02/27/2026
Markets look steady… but the action underneath is getting louder. We’re seeing investors re-price the crowded AI trade from possibility to price, policy uncertainty back in focus, and rotation toward defensives — even as indexes stay calm. Looking ahead: expect more modest returns with heightened volatility. Read the Cetera Investment Management Team's commentary for takeaways:
Recent market conditions reflect a complex mix of elevated valuations, policy uncertainty, and shifting investor expectations. Despite steady index performance, defensive rotation and widening dispersion suggest rising concern about the economic outlook. Read our latest commentary to explore what’...