commentary
Reinhart Week in Review by Madison Investments 07.25.2025
While tariffs appear lower than feared - potentially settling around a 15% “floor” - they remain well above levels from earlier this year. Meanwhile, airport municipal bond issuance reached its highest total for the first half of the year since at least 1990.
Read MoreWeekly Mosaic Update
The Weekly Mosaic contains the latest market and economic news and data, including what to watch in the coming week, index returns, and current positioning of Mosaic model portfolios.
Read More2025 Mid-Year U.S. Equity Letter from Haruki Toyama
Haruki Toyama, Portfolio Manager and Head of Large and Mid Cap Equity, shares his perspective on how volatility shapes our view of the businesses we own.
Read MoreReinhart Week in Review by Madison Investments 07.18.2025
This week, political pressure on Fed Chair Powell intensified, while June data showed stubborn inflation and stronger-than-expected retail sales. The Reinhart Fixed Income Team shares their perspective in this week’s Week in Review.
Read MoreQ2 2025 Market & Economic Review
Download our quarterly communication with market and economics charts, and commentary on events of the previous quarter.
Read MoreReinhart Week in Review by Madison Investments 07.11.2025
The Trump administration’s new tariffs added pressure to global trade flows, while the Fed remains divided on rate cuts, and job growth continues to slow. The Reinhart Fixed Income Team unpacks the potential market impact in their Week in Review.
Read MoreMonthly Market Update - July 2025
As the major stock indices ticked up to new all-time highs in late June, something seemed to be missing: euphoria. For one, the S&P 500 Index's 5.1% return in June brought the year-to-date gain to 6.2%, a modest figure compared to the 20%+ returns of the past two years. But more fundamentally, the return of a narrow, tech-driven market overshadowed the less buoyant majority of stocks and didn't reflect the emerging and significant concerns for the remainder of the year.
Read MoreReinhart Week in Review by Madison Investments 06.27.2025
Income and spending softened in May amid tariff uncertainty, while inflation edged up slightly, keeping the Fed cautious about rate cuts despite growing debate among officials. Encouragingly, progress on trade and a ceasefire in the Middle East brought some relief to markets.
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“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”). MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority. The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison’s toll-free number is 800-767-0300.
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Any performance data shown represents past performance. Past performance is no guarantee of future results.
Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of, or guaranteed by, any financial institution. Investment returns and principal value will fluctuate.
This website is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security and is not investment advice.