Weekly Market Commentary 10-5-2026

"The Math Has Changed"

See what we have to say about the following:

 

 

 

 

·        The Math Has Changed: Higher rates and short-term refinancing are increasing federal interest costs.

·        The 1990s: Same Burden, Different Math: Today’s larger debt load makes federal finances more vulnerable to higher rates.

·        The Setup for Investors: LPL favors high-quality, short-to-intermediate bonds while remaining cautious on longer maturities.

·        STAAC Commentary: STAAC remains overweight equities, underweight fixed income, and focused on higher-quality credit.