We agree with the consensus view that stock valuations are elevated by traditional measures. But valuations should be considered in the context of the economic
Headlines surrounding the Middle East have dominated investor attention since late February. While uncertainty remains elevated, diplomatic negotiations have supported equities, even as fixed income
In investing, the goal is to find assets that appreciate. That can be accomplished in different ways. One way is to find businesses that aren’t
As we wrote in our recent Rate and Credit View, the case for global bonds has strengthened as the structure of fixed income markets —
As strikes on Iran continue and the Strait of Hormuz remains effectively closed, it’s clearly too early for market watchers to stop thinking about geopolitical
Lower oil “intensity” — less oil used per dollar of economic output — means energy shocks have a smaller impact on growth than in past
The melt‑up in the metals market that defined 2025 has extended its strength into the early weeks of the new year, reinforcing the commodity sector’s
With 2025 behind us, it’s a good time to celebrate some of our better forecasts from last year while also reviewing some misses we can
The bull market appears poised to extend its run in 2026, fueled by ongoing enthusiasm around AI and further easing of monetary policy from the
