Our Private Markets & Alternatives strategists assessed retail real estate opportunities. Retail Real Estate is a contrarian opportunity, with investor sentiment at rock-bottom levels despite shifting consumption patterns.…
Our Equity Analyzer team used their platform to find value plays in a richly-valued US stock market. US equities remain in a bull market, but valuations are stretched, with investors heavily concentrated in large, trending…
US January housing data disappointed, with housing starts falling 9.8% m/m after expanding 16.1% in December. The February NAHB Housing Market Index also weakened, falling to 42 from 47 in February. Building permits were the one…
Our Private Markets & Alternatives strategists published their 2025 capital market assumptions (CMAs). The 2025 edition features several enhancements such as deal-level projections, refined methodologies, and expanded coverage.…
Markets and forecasters anticipate a “Golden Age” for Trump’s America, with US growth expectations soaring while the rest of the world lags. However, this extreme optimism means that there is a lot of room for disappointment. Cooling…
In this first presentation of 2025, we start with an overview of the 2025 outlook webcast polls, and a brief post-mortem of the 2024 market performance. Then, we shift gears and examine what is behind the recent surge in bond yields…
This is the time of the year when strategists are busy sending out their annual outlooks. Here on the Global Investment Strategy team, we decided to go one step further. Rather than pontificating about what could happen in 2025, we…
Housing activity data missed expectations and decreased in October. Building permits came out at 1.416m vs. 1.428m in September, and housing starts decreased from 1.354m in September to 1.311m. Units under construction keep…
Global economic surprises have improved. Currently positive and improving in the US, they are rising from a low level in the Eurozone and China. Two explanations could explain this momentum. First, the recent easing in…