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…
Our Private Markets & Alternatives strategists have delved into the North American Buyouts market, concluding that the investment playbook needs rewriting. The performance of Middle Market Buyouts has been exceptional,…
While moving in the right direction, China’s latest stimulus measures are falling short of the mark to reflate the economy. The latest rumors extend this trend. News agencies reported discussions of a CNY 10 trillion…
Germany’s problems are well known: Demographics, Chinese competition, underinvestment, energy dependence, and constrained fiscal policy. Our European Investment Strategy colleagues believe this bad news is priced in…
The “core core” (ex. fresh food & energy) segment of the Tokyo CPI basket beat expectations in October, printing at 1.8% year-over-year and accelerating from 1.6% in September after troughing at 1.5% in July. The…
Elevated US equities valuations and their impact on returns are a hot topic right now. Valuations are not a tactical or cyclical timing tool, but they help predict long-term returns. Our Global Asset Allocation Strategy team…
Rising stock prices and improving economic data have us re-examining our bearish thesis, but we still see deterioration in leading labor market indicators and expect it will eventually culminate in a recession. We reiterate our…
This week, we cover the main questions we fielded during our latest client trip in Europe. Among the many topics broached are Europe’s recession odds, the impact of China’s stimulus, and the outlook for European markets.