- Alternative Assets
- Global Macroeconomics
- Markets
- Miscellaneous
- Portfolio Management
- Quarterly Global Valuations
- Wealth Management
Market Outlooks
Firm
Type
Fixed-Income
August 2026
MidYear Credit Outlook: Adoption, Financing, and Investing in the Age of AI
Apollo
Research
23 Pages
Apollo explores the shifting credit landscape as persistent inflation forces a structural repricing of risk assets.
Alternative Assets
July 2026
2026 Mid-Year Update: REITs Rebound, Poised for Future Gains and Growth
Nareit
Research
14 Pages
The authors argue that REITs entered mid-2026 with stronger performance, operations, and capital access despite elevated rates.
Market Outlooks
July 2026
The Short and Long: 2026 Q3 Macro Investment View
Citi
Research
27 Pages
Citi Wealth argues investors should stay constructive despite policy uncertainty by combining disciplined long-term investing with tactical portfolio adjustments.
Alternative Assets
July 2026
Global Critical Minerals Outlook 2026
International Energy Agency
Research
372 Pages
IEA examines how critical minerals have shifted from a supply adequacy story to an economic-security problem.
Capital Market Assumptions
July 2026
An Expanded Toolkit for the Next Investing Regime
KKR
Research
18 Pages
KKR argues investors need an expanded toolkit for a regime where beta, bonds, and multiple expansion are less reliable.
Market Outlooks
July 2026
Midyear Outlook
Carlyle
Research
12 Pages
Carlyle revisits five macro questions for 2026 across inflation, AI capex, Japan, credit leverage, and Europe.
Market Outlooks
July 2026
2026 Mid-Year Investment Perspectives
Blackstone
Research
25 Pages
Blackstone explains why AI infrastructure, resilient US growth, and private markets remain the defining investment themes of 2026.
Market Outlooks
July 2026
Equity Outlook: AI Enthusiasm Leaves Little Margin for Error
AllianceBernstein
Research
13 Pages
AllianceBernstein examines why enthusiasm surrounding AI has left equity markets priced for near-perfect execution.
Market Outlooks
July 2026
Global Mid-Year Outlook 2026
Lazard
Research
19 Pages
Lazard Asset Management examines how shifting fiscal policy, geopolitics, and AI are reshaping the global investment landscape.
Market Outlooks
July 2026
OECD‑FAO Agricultural Outlook 2026‑2035
OECD
Research
2 Pages
The OECD‑FAO Agricultural Outlook 2026‑2035 assesses ten-year prospects for agricultural commodities and aquatic food markets at global, regional and national levels.
Markets
July 2026
1H 2026 Market Structure & Flows
Citadel
Research
24 Pages
Citadel Securities examines the technical forces likely to shape markets into the second half of 2026, arguing that retail participation, quarter-end positioning, and seasonal trends are becoming as influential as macro fundamentals.
Energy
June 2026
World Oil Outlook 2050
OPEC
Research
3 Pages
OPEC examines how global oil demand could evolve through 2050, arguing that population growth and rising living standards will keep oil central to the energy mix for decades.
Markets
June 2026
Market GPS Investment Outlook Mid-Year 2026
Janus Henderson Investors
Research
12 Pages
Janus Henderson Investors examines why market leadership may be broadening beyond the Magnificent Seven as earnings growth expands across sectors and regions.
Markets
June 2026
2026 Global Outlook Q2 update
BlackRock
Research
28 Pages
BlackRock Investment Institute explores how AI is driving an economic transformation that extends well beyond the technology sector.
Market Outlooks
June 2026
Global Market Outlook: A Tale of Tailwinds and Thicker Tails
PGIM
Research
16 Pages
PGIM explores how AI investment, geopolitics, inflation, and shifting rate dynamics are reshaping the global investment landscape.
Fixed-Income
June 2026
H2 2026 Credit Outlook: The AI Buildout – Boom or Bubble?
Man Group
Research
16 Pages
Man Group examines how the AI infrastructure buildout is reshaping credit markets, with a focus on whether today’s surge in financing resembles a durable opportunity or a familiar bubble.
Markets
June 2026
2026 Mid-Year Investment Outlook
J.P. Morgan Asset Management
Research
12 Pages
J.P. Morgan explores how artificial intelligence, global fragmentation, and persistent inflation pressures are reshaping the investment landscape.
Market Outlooks
June 2026
Stock Market Outlook: 3 Themes For the Second Half of 2026
Capital Group
Article
1 Pages
Capital Group examines the forces driving equities into the second half of 2026, arguing that earnings growth remains the market’s primary support.
Market Outlooks
June 2026
Rupture and Resilience
PIMCO
Research
12 Pages
PIMCO examines how geopolitical fragmentation, fiscal pressures, and AI driven investment could reshape markets over the next five years.
Global Macroeconomics
June 2026
The Divergence Conundrum
KKR
Research
89 Pages
KKR examines a global economy splitting between capital rich growth engines and capital starved sectors.
Market Outlooks
June 2026
Global Equity Mid Year Outlook 2026
Charles Schwab
Research
13 Pages
Charles Schwab International says global equities remain supported by stronger earnings and AI driven capital spending, but the rally is increasingly dependent on narrow leadership.
Market Outlooks
June 2026
2026 Mid-Year Outlook: U.S. Stocks and Economy
Charles Schwab
Research
22 Pages
Schwab Asset Management says the 2026 market backdrop looks unstable rather than merely uncertain.
Market Outlooks
June 2026
2026 Mid Year Outlook: Taxable Fixed Income
Charles Schwab
Research
16 Pages
Schwab Asset Management says bond investors should still care about income, but avoid reaching too far out on duration.
Market Outlooks
June 2026
The Ripple Effect
Man Group
Research
20 Pages
Man Group examines how war in the Middle East, rising government intervention, growing wealth inequality, and AI investment are reshaping the global economy.
Market Outlooks
June 2026
OECD Economic Outlook
OECD
Research
300 Pages
OECD frames the global outlook around Middle East conflict risks, energy disruption, inflation pressure and policy constraints.
Market Outlooks
May 2026
Agentic AI and the Future of Enterprise Software
Vista Equity Partners
Research
16 Pages
Vista Equity Partners examines how agentic AI could shift enterprise software from systems that help employees into systems that perform work.
Market Outlooks
April 2026
2026 credit market outlook: This side of paradise
Carlyle
Research
10 Pages
Carlyle argues that Q1’s funding liquidity shock may signal a turn in the credit cycle, not a crisis. BDC discounts, software loan stress, and weaker fund flows could shift bargaining power back toward creditors.
Market Outlooks
April 2026
Global Market Perspectives: Hope for the best, ready for the worst
Principal Asset Management
Research
24 Pages
Principal Asset Management maps a 2026 outlook shaped by energy shock, slower growth, and delayed central bank easing.
Energy
April 2026
Energy demand and supply and the Strait of Hormuz
Apollo
Research
58 Pages
Apollo Global Management examines how a Strait of Hormuz disruption could ripple through oil, gas, shipping, and inflation.
Market Outlooks
April 2026
Outlook for public and private markets
Apollo
Research
48 Pages
Apollo’s latest outlook for public and private markets.
Market Outlooks
March 2026
Layered Uncertainty: Conflict, Credit Stress, and AI
PIMCO
Research
11 Pages
PIMCO’s latest Cyclical Outlook explores why dispersion is rising and how investors may build resilience through quality, liquidity, and diversification.
Alternative Assets
March 2026
The Red Thread: Alternative alpha
UBS
Research
14 Pages
UBS argues alternatives are becoming central as 60/40 portfolios struggle in a supply driven world.
Capital Market Assumptions
March 2026
Capital Market Assumptions: An Expanded Toolkit for the Next Investing Regime
KKR
Research
12 Pages
KKR published their assumptions for expected returns, yields, and volatility, correlations, and manager dispersion across both public and private markets.
Fixed-Income
February 2026
CTRL + ALT + CREDIT: Q4 2025 Market Review & 2026 Outlook
KKR
Research
22 Pages
While we are in a more mature stage of the cycle with public equity valuations broadly feeling rich and anticipated credit losses continuing to normalize, KKR believes this environment calls for selectivity rather than retreat.
Market Outlooks
February 2026
2026 U.S. Real Estate Market Outlook
CBRE
Research
38 Pages
CBRE forecasts commercial real estate investment activity to increase by 16% in 2026 to $562 billion, nearly matching the pre-pandemic (2019) annual average.
Alternative Assets
January 2026
Alternative Investments: Outlook 2026
J.P. Morgan Asset Management
Research
76 Pages
J.P. Morgan Asset Management frames 2026 as a period where public and private markets increasingly overlap, reshaping how investors think about access, liquidity, and portfolio construction.
Market Outlooks
January 2026
The Short and Long 2026 Q1 Macro Investment View
Citi
Research
36 Pages
Kate Moore presents a discipline first playbook for early 2026, emphasizing process over prediction and dynamic portfolios over year end targets.
Currency
January 2026
2026 Global FX Outlook: Different Dollar Downside
Goldman Sachs
Research
46 Pages
Goldman Sachs outlines why the US dollar may drift lower in 2026 as global growth and returns become more balanced.
Market Outlooks
January 2026
Five Questions for 2026
Carlyle
Research
20 Pages
The Carlyle Group’s Cyclical Outlook lays out a 2026 framework built around questions rather than point forecasts, aiming to keep investors flexible as narratives shift.
Market Outlooks
January 2026
Compounding Opportunity
PIMCO
Research
11 Pages
PIMCO suggests 2026 is less about chasing risk assets and more about rebuilding portfolios around higher quality fixed income and true global diversification.
Market Outlooks
January 2026
US Resilience Resilient
Goldman Sachs
Research
144 Pages
Goldman Sachs’ Wealth Management Investment Strategy Group (ISG) outlines why their views of US Preeminence and Staying Invested remain intact.
Market Outlooks
January 2026
2026 Credit Outlook: From Scarcity to Selection—The Return of a Buyer’s Market
Apollo
Research
20 Pages
While economic growth in the US remains sufficient to support most corporate and consumer fundamentals, the balance of power in credit is changing.
Market Outlooks
January 2026
Alternatives 2026 Outlook
Wilshire
Research
22 Pages
Wilshire’s outlook focuses on four global megatrends will have an outsized impact on the alternatives investment landscape: artificial intelligence, geopolitics, macroeconomic uncertainty, and energy transition.
Market Outlooks
January 2026
2026 Q1 Outlook
Citadel
Research
24 Pages
Scott Rubner argues early 2026 market behavior will hinge on retail flows, rotation, profits, policy, and positioning.
Market Outlooks
January 2026
Smothering Heights
J.P. Morgan Asset Management
Research
53 Pages
Michael Cembalest’s outlook focuses on four medium term risks: US power generation constraints, China scaling the moat on its own, Taiwan and a “metaverse moment” for hyperscaler profits after $1.3 trillion of capex and R&D.
Market Outlooks
January 2026
UK Outlook 2026—Catching Down
Goldman Sachs
Research
11 Pages
Goldman Sachs explains why the UK may muddle through 2026 with steady growth even as unemployment drifts higher.
Market Outlooks
January 2026
2026 Japan Economic Outlook: Steady Fundamentals, Policy Risks Ahead
Goldman Sachs
Research
26 Pages
Goldman Sachs lays out why Japan can keep growing in 2026, powered more by households and capex than exports.
Market Outlooks
January 2026
Asia Views: 2026 Outlook – Coping with the China Shock
Goldman Sachs
Research
14 Pages
Goldman Sachs explains why Asia’s 2026 outlook hinges on whether domestic demand can pick up as China’s export machine stays strong.
Market Outlooks
January 2026
Equity Outlook 2026: Mapping a New Spectrum of Return Drivers
AllianceBernstein
Research
14 Pages
Are the tides turning against the S&P 500, which has outperformed non-US markets in 11 of the last 15 years?
Market Outlooks
December 2025
2026 Outlook: Ride the Power Race and Supply Waves
Goldman Sachs
Research
18 Pages
The US-China AI and geopolitical power race and global energy supply waves drive Goldman Sachs’ analysts' key convictions.
Market Outlooks
December 2025
10 Crypto Predictions for 2026
Bitwise
Research
28 Pages
Bitwise shares 10 predictions for 2026.
Market Outlooks
December 2025
2026 REIT Outlook Optimizing Returns Through a Global Lens
Nareit
Research
11 Pages
Nareit outlines how global REITs can help investors optimize returns by moving beyond domestic home bias into diversified listed real estate markets.
Market Outlooks
December 2025
2025 Global IPO market key highlights and 2026 outlook
EY
Research
25 Pages
EY analyzes how the 2025 IPO market stabilized after years of disruption and what that means for 2026. They highlight 1,293 IPOs raising about 172 billion dollars globally as proceeds recovered while deal volumes stayed roughly flat.
Market Outlooks
December 2025
2026 Outlook: Tech Tonic — a broadening bull market
Goldman Sachs
Research
19 Pages
Goldman Sachs Global Investment Research presents an equity outlook for 2026 that keeps the bull market intact while tempering expectations.
Market Outlooks
December 2025
Markets Outlook 2026: Some Like It Hot
Goldman Sachs
Research
16 Pages
Goldman Sachs Global Investment Research sets out a 2026 markets outlook where sturdy global growth, falling inflation and measured rate cuts extend the cycle.
Market Outlooks
December 2025
Macro Outlook 2026: Sturdy Growth, Stagnant Jobs, Stable Prices
Goldman Sachs
Research
24 Pages
Goldman Sachs sets out a 2026 macro outlook featuring stronger than consensus global growth with subdued job creation and moderating inflation.
Market Outlooks
December 2025
2026 Crypto Market Outlook
Coinbase
Research
70 Pages
Coinbase Institutional outlines how crypto is maturing into a core part of global market infrastructure in its 2026 outlook.
Market Outlooks
December 2025
Outlook 2026 Edition: Long-term perspective on markets and economies
Capital Group
Research
20 Pages
Capital Group sets out a 2026 outlook built around resilience, policy support and a gradual shift toward a more balanced market landscape.
Market Outlooks
December 2025
East Capital Outlook 2026: Why invest in emerging and frontier markets in 2026?
East Capital
Research
7 Pages
East Capital explains why emerging and frontier markets look attractive heading into 2026.
Market Outlooks
December 2025
Global M&A Outlook: Think Big, Build Bigger
Goldman Sachs
Research
18 Pages
Goldman Sachs says the 2026 global M&A landscape will be defined by strategic repositioning and building for scale.
Market Outlooks
December 2025
2026 Outlook: The Year Ahead in 14 Sparks
Apollo
Research
23 Pages
Torsten Slok believes high inflation, higher-for-longer interest rates and uneven growth create a complex backdrop, akin to the 1970s.
Market Outlooks
December 2025
High Grading Outlook for 2026
KKR
Research
87 Pages
KKR emphasizes that 2026 is time to own less beta bets than in the past and favor more alpha in the form of portfolio resiliency, including the ability to make one’s own luck through structuring, governance, and active ownership.
Market Outlooks
December 2025
2026 Housing Market Outlook
Compass Intelligence
Research
67 Pages
Mike Simonsen believes 2026 will be a step towards ‘normal’ for the housing market.
Market Outlooks
December 2025
2026 Investment Outlook
Brookfield
Research
34 Pages
Brookfield’s outlook states that the long-term opportunities for private capital lie in the megatrends they call the Three Ds: digitalization, deglobalization and decarbonization.
Market Outlooks
December 2025
2026: Boring is Beautiful
Richard Bernstein Advisors
Research
12 Pages
RBA believes 2025 may be remembered as one of the most speculative market environments in years, with liquidity driving areas far beyond fundamentals.
Market Outlooks
December 2025
2026 Outlook: International Stocks and Economy
Charles Schwab
Research
16 Pages
Michelle Gibley says international stocks could be poised for another strong year in 2026 due to accelerating global growth, attractive valuations and the potential for dollar weakness.
Market Outlooks
December 2025
2026 Outlook: U.S. Stocks and Economy
Charles Schwab
Research
26 Pages
Liz Ann Sonders believes the macro environment will continue to be unstable given policy crosscurrents and a wobbly labor market, but stocks can likely churn higher given a firmer earnings backdrop.
Market Outlooks
December 2025
Investment Outlook 2026: Fuel in the engine
J.P. Morgan Asset Management
Research
27 Pages
J.P. Morgan shares four calls to action for investors: 1. navigate tech concentration carefully, 2. diversify selectively across global equities, 3. don’t be fearful of private markets, and 4. protect against derailment.
Market Outlooks
December 2025
2026 Outlook: Finding Value Amid the Hype
Cambridge Associates
Research
38 Pages
Cambridge Associates explores where genuine value still exists in a market narrative dominated by artificial intelligence enthusiasm and tariff driven macro uncertainty.
Market Outlooks
December 2025
Hedge Fund Outlook 2026
With Intelligence
Research
14 Pages
With Intelligence reviews how hedge funds enter 2026 after a period of renewed inflows and strategy evolution.
Market Outlooks
December 2025
AI exuberance: Economic upside, stock market downside
Vanguard
Research
28 Pages
Vanguard’s capital markets projections show that the strongest risk-return profiles across public investments over the coming five to 10 years.
Market Outlooks
December 2025
2026 US Private Equity Outlook
PitchBook
Research
18 Pages
PitchBook analyzes how United States private equity enters 2026 with aging portfolios, more selective exits and growing manager concentration.
Market Outlooks
December 2025
2026 US Venture Capital Outlook
PitchBook
Research
21 Pages
PitchBook’s venture team maps a cautious but improving United States venture landscape for 2026.
Market Outlooks
December 2025
KPMG Economics: Here comes the sun: Bring the sunscreen Annual economic outlook
KPMG
Research
8 Pages
KPMG US sets out a 2026 United States outlook where growth stabilizes after a long stretch of shocks and policy drama.
Market Outlooks
December 2025
United States Outlook 2026
Cushman & Wakefield
Research
43 Pages
Cushman & Wakefield presents a 2026 United States outlook that links tariffs, immigration limits and AI driven investment to the macro path and commercial real estate.
Market Outlooks
December 2025
Divergent Paths
Man Group
Research
16 Pages
Man Group believes 2026 is likely to be an environment of high uncertainty, with significant geopolitical risks and economies weighed down by tariffs and other policies. This is likely to result in slowing global growth: with several key economies at risk of entering recession.
Market Outlooks
December 2025
Charting the Year Ahead: Investment Ideas for 2026
PIMCO
Research
7 Pages
PIMCO lays out investment ideas for 2026 across equities, fixed income, real assets and credit.
Market Outlooks
December 2025
Dancing in the dark: Markets move to the beat of uncertainty
Natixis
Research
20 Pages
Natixis’ highlights inflation, fiscal strain, and shifting policies set the stage for a late-cycle test — and a potential 2026 correction.
Market Outlooks
December 2025
2026 Credit Outlook: Divergence Meets Opportunity
Man Group
Research
27 Pages
Man Group’s credit outlook covers every angle of the credit markets, highlighting where both the real pressure points and opportunities are in the year ahead.
Market Outlooks
December 2025
2026 Private Markets Outlook A New Continuum
BlackRock
Research
27 Pages
BlackRock presents a 2026 private markets outlook built around a new continuum between public and private assets.
Market Outlooks
December 2025
2026 Outlook: Treasury Bonds and Fixed Income
Charles Schwab
Research
11 Pages
Charles Schwab’s expects 2026 to be another good year of returns for bond investors, but the range of potential outcomes is wide.
Market Outlooks
December 2025
2026 Global Market Outlook: Minds, machines, and market shifts
T. Rowe Price
Research
21 Pages
T. Rowe Price says 2026 will require investors to balance exposure to enduring AI leaders with emerging opportunities in cyclical and international markets, all while remaining vigilant to persistent macro risks.
Market Outlooks
December 2025
The Shifting Investment Landscape
BNP Paribas Asset Management
Research
42 Pages
The authors outline how the shifting investment landscape in 2026 is shaped by resilient growth, changing policy and structural forces.
Market Outlooks
December 2025
Think Future 2026: Your guide to the global investment landscape
HSBC Asset Management
Research
22 Pages
HSBC Private Bank and Premier Wealth presents Think Future 2026 as a guide to the global investment landscape. The outlook stays constructive on risk assets, arguing that artificial intelligence, resilient earnings and capital spending can extend the bull market.
Market Outlooks
December 2025
Redfin’s 2026 Predictions: Welcome to The Great Housing Reset
Redfin
Research
23 Pages
Redfin outlines a 2026 housing outlook built around what it calls the Great Housing Reset.
Market Outlooks
December 2025
World Energy Outlook 2025
International Energy Agency
Research
44 Pages
International Energy Agency outlines how the global energy system is shifting while energy security and climate goals collide.
Market Outlooks
December 2025
Realtor.com 2026 Housing Forecast
Realtor.com
Research
22 Pages
Realtor.com Economic Research outlines its 2026 housing forecast, describing a steadier market that is still far from booming.
Market Outlooks
December 2025
Global Insolvency Outlook 2026-27: Don’t look down!
Allianz
Research
32 Pages
Allianz Research analyzes the global insolvency outlook for 2026 and 2027 as tariffs, AI and credit conditions reshape risks.
Market Outlooks
December 2025
2026 Global Outlook: Pushing limits
BlackRock
Research
18 Pages
BlackRock says a challenge for investors in 2026 will be reconciling whether AI will generate revenues of the same order of magnitude as the huge capital spending plans.
Market Outlooks
December 2025
Global Economic Outlook Q1 2026: AI Tailwinds Boost Otherwise Weak Growth
S&P Global
Research
17 Pages
The S&P Global Ratings forecasts that global growth in 2026 will remain sluggish overall, but a surge in AI-related investment — especially in data centers, chips, and digital infrastructure — will provide a significant boost that helps offset weakness elsewhere.
Alternative Assets
December 2025
Gold Outlook 2026 : Push ahead or pull back
World Gold Council
Research
12 Pages
After Gold's remarkable 2025, achieving over 50 all-time highs and returning over 60%, the World Gold Council predicts 2026 be shaped by ongoing geoeconomic uncertainty.
Market Outlooks
December 2025
Global Market Perspectives Against all odds
Principal Asset Management
Research
23 Pages
Principal Asset Management reviews how global growth has held up surprisingly well despite trade shocks, tariff noise, and political uncertainty.
Market Outlooks
December 2025
Macro Pulse Outlook for 2026: charting the year ahead
New York Life Investments
Research
91 Pages
New York Life Investments’ 2026 outlook says a supportive global policy backdrop should keep financial conditions loose, encouraging both risk-taking and corporate investment – even as market tensions test investors’ conviction.
Market Outlooks
November 2025
Outlook 2026 Report: Promise and Pressure
J.P. Morgan Asset Management
Research
70 Pages
J.P. Morgan Private Bank frames its 2026 Outlook around three forces AI fragmentation and inflation reshaping the investment landscape.
Market Outlooks
November 2025
Seeking Catalysts Amid Complexity: Investment Outlook 2026
Goldman Sachs
Research
57 Pages
Goldman Sachs Asset Management maps out its Investment Outlook 2026, focusing on catalysts that may unlock returns amid global complexity.
Market Outlooks
November 2025
2026 Year Ahead Investment Outlook: AI Lift and Economic Drift
J.P. Morgan Asset Management
Research
16 Pages
J.P. Morgan Asset Management sets out its 2026 Year Ahead Investment Outlook around an AI Lift and Economic Drift theme.
Market Outlooks
November 2025
2026 Investment Outlook: The synchronized shift
Robeco
Research
27 Pages
Robeco’s 2026 Investment Outlook argues that global growth could enjoy a rare synchronized late cycle upswing next year.
Market Outlooks
November 2025
Year Ahead 2026: Escape velocity?
UBS
Research
68 Pages
UBS Chief Investment Office frames its 2026 Year Ahead outlook around whether the global economy can reach escape velocity.
Market Outlooks
November 2025
2026 Global Outlook Report
Morningstar
Research
42 Pages
From the rise of AI-driven capital spending to opportunities emerging in undervalued regions like South Africa and Asia, Morningstar’s outlook examines how today’s forces will influence long-term portfolio construction and asset allocation.
Markets
November 2025
Building Long-Term Returns: Our 10-Year Forecasts
Goldman Sachs
Research
31 Pages
Peter Oppenheimer projects global equities can deliver about 7.7% annual returns over the next decade, driven mainly by earnings growth and dividends.
Markets
November 2025
2026 Long-Term Capital Market Assumptions
J.P. Morgan Asset Management
Research
38 Pages
J.P. Morgan Asset Management’s 2026 Long-Term Capital Market Assumptions provides return and risk expectations for more than 200 assets and strategies in 20 base currencies.
Markets
October 2025
2026 Long-Term Capital Market Assumptions
J.P. Morgan Asset Management
Research
92 Pages
J.P. Morgan Asset Management lays out its 2026 Long-Term Capital Market Assumptions, framing a 10–15 year outlook shaped by economic nationalism, fiscal policy shifts, and accelerating AI adoption.
Alternative Assets
October 2025
Outlook for Private Markets
Apollo
Research
69 Pages
Apollo published an outlook for Japan and an outlook for private markets.
Market Outlooks
October 2025
Tariffs, Technology, and Transition
PIMCO
Research
12 Pages
PIMCO outlines a global economic and market outlook shaped by tariffs, rapid AI-driven capital investment, and political challenges to monetary institutions.
Global Macroeconomics
September 2025
Through the Looking Glass
Carlyle
Research
23 Pages
Carlyle examines how the global economy is entering a “post-normal” phase characterized by higher equilibrium interest rates, shifting capital flows, and uneven productivity gains from AI.
Fixed-Income
July 2025
Fixed Income Outlook
BlackRock
Research
16 Pages
BlackRock emphasizes that today’s fixed-income landscape offers a generational opportunity, with historically high yields—particularly at the front end of the curve—making income more attractive than duration amid macro uncertainty.
Market Outlooks
July 2025
Mid Year Outlook: Make Your Own Luck
KKR
Research
68 Pages
KKR frames the shifting 2025 market—marked by geopolitical shocks, sticky inflation, and a U.S. credit downgrade—as part of a broader "Regime Change."
Markets
June 2025
Bend, Not Break: Investing in Real Estate Amid Economic Uncertainty
PIMCO
Research
11 Pages
PIMCO offers a measured outlook for commercial real estate amid persistent macroeconomic uncertainty—sticky inflation, tight credit, and geopolitical tension—highlighting pockets of regional resilience like Europe, Japan, and Australia.
Markets
May 2025
Credit market outlook
Apollo
Research
188 Pages
Apollo’s 2025 outlook highlights the resilience of global credit markets following a strong 2024, with spreads at or near multi-year tights.
Markets
January 2025
Keep On Truckin’
Goldman Sachs
118 Pages
Goldman’s Investment Strategy Group analyzes the widening gap between the U.S. and the rest of the world across a number of economic and financial metrics, the implications of the divergent paths of global economies, and the outlook for global markets.
Markets
January 2025
Eye on the Market: 2025 Outlook
J.P. Morgan Asset Management
Research
49 Pages
J.P. Morgan’s 2025 outlook assesses the potential consequences of a Trump administration policy mix—referred to as “The Alchemists”—which combines deregulation, tax cuts, tariffs, and agency restructuring.
Markets
December 2024
2025 Long-Term Capital Market Assumptions
J.P. Morgan Asset Management
Research
76 Pages
J.P. Morgan shares why higher growth, higher rates and strong capital investment provide a healthier foundation for asset markets, including a 6.4% return for a USD global 60/40 stock-bond portfolio.
Markets
July 2024
The Lion in Winter
J.P. Morgan Asset Management
Research
14 Pages
Michael Cembalest covers every angle of small cap underperformance since 2010, noting that small cap stocks are at their cheapest levels in the 21st century.
Markets
July 2024
2024 EMW Conference
Coatue
Research
48 Pages
Coatue’s annual presentation explains how the macroeconomic landscape guides their view on both public and private markets. Notably, they are more bullish on GenAI than consensus and believe this is the start of a new supercycle.
Markets
June 2024
Opportunity Knocks Mid-Year Outlook for 2024
KKR
Research
71 Pages
KKR emphasizes the need for diversification given the increasing correlation between stocks and bonds, along with the importance of communicating that with partners.
Markets
June 2024
2024 Mid-Year Outlook: An Unstable Economic Equilibrium
Apollo
Research
28 Pages
Apollo’s mid-year update, authored by Chief Economist Torsten Sløk, evaluates macroeconomic conditions and market dynamics shaping the second half of 2024.
Market Outlooks
November 2023
Macro Outlook 2024: The Hard Part is Over
Goldman Sachs
Research
28 Pages
Goldman Sachs Global Investment Research sets out a relatively upbeat macro outlook for 2024, arguing that the difficult phase of disinflation is largely behind us.
Market Outlooks
September 2023
Our investment and economic outlook, August 2023
Vanguard
Research
6 Pages
Vanguard outlines its August 2023 investment and economic outlook, emphasizing slowing yet resilient growth and moderating inflation.
Markets
July 2023
Taking the Temperature
Oaktree
Article
1 Pages
Oaktree explains how successful market calls come less from forecasting economies and more from recognizing extremes in investor psychology.
Market Outlooks
July 2023
Guide to the Markets 3Q 2023
J.P. Morgan Asset Management
Research
71 Pages
J.P. Morgan Asset Management uses its Guide to the Markets U.S. to frame the current macro backdrop and market landscape.
Market Outlooks
February 2023
Top Three Investment Ideas to Consider for 2023
AQR
Research
AQR outlines three portfolio ideas suited to a higher dispersion, inflation sensitive backdrop.
Alternative Assets
January 2023
The State of U.S. Early-Stage Venture & Startups: 2022
AngelList
Research
29 Pages
AngelList and Silicon Valley Bank track early stage venture through a strong first half followed by a sharp cooldown and late year stabilization.
Market Outlooks
January 2023
The Bubble Has Not Popped
AQR
Research
2 Pages
AQR argues that despite the painful 2022 selloff, the late-cycle growth/tech bubble was only partially deflated.
Markets
December 2022
Guide to the Markets 1Q 2023
J.P. Morgan Asset Management
Research
71 Pages
J.P. Morgan Asset Management surveys equity, fixed income, inflation and macro trends to frame positioning for 2023.
Market Outlooks
December 2022
The Big Picture Global Asset Allocation 2023 Outlook
Invesco
Research
38 Pages
Invesco presents a 2023 global asset allocation outlook built around a transition from contraction toward recovery.
Market Outlooks
December 2022
2023 Outlook: Recession, recovery, and rebound
Wells Fargo
Research
28 Pages
Wells Fargo Investment Institute maps a path from recession to recovery to rebound, arguing that the pain of tighter financial conditions can create clearer entry points.
Global Macroeconomics
December 2022
Sea Change
Oaktree
Article
1 Pages
Oaktree Capital examines whether investors are experiencing only the third true structural shift in more than 50 years, driven by inflation and higher interest rates.
Market Outlooks
December 2022
Outlook for 2023: Keep It Simple
KKR
Research
74 Pages
KKR lays out a pragmatic 2023 playbook: favor simpler, collateral-backed cash flows and be selective across risk assets.
Market Outlooks
December 2022
Vanguard economic and market outlook for 2023: Beating back inflation
Vanguard
Research
61 Pages
Vanguard lays out a 2023 macro roadmap centered on bringing inflation down—even at the cost of slower growth.
Market Outlooks
July 2022
Walk, Don’t Run: Mid Year Update 2022
KKR
Research
56 Pages
KKR Global Institute argues markets have entered a new regime where inflation and supply constraints make the classic 60 40 playbook less reliable.
Market Outlooks
January 2022
Piloting Through
Goldman Sachs
Research
106 Pages
Goldman Sachs explores how investors can navigate a late-cycle environment marked by elevated valuations, shifting policy dynamics, and persistent macro uncertainty.
Global Macroeconomics
January 2022
2022 Global Outlook: The Success and Excesses Resulting from MP3 Policies
Bridgewater
Research
10 Pages
Bridgewater explains how coordinated monetary and fiscal policies successfully revived economies but also created inflationary pressures, excess liquidity, and difficult tradeoffs for central banks.
Market Outlooks
December 2021
The Global Investment Outlook
RBC GAM
Research
84 Pages
RBC Global Asset Management explores how the post-pandemic expansion is transitioning into a slower, more fragile phase shaped by inflation, fading stimulus, and new macro risks.
Market Outlooks
December 2021
Shooting The Rapids – The Investment Outlook For 2022
BNP Paribas Asset Management
Research
30 Pages
BNP Paribas Asset Management outlines a 2022 investment outlook centered on navigating a late-cycle global recovery marked by moderating growth and persistent inflation pressures.
Market Outlooks
April 2021
Capital Market Assumptions – 10-Year Strategic and Longer-Term Secular Outlook for Asset Classes
Rockefeller Capital Management
Research
71 Pages
Rockefeller Capital Management outlines long-term capital market assumptions across major asset classes, focusing on expected returns, inflation, and interest rate dynamics.
Markets
March 2021
2021 Capital Markets Expectations
Meketa
Research
80 Pages
Meketa Investment Group outlines forward-looking capital market expectations across asset classes, focusing on return assumptions, valuation starting points, and the implications for long-term portfolio construction.
Market Outlooks
February 2021
Outlook – US Resilient
Goldman Sachs
Research
116 Pages
Goldman Sachs explores the resilience of the US economy and equity market, arguing that structural advantages such as innovation, profitability, and policy flexibility continue to support its global leadership.
Market Outlooks
February 2021
Our 2021 Global Outlook
Bridgewater
Research
7 Pages
Bridgewater lays out its 2021 outlook through the lens of shifting economic regimes, emphasizing how policy coordination between fiscal and monetary authorities is reshaping market dynamics.
Market Outlooks
January 2021
2021: Another Voice
KKR
Research
46 Pages
KKR presents a macro outlook shaped by structural regime shifts, arguing that investors may be entering a period defined by lower returns, higher volatility, and greater dispersion across assets.
Market Outlooks
January 2021
2021 Best Ideas – The Future in Focus
PGIM
Research
17 Pages
PGIM explores how structural forces like demographics, debt, and productivity are shaping long-term capital market expectations,
Markets
December 2020
25th Annual Edition – Long-Term Capital Market Assumptions
J.P. Morgan Asset Management
Research
130 Pages
J.P. Morgan Asset Management outlines how shifting economic regimes marked by higher inflation, stronger growth, and rising rates reshape long-term asset returns and portfolio construction.
Market Outlooks
December 2020
2020 Private Equity Outlook
Verus Investments
Research
42 Pages
Verus examines the rise of GP-led secondary transactions in private equity and how they are evolving into a core liquidity tool rather than a niche solution.
Market Outlooks
October 2020
The Road Ahead
KKR
Research
26 Pages
KKR examines the post-COVID macro regime, arguing that structurally lower rates, higher fiscal spending, and rising geopolitical tension will reshape asset allocation for years.
Market Outlooks
September 2020
Brave Real World: 5-Year Outlook 2021 – 2025
Robeco
Research
109 Pages
Robeco lays out a five-year outlook arguing that markets are distorted by central bank policy and elevated asset prices, creating a “hall of mirrors” where signals are harder to interpret.
Alternative Assets
August 2020
Global Timber Outlook 2020
Gresham House
Research
60 Pages
Gresham House explores how climate change, urbanization, and decarbonization are reshaping global timber demand, with a focus on structural wood like coniferous sawnwood.
Market Outlooks
June 2020
Global Macro Outlook: Virus Curve Flattening, Markets Stabilizing, Slow Recovery
Deutsche Bank
Research
200 Pages
Deutsche Bank explores how COVID-driven shocks are reshaping markets, arguing the recovery will look more like a drawn-out “swoosh” than a sharp rebound.
Market Outlooks
June 2020
Capital Market Line
PineBridge
Research
9 Pages
PineBridge Investments outlines how its Capital Market Line framework translates forward-looking return and volatility assumptions into asset allocation decisions across global markets.
Market Outlooks
June 2020
Quarterly Capital Markets Outlook
Epoch
Research
23 Pages
Epoch Investment Partners explores whether the post-COVID recovery is truly “normal,” arguing markets face a mid-cycle environment shaped by slowing policy support, persistent inflation uncertainty, and accelerating digital transformation.
Market Outlooks
March 2020
Eye On The Market Outlook 2020
J.P. Morgan Asset Management
Research
35 Pages
J.P. Morgan examines how the US China trade war disrupted global growth, earnings, and capital spending heading into 2020, arguing that markets may already reflect much of the expected recovery.
Markets
February 2020
2020 Long-Term Capital Market Assumptions
Invesco
Research
68 Pages
Invesco’s 2020 Long-Term Capital Market Assumptions outlines a lower-return, higher-volatility decade ahead, challenging the effectiveness of traditional portfolio construction.
Market Outlooks
January 2020
Real Estate Outlook: US – Annual Outlook 2020
UBS
Research
28 Pages
UBS Asset Management outlines its 2020 US real estate outlook, focusing on a late-cycle environment marked by slowing growth, modest income gains, and rising uncertainty across property sectors.
Market Outlooks
December 2019
Vanguard Economic And Market Outlook For 2020: The New Age Of Uncertainty
Vanguard
Research
48 Pages
Vanguard examines how a “new age of uncertainty” driven by trade tensions and policy risk could shape a slower global economy and more muted market returns.
Market Outlooks
November 2019
Expected Returns – Escaping the Hall of Mirrors
Robeco
Research
117 Pages
Robeco outlines a five-year outlook focused on expected returns across asset classes in a world transitioning away from ultra-loose monetary policy.
Markets
November 2019
2020 Long-Term Capital Market Assumptions
J.P. Morgan Asset Management
Research
12 Pages
J.P. Morgan Asset Management outlines long-term return expectations across asset classes, arguing investors face structurally lower returns in a low-rate, late-cycle world.
Markets
November 2019
2020 Long-Term Capital Market Assmptions
J.P. Morgan Asset Management
Research
116 Pages
J.P. Morgan Asset Management lays out its 2020 long-term capital market assumptions, focusing on how ultra-low yields and late-cycle dynamics reshape portfolio construction over a 10–15 year horizon.
Markets
March 2019
2019 Capital Market Assumptions 10-Year Strategic Outlook For Major Asset Classes
Rockefeller Global Family Office
Research
62 Pages
Rockefeller Global Family Office examines how shifting market dynamics and investor behavior are reshaping long-term return expectations and portfolio construction.
Market Outlooks
January 2019
Outlook 2019
Capital Group
Research
16 Pages
Capital Group explores how investors should navigate a late-cycle global economy marked by rising volatility, tightening policy, and diverging growth trends.
Market Outlooks
January 2019
Outlook for 2019: The Game Has Changed
KKR
Research
64 Pages
KKR explores how a late-cycle global economy is shifting the investment playbook, arguing that slower growth, tighter liquidity, and structural changes are reshaping asset allocation decisions.
Market Outlooks
December 2018
Vanguard Economic And Market Outlook For 2019: Down But Not Out
Vanguard
Research
44 Pages
Vanguard outlines a late-cycle global economy facing slower but still positive growth, arguing recession fears are overstated as expansion moderates rather than ends.
Market Outlooks
November 2018
Turbulence Ahead: Investment Outlook 2019
Robeco
Research
30 Pages
Robeco’s Outlook 2019 explores a late-cycle global economy where solid growth coexists with rising risks that could unsettle markets. It argues markets may show “two faces” as fundamentals remain strong,
Market Outlooks
September 2018
Multi-Asset Market Outlook
Robeco
Research
24 Pages
Robeco highlights how corporate earnings have remained the primary anchor for equity markets in 2018, even as investors fixate on trade tensions and political uncertainty.
Market Outlooks
August 2018
Fixed-Income Outlook Tail Risks Are Getting Fatter
Guggenheim Investments
Research
32 Pages
Guggenheim Investments examines late-cycle fixed income dynamics, arguing that growing tail risks are underappreciated despite tightening financial conditions and rising rates.
Market Outlooks
June 2018
Multi-Asset Market Outlook
Robeco
Research
26 Pages
Robeco’s Multi-Asset Market Outlook explores how rising political risks and trade tensions are testing markets that remain supported by solid global growth and corporate earnings.
Market Outlooks
February 2018
Capital Market Assumptions: 10 Consultant Outlooks
eVestment
Research
26 Pages
eVestment examines how 10 investment consultants adjusted capital market assumptions across equities, fixed income, and alternatives during 2016 and 2017.
Market Outlooks
January 2018
(Un)Steady as She Goes
Goldman Sachs
Research
108 Pages
Goldman Sachs examines whether synchronized global growth can keep markets steady as tightening policy, rising valuations, and political friction build underneath the surface.
Market Outlooks
December 2017
Vanguard Economic And Market Outlook For 2018: Rising Risks To The Status Quo
Vanguard
Research
35 Pages
Vanguard examines how tightening labor markets, low volatility, and elevated asset prices could disrupt the postcrisis investing environment in 2018.
Markets
September 2017
5 Year Expected Returns 2018 to 2022
Robeco
Research
108 Pages
Robeco’s “Coming of Age” explores how elevated valuations and tightening monetary policy could suppress five year asset class returns despite steady economic growth.
Markets
June 2017
Multi Asset Markets Outlook
Robeco
Research
25 Pages
Robeco examines whether subdued volatility and improving economic data are masking growing risks across global markets.
Markets
April 2017
The Global Investment Outlook
RBC GAM
Research
78 Pages
RBC Global Asset Management examines how Trump’s election, moderating inflation, and slower rate cuts could reshape markets in 2025.
Markets
March 2017
Emerging Markets Outlook for 2017: Risks Remain, but There Are Reasons for Optimism
William Blair
Research
8 Pages
William Blair explores why emerging markets entered 2017 with stronger fundamentals despite rising concerns around Trump era trade policy, higher U.S. rates, and China’s debt buildup.
Markets
February 2017
2017 Capital Market Assumptions For Major Asset Classes
AQR
Research
16 Pages
AQR explores why investors may need to reset expectations for stocks, bonds, and traditional 60/40 portfolios in a lower return world.
Markets
January 2017
Eye on the Market Outlook 2017
J.P. Morgan Asset Management
Research
46 Pages
J.P. Morgan Asset Management explores how unprecedented central bank stimulus and rising anti establishment politics reshaped markets entering 2017.
Markets
December 2016
Financial Market History: Reflections on the Past for Investors Today
CFA Institute
Research
306 Pages
CFA Institute Research Foundation explores how centuries of bubbles, currency speculation, and financial innovation still shape modern investing.
Markets
November 2016
Expected Returns 2017-2021
Robeco
Research
120 Pages
Robeco examines how depressed growth expectations, negative bond yields, and rising debt levels could shape five year asset returns across equities, bonds, and emerging markets.
Markets
October 2016
The equity risk premium
Norges Bank Investment Management
Research
47 Pages
Norges Bank Investment Management examines the equity risk premium and why stocks have historically delivered returns far above cash and bonds despite extreme volatility.
Markets
August 2016
Q2 2016 Market Review & Outlook
Morgan Creek Capital Management
Research
66 Pages
Morgan Creek Capital Management explores Seth Klarman’s value investing philosophy and why patience, cash, and downside protection still matter in expensive markets.
Market Outlooks
August 2016
Global Investment Outlook: MIDYEAR 2016
BlackRock
Research
16 Pages
BlackRock Investment Institute examines how Brexit uncertainty, fading central bank influence, and tentative U.S. reflation were reshaping global markets in mid 2016.
Markets
January 2016
The World Markets 4th Quarter of 2015
Meketa
Research
11 Pages
Meketa Investment Group reviews the crosscurrents shaping global markets in late 2015, from collapsing commodities to widening credit spreads and diverging equity performance.
Markets
January 2016
2016 Outlook: Same Simple Secret to Long-Term Investment Success
Gotham Asset Management
Research
4 Pages
Gotham Asset Management examines why valuation driven investing periodically underperforms despite strong long term logic.
Markets
January 2016
2016 Market Outlook
Newfound Research
Research
23 Pages
Newfound Research examines how combining multiple risk management strategies can improve portfolio durability across volatile markets.
Market Outlooks
December 2015
2016 S&P Outlook: Still low yields despite Fed hikes to boost S&P PE
Deutsche Bank
Research
148 Pages
Deutsche Bank examines why low interest rates and modest earnings growth could still support higher S&P 500 valuations in 2016 despite Fed tightening.
Market Outlooks
December 2015
Vanguard’s Economic and Investment Outlook
Vanguard
Research
32 Pages
Vanguard examines how structural deceleration, debt deleveraging, and diverging central bank policies could shape markets in 2016.
Markets
December 2015
Global Macroeconomic Outlook
Meketa
Research
22 Pages
Meketa Investment Group examines slowing global growth, diverging central bank policies, and mounting risks tied to China, commodities, and currency volatility.
Markets
December 2015
Capital Markets Outlook
Meketa
Research
21 Pages
Meketa Investment Group explores how slowing Chinese growth, collapsing commodity prices, and diverging central bank policies reshaped global markets entering 2016.
Market Outlooks
September 2015
Expected Returns 2016 to 2020
Robeco
Research
120 Pages
Robeco examines how a maturing post crisis recovery, rising inflation pressures, and valuation extremes could shape asset returns through 2020.
Market Outlooks
June 2015
Generating Long-Term Performance Under the Impact of Uncertainty and Risk
Pictet
Research
32 Pages
This paper explores how investors can generate long term performance amid uncertainty, with a particular focus on strategic asset allocation, risk diversification, and shifting macroeconomic regimes.
Market Outlooks
May 2014
Year of The Alligator
Morgan Creek Capital Management
Research
16 Pages
Morgan Creek examines how recurring market cycles, excessive central bank confidence, and investor complacency may be setting up another painful reset.
Market Outlooks
February 2014
The Year of the Alligator: Why 2014 Will be the Inverse of 2013
Morgan Creek Capital Management
Research
28 Pages
Morgan Creek Capital Management explores why 2014 could reverse many of 2013’s strongest market trends as QE support fades and valuation gaps narrow.
Market Outlooks
September 2013
Options Market Outlook
Waverly Advisors
Research
10 Pages
Waverly Advisors examines the technical, macroeconomic, and options market backdrop following the Federal Reserve’s surprise decision not to begin tapering.
Markets
March 2013
The Outlook for Equities
Oaktree
Research
10 Pages
Oaktree Capital Management examines how investors should think about the outlook for equities by challenging common assumptions about the equity risk premium.
Market Outlooks
January 2013
Slow Turn Ahead? 2013 Investment Outlook
BlackRock
Research
32 Pages
BlackRock examines how shifting monetary policy, slowing deleveraging, and improving global growth could reshape investment markets in 2013.
Market Outlooks
January 2013
2012 Review 2013 Outlook
Research
21 Pages
This paper reviews the defining global economic developments of 2012 while outlining the major forces likely to shape 2013.
Market Outlooks
December 2012
Year-End Capital Markets Forecast
Research Affiliates
Research
9 Pages
Research Affiliates examines the global outlook for bonds and equities by comparing developed and emerging markets through valuations, growth expectations, and policy trends.
Market Outlooks
August 2012
Q2 2012 Market Review & Outlook
Morgan Creek Capital Management
Research
14 Pages
Morgan Creek Capital Management examines how Europe's sovereign debt crisis, central bank actions, and slowing global growth reshape investment risks and opportunities.