Market and Economic Insights

Our timely perspectives on macro events and market trends shaping the global financial markets.

Our Latest Insights

Paving the Way for Non-U.S. Equity Outperformance

Non-U.S. equities are likely beneficiaries of falling interest rates in the U.S. and the dollar weakening rather than strengthening. Ken McAtamney, head of the global equities team, explains why these could potentially pave the way for a good year for global equities. This article is featured on William Blair Investment Management's Active Never Rests blog.

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Will the Fed End Its QT in 2024?

Richard de Chazal examines another important aspect of the Fed—its balance sheet—and outlines what has motivated the discussion on ending its quantitative tightening (QT) so soon.

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Economic Outlook 2024: Testing Resiliency

While investors will hope for the best in 2024, macro analyst Richard de Chazal examines the resiliency of the markets against a crowded backdrop of Fed policy uncertainty, inflation, bond market and economic dynamics, and other factors each of which will test the limits of the market’s endurance.

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Did November’s Rally Alter the Market Outlook?

What a difference a month makes. Markets swooned in October, only to see virtually all risk assets, including small-caps, rally in November. What changed? Macro analyst Richard de Chazal breaks down the Fed’s recent statement, the market’s rate expectations, and the current state of the economic slowdown.

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Flirting With and Dating Recessions

Timing an economic recession is never easy, as proved this past year. In this report, we take a snapshot of where the main indicators are today, and what some of the more forward-looking data suggest.

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Where Are We in the Small-Cap Cycle?

Macro analyst Richard de Chazal details several reasons that suggest many of the fears about smaller-cap stocks—which historically track to the U.S. economy—have already been priced in.

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