Q1 Capital Markets Review
Entering 2025, strong economic momentum gave way to heightened volatility as aggressive U.S. tariff actions disrupted markets and trade relationships. Our report reviews how these shifts impacted public and private markets, identifies actionable investment opportunities, and outlines strategic posit
Q4 Capital Markets Review
Global equities declined 1.0% in Q4 but rose 17.5% in CY 2024, driven by U.S. large-cap stocks (+24.5%) benefiting from strong earnings, economic resilience, and AI-driven tech gains. Fixed income struggled in Q4 as yields surged, though CY 2024 returns remained positive. High-yield bonds and levera
Capital Markets Executive Summary
Global equity markets advanced 6.6% in Q3, bringing YTD gains to 18.8% through early October, with emerging markets leading the way. Fixed income appreciated as interest rates fell, and alternative assets like hedge funds, private equity, and private credit posted positive returns. Our report explor
Capital Markets Executive Summary
Global equity markets continued to rise in Q2 2024, while exhibiting significant sectoral and regional trends. US large-cap stocks lead the charge, driven by robust corporate earnings and favorable inflation data. Growth stocks, particularly those linked to AI, outperformed. Our report explores thes
Capital Markets Executive Summary
Global equity markets gained 8.1% during the quarter, led by a 10.4% rise in US large-cap stocks. Despite strong initial performances, markets retreated by 5.1% in early April amid rising US inflation and geopolitical tensions. In fixed income, the Barclays US Aggregate Index saw a 0.8% decline in
Capital Markets Executive Summary
In 2023, capital markets experienced robust growth, with the ACWI Index appreciating by 22.2% and major equity indexes like the S&P 500, MSCI EAFE, and MSCI Emerging Markets registering 8%-11% gains in Q4, propelled by faster-than-expected inflation declines and falling bond yields. The fixed income
Capital Markets Executive Summary
In Q3, equities dipped 3.4% but are up 11.2% YTD. Rising bond yields impacted US stocks, while international equities felt pressure from Europe and China. Bonds faced challenges, but high-yield assets remained resilient. Hedge funds saw modest growth, while private equity hinted at promising gains.
Capital Markets Executive Summary
Global equity markets (ACWI Index) rose by 6.2% in Q2 and gained 16.7% YTD through July 14, 2023, with US stocks leading the rally due to optimism in tech companies, decreased inflation, positive economic data, and the resolution of the regional banking crisis. International equities had a less impr
Capital Markets Executive Summary
Q1 2023 saw strong US employment and economic data, which led to a spike in US Treasury yields. The collapse of Silicon Valley Bank and Signature Bank on March 10th altered investor expectations regarding interest rate trajectory and economic growth. The equity market has rallied since the SVB news
