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Markets

Chaos & Uncertainty! – Prepared Remarks Replay & Summary

March 6, 2026

If you ask a strategist or an economist to describe the economy, the words “chaos” and ‘uncertainty” get evoked. Yet measures of volatility in the bond and stock markets are relatively low. The stock market is less than 2% from its all-time high, the U.S. 10-year yield is trending sideways, and the economy grew at a very average 2.2% in 2025. At first blush, it appears there is no chaos or uncertainty. However, beneath the surface, a major change is underway.
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