The S&P 500 has hit a fresh new high. Are stocks ready for a pullback? This week’s chart looks at the split between equities and earnings.

Private debt has grown from niche asset class to a heavyweight due to multiple structural shifts in capital markets—and its growth has shifted the opportunity set for both investors and borrowers.

The investment opportunity set has changed in 2022. This week’s chart looks at signs of balance between U.S. and international stocks.

What is a BDC? Business development companies, or BDCs, enable the flow of capital from individual investors to private U.S. middle market companies. By pooling investments from individuals, BDCs help provide many middle market companies with the capital they need to operate and grow. A BDC must invest at least 70% of its assets in...

We believe the Fed should take a cautious approach to cutting rates, despite the short-term benefit to financial markets.

As rates have risen again, our chart looks at the limited duration profile on below investment grade markets.