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

September 10, 2026

August presented a mixed economic backdrop, as inflation remained above the Federal Reserve’s target, labor market conditions softened, and consumer...

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September 10, 2026

July was dominated by renewed escalation in the U.S.-Iran conflict and rising disruption risk around the Strait of Hormuz, driving...

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September 10, 2026

Geopolitical conditions remain unsettled, particularly in the Middle East. Developments involving Iran have moved in and out of focus, with...

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