Macro
Charted territory: Playbook for a new stock-bond correlation regime
The positive correlation between stocks and bonds has broken a 20-year trend of low-maintenance diversification. We argue this is not a cyclical anomaly but the start of a new regime.
More of our insights
Showing 1–6 insights out of 116 results
Chart of the week
A challenged 60/40 highlights the need for alts
The 60/40 may have thrived in the past, but today, alternative investments appear better-positioned across these four key metrics.
![](https://fsinvestments.com/wp-content/uploads/2024/07/COTW_2024-07-26_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)
Chart of the week
Cash left behind amid rapid market rotation?
Money market fund AUM is rising, even as yields decline, setting up an environment where investors could be subject to significant opportunity cost.
![Line chart showing money market funds assets under management growing steadily since January 2023, from $4.9 trillion to just over $6.1 trillion as of July 2024. While investors have been plowing money into cash, Treasury yields have stepped down -55 basis points since mid-April. Declining inflation readings suggest cash could also become less attractive.](https://fsinvestments.com/wp-content/uploads/2024/07/COTW_2024-07-19_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)
Chart of the week
U.S. middle market optimism outshines the world
This week’s chart examines the case for U.S. middle market firms, which expect a notably brighter future than their international peers.
![Column chart showing the percentage of middle market firms by country that expect to generate higher profit growth over the next 12 months. U.S. middle market firms lead the way, with 70% of companies expecting higher profits compared a global average of 59%. Just 45% of firms in the European Union expect higher profits over the next 12 months compared to 56% of Asian Pacific firms, 58% of firms in the EMEA region and 63% of Latin American firms.](https://fsinvestments.com/wp-content/uploads/2024/07/COTW_2024-07-12_thumbnail-247px.jpg?w=250&h=150&crop=1)
Podcast
FireSide: Q3 Research roundup—Navigating market optimism
Our experts dive into their outlooks for macro and markets in the third quarter.
![](https://fsinvestments.com/wp-content/uploads/2024/07/Insights_1442x1004.png?w=250&h=150&crop=1)
Chart of the week
Private equity has historically outperformed public markets
The Magnificent 7 makes all the headlines, but private equity has quietly outperformed the S&P 500 over the past 5-, 10-, 15- and 20-year periods.
![](https://fsinvestments.com/wp-content/uploads/2024/06/COTW_2024-06-14_v1_thumbnail-247px.jpg?w=250&h=150&crop=1)
Strategy note
Too good to be true?
Why fears of “Global Financial Crisis Part II” are a suboptimal reason to hold on to cash
![](https://fsinvestments.com/wp-content/uploads/2022/04/Screen-Shot-2022-04-25-at-4.26.39-PM.png?w=250&h=150&crop=1)
Showing 1–6 insights out of 116 results