CIO View

No sign of a credit crunch

Covid-19 did not put an end to the sectoral imbalances in equities. Late-cycle favorites remain popular. Clearly, this is no regular upswing. Can it last?

Investment Traffic Lights

Government rescue packages and a gradual end to the lockdown spurred the markets on in May at a pace that probably cannot be continued.

Expensive stocks become more expensive as cheap ones stay cheap

Covid-19 did not put an end to the sectoral imbalances in equities. Late-cycle favorites remain popular. Clearly, this is no regular upswing. Can it last?

A growing opportunity set

Covid-19 looks set to further accentuate secular private-equity trends towards add-on activity and sponsor-to-sponsor exits.

U.S. Economic Outlook

Layers of uncertainty

Losing streak

The damage from recent trade conflicts between the United States and China may prove hard to reverse, harming U.S. consumers and businesses alike.

Americas CIO View

Ready or not, normal here we come: But hard to find for many

CIO Commodity Commentary

Post the oil-price inflection

Bad times for people with lower-paying jobs

U.S. labor statistics look bad at first, and pretty sad at second sight. Even an apparently positive detail proves to have a negative narrative.

Economic Overview

Equities Overview

Fixed Income Overview

Multi Asset Overview

Alternatives Overview

ESG CIO View