After a brief boom, business investment is set to slow down this year. The reversal could provide opportunities in an equity market that is lacking them.

A new strategy note from Chief Market Strategist Troy Gayeski

Macro sentiment around the path of interest rates, preference for risk-taking and the general economic outlook has had a remarkably similar impact on corporate credit in 2023 as it did in 1H 2022.

Economic data remains strong, but consumer and business sentiment look increasingly shaky. Are we at a tipping point?

Amid the emergence of significant regional and global bank stress, fixed income volatility spiked in March as the MOVE Index rose to levels last seen in 2008.

The correction in U.S. commercial real estate continues, with ultra-low interest rates and abundant liquidity coming to an abrupt end. The market now must come to grips with a world in which capital is more expensive.

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.