James Mackintosh

The Swiss bank’s investors might have expected a corporate governance disaster based on its ESG scores—but only if they picked the right ratings agency.

American stocks have been a global standout. But that exceptionalism may not last as Covid retreats.

The three ways that the market seems to be returning to normal after its pandemic unruliness, plus one possible change in its long-term pattern.

Here’s a look back at lessons learned from a year of Streetwise columns on Tesla, meme stocks and inflation.

Speculative stocks have been crushed, even when the wider market reached new highs. Many blame the Federal Reserve, but the link between monetary policy and speculation is less clear than it seems.

There are all sorts of rationales why the Fed chief changed his stance on inflation. Why he did matters to investors.

Expect prices to swing around as markets try to get ahead of the science and assess the binary risk of new lockdowns—or not.

Rent rises that haven’t yet been measured will filter through to higher services inflation in coming months.

The renomination of Jerome Powell removes a source of uncertainty for markets. Now the markets can get back to deciding whether Mr. Powell is right about inflation being transitory.

The infrastructure act marked a defeat for a faction of progressive economists, but important elements of their modern monetary theory are accepted by much of the financial establishment.