Last Week
Macro Pulse The Long End Takes the Wheel
September 14, 2026
Our outlook for the coming six to twelve months remains constructive, but the path forward has been challenged by a volatile rates environment. We expect the U.S. to continue leading global returns, but elevated inflation, multi-decade-high long-end yields, geopolitical and oil risks, and persistent volatility should keep financing costs elevated and favor high-quality fundamentals.
Macro Pulse Midyear Outlook: The Narrowing Path
Markets enter the second half with a constructive outlook, but a narrower path forward.
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.
Pricing Past the Blockade
Markets remain resilient, but geopolitical risk and higher energy prices continue to shape the outlook.
The Demand for Private Credit Driving the Real Economy
Private credit is playing a growing role in financing the U.S. real economy
Geopolitical Risk in a Shifting World Order
Michael LoGalbo unpacks a world in transition, where geopolitics is moving to the center of the investment landscape.
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