tailwind.

Highlights from the week of July 17 – July 23, 2026.

New Fed Chair Kevin Warsh appears ready to give markets fewer signals. That may give the Fed more flexibility, but it also gives every data point more power to move markets.

Elevated coupon income should continue to support senior loan returns in the second half of 2026, but tighter valuations and rising sector dispersion reinforce the importance of active credit selection.

A new wave of ERISA-friendly commercial mortgage loan investment vehicles are helping to streamline sponsors’ ability to broaden their fixed income toolkit. Here’s why that’s interesting right now.

The Trump administration is taking stakes in chip, defense, quantum, and rare earth companies that align with policy priorities. These “National Champion” stocks could see long-term competitive advantages that aren’t immediately apparent.

Lower income households are getting a raise, increasing capex estimates signal confidence, and small businesses are catching up in their use of AI.

AI-related debt is now over 15% of the U.S. investment grade bond universe and responsible for multiple $10+ billion private placements, and that’s not even taking into account associated sectors. Here’s where we see potential— and pitfalls—for fixed income portfolios.

Substituting convertible securities for CCC rated bonds in high yield mandates may improve return potential while reducing reliance on distressed credit risk.

With attractive yields, robust covenant protection, and ample liquidity, investment grade private credit is a growing favorite of both investors and borrowers. Here’s what you need to know.