2026 has kicked off with investors on the lookout for opportunities in a broadening market. While tech remains an important part of countless investor portfolios, it’s not the only category offering opportunities.
Global conflict has erupted in 2026, from South America to the Middle East. With energy at the center of the picture, markets face potentially serious volatility.
Data center developers plan to reduce their reliance on utility grids by investing in onsite power for rapidly scaling facilities. The shift creates opportunities for electrification infrastructure providers as energy independence takes on new urgency.
We have repeatedly highlighted the delicate balance that the U.S. economy and markets remain suspended in as the Federal Reserve treads a thin line between a softening labor market and stubborn inflation that continues to hover above its 2 percent target.
Markets hate uncertainty, and right now there’s plenty to go around. The outbreak of the U.S.-Iran conflict, following by Iranian retaliation against oil infrastructure across the Persian Gulf, has sent crude prices surging and shipping rates soaring to record levels.
Energy markets drove this week’s market volatility, with the conflict in Iran triggering a sharp rise in oil and natural gas prices. Through Thursday’s close, West Texas Intermediate crude oil was up roughly 17% from last Friday, pushing prices close to $80 per barrel.
About a month ago the financial markets were surprised by a January jobs report that was stronger than expected. The consensus was for a gain of 68,000 private-sector jobs, but the actual came in at a much higher 172,000.
Markets face a complicated mix of signals. The payroll report came in dramatically weaker than expected, several standard deviations below forecasts, and prior months were revised downward. Taken together, the last two months essentially show zero payroll growth.
Doug Drabik discusses fixed income market conditions and offers insight for bond investors.
With its airspace closed and many flights grounded, gold stuck in Dubai is being sold at a discount.
The opening months of 2026 have been hectic. A partial inventory of major developments during the year to date would include the removal of Venezuela’s leader; a government investigation into the Chairman of the Federal Reserve; tension with Europe over Greenland; and a broad swath of U.S. tariffs stricken down by the Supreme Court. It’s been a lot to digest.
Today’s letter will look at something even more important: recent developments in artificial intelligence. The models are advancing at an accelerating pace, with major new capabilities revealed just in the last 2-3 months.
The S&P 500 closed at 6,740 on Friday, its lowest level since mid-December, as technical deterioration, collapsing payrolls, and $100 oil converged on the charts. Every major moving average has broken. Here’s what comes next.
One of the most common questions investors ask is simple: “How’s the market?” After more than 50 years in the investment industry, this is a question that comes up constantly. But the truth is, the question itself is somewhat misleading.
Concerns about private credit have intensified in recent months. Investors are grappling with questions about weakening credit quality, stale valuations, looser underwriting, redemption risk in certain types of funds, and the impact of AI‑driven disruption.
The Debt Black Hole keeps getting bigger. Household debt grew modestly in the fourth quarter of 2025, ending the year at another record high.
While senior military officials on both sides have signaled that the campaign may intensify in the near term, keeping headline risks elevated, we outline below why we believe the conflict is likely to be short-lived, and what that could mean for the economy, the Federal Reserve and financial markets in the weeks ahead.
Software stocks have suffered a rude awakening amid fears that artificial intelligence (AI) will upend the industry. While the outlook is highly uncertain, the indiscriminate market response may be conflating structurally exposed software businesses with more durable companies.
February ended with a sharp escalation in conflict involving Iran, putting geopolitical risk back on investors’ radar and unsettling energy and emerging markets. But for most of the month, performance was driven largely by continued rotation tied to AI disruption and shifting earnings expectations.
Thematic exchange traded fund assets in the U.S. have surged from $22 billion in 2015 to over $193 billion today, but not all thematic funds deliver on their promises, according to a new FactSet analysis.
As investors navigate an increasingly complex market, the demand for sophisticated, outcome-oriented ETF strategies has reached a significant inflection point. Goldman Sachs Asset Management is seeing strong success in this space, evolving its suite of derivative-based ETFs to meet the diverse needs of modern portfolios.
Improving after tax returns is rarely as simple as boosting pretax returns or reducing tax expenses. It’s actually quite a bit more involved than that. As we see it, maximizing after-tax performance requires an “all of the above” approach, applying a range of techniques in a holistic way.
This week I sat down with Eric Fine, who manages emerging market bond portfolios at VanEck. I had a tidy interview all mapped out… and then escalating events in the Middle East reshuffled the deck. That’s okay because it ultimately led us somewhere more interesting than where I’d intended to go.
Managed futures strategies, also known as Commodity Trading Advisors (CTAs) or trend-followers, are designed for environments where macro shifts drive persistent price trends across equity, bond, commodity, and currency markets. As geopolitical risk has spiked due to the conflict with Iran, the current backdrop will present a unique test for investment strategies.
With one month left in the quarter, M&A is running a little light compared to the record-breaking close of 2025. According to Wall Street Horizon’s coverage universe of 11,000 global equities, there have been 59 M&A announcements and 78 closes as of March 2.
As the market continues to move deeper into the first quarter of 2026, the fixed income landscape calls for more stability.
In a recent episode of the Money Metals Midweek Memo, host Mike Maharrey discussed volatility in the gold and silver markets amid escalating geopolitical tensions and broader financial market turmoil. Maharrey opened by criticizing mainstream financial media coverage of a recent selloff that occurred as markets reacted to a conflict involving Iran.
Amid perceived artificial intelligence (AI) threats, cybersecurity stocks are enduring quite a rough patch. However, there are alternative viewpoints.
Artificial intelligence has become one of the defining investment themes of this cycle. Yes, we may be hearing about the AI pullback as a valuation reset. However, that doesn’t change the underlying scale of adoption for this theme. And that’s evident even “under the hood” of ETFs.
Three years after the launch of ChatGPT 3.5, positioning around artificial intelligence-related companies has become a (perhaps “the”) critical decision for equity investors. AI investment spending by companies far exceeds current revenue generation from end-market use cases, leaving highly leveraged players facing existential risks.
February data shows investors abandoning growth strategies for cyclical sectors as value funds attract $15 billion in new assets.
The war in Iran and the risk that it could lead to a wider regional conflict have roiled global financial markets. Oil and European gas prices have spiked while equity markets have seen sharp declines.
For over a decade, the narrative surrounding emerging market (EM) debt has been dominated by a single, overpowering force: the United States Dollar. As the greenback surged from the mid-2010s through the early 2020s, investors seeking yield in emerging markets largely sought shelter in "hard currency" debt—bonds issued by emerging nations but denominated in U.S. dollars.
Tax reform in 2017 reduced the statutory tax rate for corporations from 35% to 21%. As a result, lawmakers had to address taxes paid by noncorporate business owners who are considered “pass-through” entities for purposes of income taxation.
Relying on the kindness of strangers has never been a good business or investment strategy, but it doesn’t mean that people don’t wish that it worked. The main issue with this hope is that it’s foolish to believe that other people’s grace and money will always be there.
After years of trailing their large-cap peers, small-cap stocks have tested the patience of even seasoned investors. But we believe a dramatic improvement in earnings growth driven by lasting change in the US economy is creating sustainable recovery potential for small companies of all types.
Notwithstanding developments in the Iran conflict, there are important leadership shifts still at play within the equity market, which emphasize the importance of diversification.
Markets are responding primarily to uncertainty, with oil prices rising and equities volatile. The economic impact will depend largely on energy supply disruption, particularly whether oil prices remain contained or move sharply higher.
February saw more than 50 new ETF launches according to ETF Database data, with some standout offerings to note.
It’s been a busy start to the year for investors, as shifting geopolitical risks and rising economic uncertainty led to choppy returns for stocks. Concerns about AI spending and profitability hit technology stocks especially hard. However, other sectors like financials and consumer discretionary have also seen losses to start the year.
Recessions are a regular part of the economic cycle, which means planning ahead is essential. You can't control the economy, but you can take steps to help protect your savings, manage debt, and keep your goals on track. Here are some smart ways to prepare when the economy shifts.
January is a time to revisit financial plans, make changes, and ensure objectives are being met. This review isn’t about exposing bad financial plans, but instead finding what is outdated and revising.
Investing in financial markets is not for the timid. In a very recent Bond Market Commentary, the Head of Fixed Income Solutions, Nick Goetze, discussed “Preparing for the Storm.”
As markets rotate to favor small caps and international equities, rising risks are likely to make investment discipline even more important for seizing opportunities, write Chris Galipeau and Lukasz Kalwak of Franklin Templeton Institute.
Energy is among the smallest sectors in the S&P 500, representing only about 3.5% of the benchmark’s sector allocations, and yet, it’s energy that’s capturing investor attention this year. A big part of the story centers on oil and natural gas, now in sharp focus due to an ongoing conflict in the Middle East.
Gold is going to become increasingly important as the deglobalization and de-dollarization trend that took off last year continues to gain steam, according to a recent report.
As industry experts convened at SFVegas 2026, the world’s largest structured-finance conference, insurers showed up in large numbers, underscoring growing exposure to securitized assets and private credit in portfolios. We also attended the event and returned with a few key takeaways.
The AI narrative often centers on the limitless potential of software. However, the real-world trajectory of the technology is increasingly dictated by rigid physical limitations: copper wiring and data center temperature control.
March came in like a lion. Stock market futures plunged last Sunday night following U.S. and Israeli attacks on Iran. WTI and Brent crude oil had surged 7% by the following morning, along with big gains in gold.
A guide to helping HNW investors align tax efficiency with philanthropy, retirement strategy, and multi-generational wealth transfer planning.
