During the second quarter, U.S. economic growth continued near a 2% pace, the Fed raised rates once and promised to deliver another two hikes prior to year-end, U.S. equities were strong performers led by mega cap Nasdaq names, fixed income returns were negative as long rates rose, real assets were mixed with gold and real estate rising while energy fell. Alternative assets remained well positioned, especially as certain segments continue to rerate lower in price given the change in rates.
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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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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Geopolitical conditions remain unsettled, particularly in the Middle East. Developments involving Iran have moved in and out of focus, with...
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