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Showing 7–12 insights out of 143 results
Oct 11, 2024
By Research
2 minute read
Chart of the week

Rising volatility expectations point to market anxiety

Expectations for equity and rate volatility spike amid increased election and rate anxiety.

Line chart that shows measures of expected rate (MOVE) and equity (VIX) volatility since June 2023. Both measures have been elevated since Q2 2024 but spiked in October amid increased investor anxiety surrounding the election and a shifting Fed rate outlook.
Oct 4, 2024
By Research
2 minute read
Chart of the week

Shrinking public markets mean growth in private markets

Take-private volume has outpaced IPO volume by 3.5x since 2022. This represents an accelerating shift in opportunity toward private markets.

Column chart showing the IPO- and take-private volume by year. Since 2022, take-private volume has outpaced IPO volume by more than 3.5x, highlighting a trend in which the number of publicly traded firms has halved, from about 8,000 to 4,000 since the mid-1990s, while the opportunity set within private markets has seen corresponding growth.
Sep 27, 2024
By Research
2 minute read
Chart of the week

Middle market at the center of U.S. job growth

With employment data in focus, the middle market has shined, outpacing job growth in small and large-cap firms by more than double.

Sep 20, 2024
By Research
2 minute read
Chart of the week

New rate regime, same rate volatility?

Fed rate cuts have not appeared to end rate volatility. Treasury yields retraced their decline as markets digested a still data-dependent Fed.

Line chart showing the path of 2- and 10-year Treasury yields this week. Yields plunged immediately after the Fed announced the 50 basis point cut but retraced nearly all of the decline in the subsequent 24 hours as investors digested that the Fed’s data-driven approach and continued focus on inflation could prolong rate volatility.
Sep 5, 2024
By Lara Rhame
5 minute read
Playbook

Mapping the markets: Q3 2024

We synthesize the latest analysis on macroeconomics, public markets and alternative strategies.
Aug 16, 2024
By Research
2 minute read
Chart of the week

Election anxiety comes into focus for markets

This week’s chart highlights perceived market drivers over the next 30 days. Notably, the downside drivers outweigh the upside.

Column chart showing the results of a poll surveying investment managers’ views on market drivers over the next 30 days. Results were decidedly bearish, with the political environment and equity valuations among the largest expected drivers of negative returns. These factors more than offset supportive central bank policies and equity fundamentals in participants’ views.
Showing 7–12 insights out of 143 results

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