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Reinhart Week in Review by Madison Investments 03.07.2025

February job growth fell short of expectations, with only 151,000 jobs added. Meanwhile, tariff uncertainty continues to shake markets as new trade restrictions on China, Mexico, and Canada are implemented and then partially reversed. Get the full analysis in this week’s Week in Review.

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Monthly Market Update - March 2025

A well-worn phrase states that the stock market hates uncertainty. February was a case in point, as the S&P 500 Index dipped -1.3%. This brought the year-to-date index return to 1.4%, though the gain feels increasingly fragile. While there appear to be no deep cracks in what remains a fundamentally strong domestic economy, there were reasons for concern. As tariffs moved from negotiating strategy towards implementation, economists and corporate leaders scrambled to ascertain the complex impacts.

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Reinhart Week in Review by Madison Investments 02.28.2025

This week, the Reinhart Fixed Income team looks at cooling inflation trends, a surprising decline in consumer spending, and the potential implications of Florida’s proposal to eliminate property taxes.

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Reinhart Week in Review by Madison Investments 02.21.2025

This week, the Trump administration signaled broader tariffs and stated that Ukraine may not be protected by NATO. Meanwhile, the Fed remained cautious as it navigates changing fiscal policies.

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Reinhart Week in Review by Madison Investments 02.14.2025

January inflation data signals stalled progress toward the Fed’s 2% target. With disappointing retail sales and the ongoing tariff debate in Washington, the Federal Open Market Committee will have no shortage of topics to discuss in its upcoming meetings.

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Reinhart Week in Review by Madison Investments 02.07.2025

January payrolls rose 143K, missing expectations, but upward revisions to the previous two months and falling unemployment suggest the labor market remains steady. Meanwhile, the Bank of England cut rates, and municipal issuance surged to start the year.

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Monthly Market Update - February 2025

The tailwinds of a strong 2024 combined with optimism for 2025 gave the stock market a broad boost in January, with the S&P 500 Index up 2.8%. Real GDP growth for 2024 is now projected at about 2.8%, well above the long-term trend of 2%, and for another year of 2%+ growth in 2025. Fourth quarter S&P 500 corporate profits showed a robust 13% year-over-year growth rate. The job market remained solid, consumer spending held strong, and manufacturing, long in contraction, began to slowly work its way back to growth. 

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2025 Outlook & Positioning

What does 2025 hold for investors? US economic resilience, a strong dollar, and higher-for-longer rates remain dominant themes - but shifting economic policies could bring new market dynamics. Head of Multi-Asset Solutions, Patrick Ryan, and Portfolio Manager Stuart Dybdahl, share key insights on how to navigate the year ahead.

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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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