Pierce Wealth Management

Constructive on Stocks in the Second Half as AI Debate Continues This week's Weekly Market Commentary discusses how the S&P 500 finished a volatile July slightly lower while maintaining solid year-to-date gains, as key second-half themes including geopolitical tensions, energy supply concerns, and mixed investor sentiment around AI-driven earnings quickly came in...

Q2 2026 | Earnings Season Dashboard | Week 1 Second quarter earnings season has started on a strong note, with S&P 500 EPS growth tracking at 25% year over year, driven largely by technology companies and robust bank results fueled by capital markets activity. Analysts have also become more optimistic about future earnings, with consensus S&P....

What We Know About the Fed’s Task Forces LPL Research breaks down the Fed's five task forces and what their recommendations could mean for inflation, productivity, and policy.

Is Bad News Already Priced into the Bond Market? This week’s Weekly Market Commentary discusses how Treasury yields have risen sharply amid geopolitical tensions and stronger growth expectations, while markets have largely absorbed risks such as higher-for-longer interest rates and ongoing geopolitical uncertainty. It also notes that stable infl...

AI’s New Frontier: The Transformation of Investment-Grade Credit AI-driven bond issuance by hyperscalers is reshaping IG credit, boosting supply and duration risk, and providing opportunities for income-focused investors.

A New Fed Regime: Warsh, Policy Direction, and Treasury Market Consequences This week’s Weekly Market Commentary discusses how a potential transition from Jerome Powell to a Kevin Warsh–led Federal Reserve could mark a meaningful shift toward a smaller Fed footprint, less forward guidance, and greater reliance on market-driven price discovery. LPL Research explores what...

American Industrial Renaissance: Fact or Fiction? This week’s Weekly Market Commentary discusses whether the much‑touted “American Industrial Renaissance” is truly taking shape amid shifting supply chains, declining manufacturing employment, and increased policy efforts to reshore production. It examines the forces behind this theme and hig...

Are Treasuries Losing Their Luster? LPL Research examines whether rising U.S. debt threatens Treasuries’ safe-haven status, and why investor demand remains resilient.

Lessons From Past Conflicts for Today’s Stock Market This week's Weekly Market Commentary discusses ongoing geopolitical risks stemming from strikes on Iran and the effective closure of the Strait of Hormuz, noting that while markets often recover quickly from conflicts, uncertainty remains elevated and capitulation signals have not yet emerged. Despi...

Private Credit Under Pressure: Liquidity Mismatches in an AI-Disrupted Cycle This week's Weekly Market Commentary discusses how accelerating AI adoption by firms such as Anthropic and OpenAI is disrupting the SaaS and enterprise software landscape, intersecting with rising stress in the private credit market as redemption pressures expose liquidity and valuation mismatches.....