After a difficult September, investors enjoyed a respite from the grueling downturn in the capital markets. Global stocks surged on a wave of optimism as investors absorbed third quarter corporate earnings and hoped that the Federal Reserve and other central banks would slow the pace of monetary tightening. Fixed income again created headaches for investors as interest rates continued their upward trajectory. The yield curve remained inverted with short-term rates higher than long-term rates, a recessionary signal that has led to a rush of new money into cash and short-term fixed income.

RECENT INSIGHTS

June 5, 2026

The Iran war dominated geopolitics in May, with a largely nominal ceasefire and Strait of Hormuz restrictions disrupting about 20%...

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May 7, 2026

The Iran war entered a critical phase in April 2026, marked by a fragile ceasefire, stalled peace negotiations, and an...

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April 15, 2026

Geopolitical risks re‑entered the spotlight in early 2026 with U.S. military intervention in Venezuela and U.S.–Iran tensions escalated, disrupting energy...

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