Falling rates and softer inflation contribute to a reversal in market leadership   Key Observations Softer inflation data released in July pushed interest rates lower and market expectations for a September Fed rate cut are almost fully priced in. More rate-sensitive assets fared well. Market leadership shifted on the back [...]

A back-to-the-basics look at allocating capital efficiently Key Observations A fixation on the direction of interest rates continues to drive prices in the short term, including in May. Rates moved lower, pushing rate-sensitive asset classes ahead of their peers. However, we take this opportunity to step back from the short-term [...]

In January of 2024, a disturbing incident shook the financial world as a Hong Kong bank employee fell victim to deepfake technology, resulting in a fraudulent payout of $25 million.[1] This sophisticated deception, where AI-generated replicas of colleagues participated in a video conference, underscores the growing threat posed by AI-driven [...]

The impact of military conflict on markets   Key Observations Markets repriced in April on “higher-for-longer” rates pushing longer duration fixed income and duration sensitive equities lower. Small-cap growth stocks were hit as the two largest securities in the index declining -15% and -37% due to moderating AI spending concerns. [...]

A data driven view into partisan politics In 2024, citizens worldwide will head to the polls, shaping the course of their nations. National elections are slated to occur in countries representing 40% of the global population.[1] The decisions made by these elected officials can hold significant sway over our daily [...]

Key Observations Most risk assets advanced in February as optimism remains that the no-show recession of 2023 continues to fade further into the rear-view mirror. As a result, fixed income investors have also tempered the expectations around rate cuts and longer duration assets underperformed. For the first time in 34 [...]

Changing interest rate expectations impact markets at the start of the year. Key Observations Markets were mixed in January, with U.S. large cap equities leading the way while non-U.S. equities and fixed income produced lackluster returns. Market sentiment shifted and optimism on the potential for a soft-landing grew. Expectations for [...]

If you’re looking to attract an investor or an acquirer one day, expect them to dig into your sales and marketing process.  If you’re a company that sells to other businesses, an investor will want to know where you get your leads from and how much each costs you to [...]

Interest Rate Challenges into Opportunities Key Observations Our 10-year return forecasts show increased opportunity across fixed income and real assets with a modest step back for equities. This makes for one of the more attractive risk-adjusted returns for fixed income relative to equity we have seen in several years. We [...]