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: Q1 Earnings Season: Outperformance Before Resilience is Truly Tested
WEEK OF MAY 17, 2026
Q1 2026 earnings season for U.S. equities showed a level of strength normally seen in an immediate post-recession recovery.
Read Macro Pulse Report: Dog Days, Data Shifts
Q1 Earnings Season: Strength Before Resilience is Tested
The market broadened, but profitability leadership still matters. On Market Matters, Julia Hermann and Sarah Hirsch discuss Q1 earnings, AI-related capex, margin resilience, and the risks that could make the earnings picture less uniformly positive from here.
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.
Q1 Earnings Season: Strength Before Resilience is Tested
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
Subscribe to receive the latest macroeconomic commentary from New York Life Investment Management.
Subscribing gives consent to receive personalized online ads from New York Life Investment Management.
