Michael takes a close look at the question of rising committed and unspent capital in private equity, and implications for investors.
The S&P 500 could hit 10,000 by the mid-2030s
Long-term Capital Market Assumptions 2017 Theme-Credit cycles
Markets, economy, stocks, growth, global, fixed income, international, asset classes
What investors should consider
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
Equity markets experienced welcome respite in January, after a torrid end to 2018.
Michael discusses how he should have taken Trump at his word on tariffs, and the impact of the widening trade war on global growth and equity markets as proposed tariffs approach pre-war levels.
A brief note on the latest price action in equity markets, how business cycles end, and how markets are being left to fend for themselves without central bank intervention for the first time in 20 years.