Insights

Our outlook for Fed policy in 2026....

This week, our screeners explore German stocks to underweight or short, sectors that would benefit the most from a reversal of the K-Shaped economy, as well as gold miners equities....

The dollar enters 2026 on the edge of a structural decline. Our FX Key Views report maps the valuation, flow, and policy pressures that could finally trigger a sustained downtrend – and where the trade opportunities lie....

Every year, the Global Asset Allocation team compiles a list of our favorite books, essays, and articles from our strategists ahead of the holiday season. This year, we focus on writings by practitioners in the world of finance, business, and beyond. While diverse in their backgrounds, one theme sta...

As in the US, Europe now offers compelling opportunities, albeit in different sectors and countries. Multifamily remains resilient amid structurally tight supply, while Industrial continues to cool. The most attractive opportunities are emerging in Office and Retail, where fundamentals are beginning...

Rumors are swirling in Washington, D.C. that the Supreme Court of the United States (SCOTUS) will rule on President Trump’s tariff policies either this week (according to Barron’s) or in early January (according to Treasury Secretary Scott Bessent). A ruling against the tariffs would be a major stri...

Lots of data out today, most of which point to a global economy that is cooling but not (yet) freezing....

Employment Data Point To Dovish Policy Surprises In 2026...

Following this weekend's election, we reiterate an overweight stance across Chilean risk assets relative to EM benchmarks and advise buying local currency government bonds (currency unhedged)....

The US is ripe for a third major political party, but the two-party system will probably prevail in the 2028 election. The macro context will determine whether the US elects a left-wing populist. ...