Bonds have been behind the world’s biggest buildouts, effectively financing the future throughout history. And while equity markets have remained front and center amid the ongoing artificial intelligence (AI) driven bull market, as hyperscaler
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With today’s elevated volatility in equity and bond markets, we wanted to revisit one of the most popular investment strategies that has broadly served investors well over the last few decades — the 60/40 portfolio. Pioneered by Harry Mark
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The Federal Open Market Committee (FOMC) is meeting to deliberate on short-term interest rates and will announce their decision this afternoon. Expectations regarding whether the Federal Reserve (Fed) will raise rates again after September's incr
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Corporate America faces a higher bar this earnings season. Technology and artificial intelligence (AI) names remain in the spotlight amid ongoing spending, financing, and monetization scrutiny, while the macro backdrop remains clouded by rising energ
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Interest rates have been at the top of mind for investors over the past few months, and for good reason. Here in the U.S., high levels of government debt, geopolitical uncertainty, shifting economic conditions, and increasing competition from AI-driv
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One of the more interesting developments in the bond market last week, in our view, had less to do with the news itself and more to do with how the markets reacted to it.
My colleagues and I often talk about “news failures” o
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Meta’s September launch of Muse, a personal artificial intelligence (AI) agent designed to act on a user’s behalf across digital workflows, crystallized the market’s latest disruption narrative. If AI can make consumer switching eas
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In this month’s edition of the Equity Research team’s flagship “Beyond the Numbers” publication, we discuss the potential threat that personal artificial intelligence (AI) agents, like Meta Platforms’ (META) recently rel
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Happy Anniversary bull market! October 12 marked the fourth anniversary of the bull market that began at the S&P 500’s closing low of 3,577 on October 12, 2022. Four years later, the index has more than doubled, an impressive run considerin
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Since the start of the war with Iran, investor attention has understandably centered on crude oil. The effective closure of the Strait of Hormuz removed roughly 15 million barrels of crude per day from the supply chain, representing nearly 20% of glo
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