Weekly Commentary | September 21, 2025 | Muni Merger Mania, JEQ To JOF, PIMCOs Rocking

Sep 22, 2025

∙ Paid

Summary

The S&P and Nasdaq reached new highs, with strong YTD gains driven by continued stock market momentum and supportive macro conditions.
The Fed cut rates by 25 bps, signaling potential further cuts due to labor market risks and persistent inflation, impacting bond yields and market sentiment.
Fitch downgraded France's credit rating, and US investmen…