After some truly horrific personal income data last summer, the consumer is finally beginning to see meaningful increases in income, writes Morningstar's Bob Johnson.
Market volatility has fallen and tight correlations have loosened, indicating some calming of fears and increased attention on more traditional economic and earnings-related news.
The Fed's commitment to keep rates low for years may have diminished interest-rate risk for Treasury investors, but inflation could still swallow up returns, says Morningstar's Eric Jacobson.