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Projections of long-run Fed funds rate are declining

Get our review of market reactions to the Fed’s 25 bps rate cut this week and the likely upshot of the Fed’s downtrending rate forecast.

Productivity primer: It’s all about the crust

What is productivity, and how does it contribute to income and growth for investors?

Private markets outlook: Refilling the glass

As we approach the end of 2024, sparks of life are emerging in private markets, fueling optimism for improved liquidity and a revitalized investment landscape.

Private markets attractive in market drawdowns?

This week’s chart looks at private markets’ relatively small declines during the past two market drawdowns compared to their public counterparts.

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.

Private credit: Opportunities to seize and risks to avoid

Chief Market Strategist Troy Gayeski dives into the potential opportunities and possible pitfalls in today’s private credit landscape.

Private credit yields remain attractive despite Fed rate cuts

Real yields on private credit could remain in their top historical quartile even if the Fed cuts another 75 basis points as markets expect.

Private credit valuations proven conservative over time

Private credit investors’ realized losses have been about half that of unrealized markdowns during the past three periods of market stress.

Private credit maintains its healthy yield premium

Amid private debt’s massive growth, this week’s chart looks at the healthy yield premium of private credit transactions compared to public markets.
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