Our Global Market Strategy team’s latest September Macro Pulse report is out! This week’s note shares key changes to the market environment and the team’s views this month.
A central investment theme for the coming month is the expected resumption of the Fed’s easing cycle – which, though prompted by labor market weakness in the U.S., may represent a tailwind for allocation animal spirits and credit creation over the coming quarters.
Read Macro Pulse Report: Dog Days, Data Shifts
Private Markets: Navigating a Global Market Reset
From diverging interest rate cycles to policy uncertainty, the first half of 2025 shifted private markets. Lauren Goodwin and Sarah Hirsch share their outlook across private markets asset classes and highlight where investors may find resilience and long-term value.
Private Markets Outlook – Navigating a Global Market Reset
Private markets are entering a new phase of recalibration and opportunity. Sarah Hirsch outlines the four themes driving these changes: easing global rates, policy shifts, democratization of private markets, and long-term megatrends, like electrification and digitization.
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:
Capitalize on the shifting (and growing) global private markets landscape
Key investor questions:
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.
Podcast: Checking in on the U.S. Private Markets with Apogem and Bow River
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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