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FANG–interest rate correlation turns more negative

Tech stocks have had a topsy-turvy 2021. Our chart looks at their correlation with rates, highlighting the importance of flexibility.

Family offices to increase allocation to alternatives

This week’s chart looks at institution's growing interest in alts; they expect to grow allocations to real estate, private debt and private equity.

Family offices plan material increase to private markets

This week’s chart looks at family office CIOs’ plans to increase allocation to alts in 2024, specifically private credit and private equity.

Falling equity yields predicting too rosy a scenario?

As the equity premium has declined, stocks may not be compensating investors given today’s macro risks.

Eye on CMBS delinquencies: CRE debt market health check

Real estate lending remains conservative and the CMBS delinquency rate recently hit a post-crisis low.

Even a small rate rise highlights bonds’ weakness

Traditional bonds have seen three months of negative returns. Our chart offers a cautionary outlook on bond returns in today’s rate environment.

Equity volatility bounced in February, yet remains below average

VIX averaged a historic low in 2017 and remains relatively constrained

Equity performance increasingly rate-dependent

This week’s chart looks at duration risk within the equity market and why style agnosticism may be more important than ever in such an environment.

Equity markets have been telling the wrong story

Falling yields, a perfect storm of policy uncertainty and the looming economic slowdown mean investors should prepare for higher volatility.

Equity markets and the global reflation trade

What reflation is, how it has historically been manifested, and what it means for today’s equity markets.
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