Markets and Economy What is the national debt, and how is the deficit different?
The federal government borrows money to pay its bills, and those loans get added to the national debt until they're paid off.
May 30, 2025
Markets and Economy
What the narrow market means
July 25, 2024
The top holdings in the S&P 500® Index have been generating a sizeable portion of the market’s gains. This narrow leadership casts doubts on the durability and strength of the market’s rebound. But on the bright side, this narrow market looks quite different than the stock market bubble of 1999. So where do we go from here? Market participation has tended to broaden as economies recover from weak environments.
Get my analysis in my chartbook: What the narrow market means.
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