AI equities face a turning point as leadership narrows to hyperscalers and chipmakers with strong earnings, while rich valuations and uneven fundamentals reveal gaps between pricing and performance.
Markets have priced out a lasting easing cycle after the Fed’s hawkish cut, keeping policy near neutral as sticky inflation, high real yields and AI-led capex shape a carry-driven credit outlook.
With U.S. data dark during the shutdown, markets brace for a Fed cut as monetary easing collides with fiscal stimulus, reshaping yield curves and expectations for the policy path ahead.
Discover why gold has outperformed traditional assets in 2025. Macro Trends unpacks the forces behind its surge and shifting global investment dynamics.
This edition of Macro Trends explores the outlook for the Mexican Peso and Brazilian Real against the backdrop of a weakening US dollar, Fed easing, and shifting local dynamics.
In this edition of Macro Trends: France faces rising political and economic risks as government instability, deficits and weak growth push bond yields higher and weigh on equities.
