MACRO PULSE
2026 Outlook: Charting the Year Ahead
As investors look to 2026, markets are defined by tension. Our Global Market Strategy team shares their outlook.
From the Global Market Strategy Team: How a U.S. government shutdown hits the strategist desk Get Our Insights >
Smart insights drive stronger portfolios
We leverage proprietary research and collaborate with investment teams across New York Life Investment Management to offer timely answers to the questions facing investors today in key areas:
Chart of the Week: Tech Delivers, While Diplomacy Wavers
WEEK OF June 7, 2026
The U.S.–Iran ceasefire has reduced immediate tail risk for markets, but it has not yet restored confidence in energy flows or shipping through the Strait of Hormuz. At the same time, markets are finding support from resilient U.S. data, strong earnings, and continued AI-related investment. Tech is still delivering, even as geopolitics keeps the path forward more volatile and headline driven.
Read Macro Pulse Report: Dog Days, Data Shifts
Tech Delivers, While Diplomacy Wavers
Tech is delivering, diplomacy is wavering, and markets are trying to price both. Julia Hermann and Michael LoGalbo unpack the June Macro Pulse, from AI-driven earnings strength and resilient U.S. growth to geopolitical risk, higher yields, and what it means to be more selective in portfolios.
Strong Earnings, Untested Risks
Q1 earnings season delivered unusually strong results, with broad-based earnings growth and resilient margins despite geopolitical and energy-related pressures. In this Market Insights video, Julia Hermann discusses why broadening earnings growth and continued tech leadership can coexist, and what rising input costs could mean for sector positioning and diversification.
Trends in Market Structure: Digital Assets Edition
Strong Earnings, Untested Risks
2025 | Trust or Bust: The Next Era of Global Debt Sustainability
The choices governments make will shape long-term capital markets assumptions around inflation, interest rates, and potential growth; and will influence asset allocation.
A global debt sustainability framework:
Private Markets
Navigate the next phase of global private markets
Key investor questions:
- How does an extended but maturing private markets cycle change where investors should be selective across private equity, private credit, real estate, and real assets?
- Where are the most compelling opportunities as policy support, easing financial conditions, and elevated long-term rates reshape valuations, deal activity, and underwriting discipline?
- How are global transitions such as AI, digitization, electrification, and supply chain reconfiguration creating long-term, capital-intensive opportunities across private markets?
Prospective investors should be aware that investments in private funds or alternative investment strategies are suitable only for qualified investors who do not require liquidity and who can bear the economic risk, including the potential for a complete loss, of their investment. Investors are encouraged to consult their tax or legal advisors before making such investments.
Video: Private Markets Outlook - Extending the Cycle
About Global Market Strategy
Our team of market strategists connects macroeconomics to asset allocation. We provide actionable insight into market-driving events, structural themes, and portfolio construction to empower investment decision-making.
Lauren Goodwin, CFA
Chief Market Strategist
Julia Hermann, CFA
Global Market Strategist
Michael LoGalbo, CFA
Global Market Strategist
Sarah Hirsch
Global Market Strategist
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