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Equities

Private Equity at an Inflection Point: Goldman Sachs

After a sluggish year for dealmaking in 2023, the private equity industry is poised for a turnaround, according to a recent report from Goldman Sachs. Key factors driving this expected resurgence include stabilizing interest rates, strong company balance sheets, and a substantial pool of "dry powder" - capital
Private Equity at an Inflection Point: Goldman Sachs

Private Equity Exits Remain Muted Despite Market Highs, Prompting Focus on Secondary Deals

Despite public equity markets reaching record highs and improving economic outlooks, private equity (PE) exit activity remains surprisingly subdued, prompting investors to turn towards the secondary market for liquidity. A recent report from JPMorgan highlights this trend, raising questions about the future of PE exits. "Muted exit activity has

Market Pessimism Premature and Overdone: UBS

Despite recent market turbulence triggered by geopolitical tensions and rising bond yields, UBS believes the resulting investor pessimism is "premature and overdone," according to a research note published by its CIO office on Monday. The Swiss bank remains optimistic about a market rebound, citing strong US earnings growth

Japanese Economic Indicators Signal Positive Trend for Stocks, Says Sumitomo Mitsui

A report published by Sumitomo Mitsui on Tuesday affirms a bullish outlook for the Japanese economy and its stock market, emphasizing the confluence of positive economic indicators and supportive policy initiatives. The asset management firm suggests that these factors are creating a fertile ground for sustained growth and present attractive

2024 Equity Outlook

Author: Bruce Liegel Stock markets had a furious rally into year-end after the Federal Reserve finally capitulated and announced the “end” of rate hikes. Based on the long-term trend in interest rates, this may be the end of the first tightening cycle, but just the beginning of a longer secular

An In-Depth Look at The German Dax Index

Author: Bruce Liegel The German Dax made new all-time highs last week, and as Chart 1 shows it has been on a tear over the last few weeks as the market is now aggressively pricing in a dovish interest-rate policy change by global central banks. The so-called “pivot” is now

Equities Rally While US bond Rates Fall

Author: Bruce Liegel A very sharp move in markets last week, much greater than what we thought could occur when we penned our article last weekend. A number of large institutional investors were calling for market reversals last week just prior to the Federal Reserve meeting. As is usually the

A Look at S&P 500, Nasdaq and Nikkei

Author: Bruce Liegel On May 31 this year, the weekly update warned about an imminent correction in the global equity markets. The call was a little early for both the S&P 500 and Nasdaq, but the rest of the global markets (except Japan) outlined in that report have

The Carry in the Conundrum

Author: Bruce Liegel Preamble This is the first of what I hope will be a long-term monthly publication of my thoughts on investing in markets. My hope is that I can show you how institutional investors look at markets and how they invest. I have had a front-seat view as
The Carry in the Conundrum