Market perspectives

February’s jobs report is the latest signal that the economy has lost momentum, with broad‑based hiring weakness and a rising unemployment rate masked by a shrinking labor force.

During periods of uncertainty, diversification and maintaining adequate sources of cash and liquidity remain paramount, providing a relative source of stability and a source of cash to sustain investors through the period of volatility.

A steeper yield curve is reshaping the case for bonds versus cash — and understanding why it’s happening can help investors better position portfolios for what comes next.