Last Week
Swan Lake: The Risks That Would Most Disrupt Consensus in 2026
February 18, 2026
Geopolitical risk is already shaping 2026. In our latest Black Swans report, we explore unlikely scenarios that could meaningfully alter the investment landscape. These are not predictions, but they are worth examining.
Extending the Cycle: Growth and Opportunity in Private Markets
Private markets remain a core and growing component of multi-asset portfolios.
Fed Independence: No Longer a Theoretical Risk
Questions around Federal Reserve independence have resurfaced, raising concerns about policy credibility, market stability, and long-term inflation expectations.
Charting the Year Ahead: Outlook for 2026
From large caps to quality small caps, structured credit to global equities, our strategists outline where they see opportunities in 2026.
Is AI in a bubble?
Julia Hermann explains why AI’s transformative potential still supports long-term investment conviction, even as valuations rise and near-term market dynamics shift.
How the U.S. Government Shutdown Hits the Strategist Desk
The U.S. government shutdown is entering its third week, raising concerns about economic momentum and market volatility.
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.