422 structured institutional reports.
Schroders' July 2026 commentary analyzes the AI-driven semiconductor selloff, attributing it to stretched positioning, rising bond yields, and AI profitability concerns. The fund turned cautious early, then bought the dip, increasing equity, credit, and…
SMBC anticipates modest July inflation and retail sales prints, expects the Treasury to maintain bill issuance and higher Q4 net supply, and highlights elevated implied volatility and term premium due to Fed communication uncertainty. They propose an auction…
Invesco's SteelPath team discusses the midstream energy sector, emphasizing its decoupling from crude oil prices, the growth driven by LNG exports and data center power demand, the resilience in inflationary environments via CPI/PPI-linked fees, and the…
Schroders' July commentary argues that bond markets have stopped trusting central bank guidance, with the Fed's hold despite hawkish dissent being read as jawboning rather than action, while the RBA's soft inflation data suggests its tightening cycle is…
Schroders' July commentary highlights the re-closure of the Strait of Hormuz and its impact on oil prices, creating a stagflationary trade-off for central banks. They maintain modest front-end duration (1-2 years), favoring Australia, Europe, and UK short-end…
UBS CIO notes that rising oil prices and inflation concerns are pushing Treasury yields higher, but maintains a base case that the Fed will hold rates this year. The firm favors quality short- and medium-maturity bonds, viewing market pricing for rate hikes…
KKR's July 2026 payroll analysis suggests a market-friendly report that reduces urgency for a September Fed hike. Despite weak jobs data, the firm sees the economy on firmer footing than indicated, driven by productivity, capex, and strong earnings. KKR…
Schroders' July commentary highlights a strong 'hunt for yield' in Australian credit, led by compression in Kangaroo AT1 and non-financial corporate subordinated bonds due to sparse supply. Despite mixed geopolitical and macro headlines, the market remained…
Alberta has added the most jobs in Canada this year, but the province’s traditional growth driver—the energy sector—has not been behind the increase. Instead, job gains have been concentrated in health care and social assistance, along with public…
SMBC Nikko's report 'AI capex' assesses the macro impact of hyperscaler AI infrastructure spending. Although hyperscaler capex is projected to exceed $770bn in 2026 and $1.3trn in 2027, the GDP effect is dampened by high import intensity. Nevertheless, the…
PIMCO's Income Fund is adopting a defensive posture, emphasizing high-quality, liquid assets and global diversification amid geopolitical conflict, private credit stress, and AI-driven market shifts. The fund sees attractive yields near 20-year highs and…
OCBC Research's Daily Treasury Outlook for August 6, 2026, notes a mixed US macro picture with stronger ISM services but weak ADP jobs, while gold surged to record highs near $4,247 on lower real yields. Equities diverged with Dow rising and Nasdaq falling.…
AQR's special issue on concentrated wealth explores how investors should balance the benefits of ownership (control, legacy) against the risks of concentration (volatility, lack of diversification). It highlights that selling concentrated positions involves…
AQR highlights the growth and increased attention on tax-aware long/short investing, viewing it positively for the industry and investors. The firm emphasizes the importance of transparency, education, and evidence-based discussion to differentiate strategies…
UBS CIO maintains a constructive medium-term outlook for gold, expecting prices to rise to USD 5,000/oz by H1 2027, supported by lower real rates, a softer dollar, and central bank buying, while acknowledging near-term volatility and recommending strategic…
In July, global equities were flat to slightly higher as markets rotated from high-growth AI/tech names into value sectors like energy and financials. Commodities surged on Middle East tensions, with Brent oil briefly above $100. Bond yields rose on inflation…
Wellington Management maintains a moderately constructive but selective risk posture for insurers, favoring securitized credit (especially senior CLOs), selective investment-grade corporates, agency MBS, and high-quality taxable municipals. They are neutral…
J.P. Morgan warns that AI-driven demand for DRAM memory is causing a severe supply shortage, with prices projected to rise over 400% by end-2026, fueling 'chipflation' that feeds into core CPI and PCE inflation. The crunch also strains cybersecurity hardware…
US equities rallied to record highs on strong earnings and hopes of a Strait of Hormuz reopening, while oil prices fell over 5%. Treasury yields declined, and futures price in about 15bps of Fed tightening by September. CoreWeave expands into Indonesia;…
PIMCO's analysis suggests that underlying U.S. inflation is running around 2.2%-2.8% through June 2026, well below the 3.3% core PCE rate, which appears to be an outlier on the high side. The firm maintains a base case that core inflation will cool over time…