Macro

Find the latest macro analysis and insights

Orbis Japan Equity: Finding opportunity beyond the AI trade
  • 15 hours ago

A surge in enthusiasm for AI-related companies has created an unusually narrow Japanese equity market, with a small group of stocks driving a disproportionat...

Global Fixed Income Strategy – Monthly Update
  • 09 Jul 2026

US growth is increasingly driven by AI and tech capex, but spending still isn’t large enough to push the US to a strong 3.5-4% growth scenario.

Healthcare Investing: Finding Growth Beyond Pharmaceuticals
  • 09 Jul 2026

Equity investors should cast a wide net to capture the healthcare sector’s full potential.  Investors are often drawn to healthcare for its innovation and long-term growth potential. Yet in practic...

Muted, positive returns for fixed income in an eventful quarter
  • 09 Jul 2026

A hawkish Fed and buoyant economy outweighed falling oil prices.

PE Wire: Jeff Diehl on True Transparency in Private Credit
  • 09 Jul 2026

Adams Street Managing Partner & Head of Investments Jeff Diehl recently joined a PE Wire podcast to discuss transparency, risk, and manager selection in private credit. He emphasized that real tran...

Global Asset Allocation Views 3Q 2026
  • 09 Jul 2026

Against a backdrop of resilient growth and a fading energy shock, we reaffirm our positive view on risk assets. In equities we favor the U.S., Japan and emerging markets. We overweight U.S. high yi...

For DC Savers, Better Returns May Translate into Longer-Lasting Income
  • 09 Jul 2026

The Potential of Enhancing Returns: Spending for Longer Hypothetical Retirement Saving and Spending Illustration (US Dollars) This is a...

Regimes, Reversals and Risk
  • 09 Jul 2026

The S&P 500® gained 15% in Q2 2026, posting its best quarter since Q2 2020. The steady drumbeat of AI-related enthusiasm propelled the market upward despite numerous obstacles, including the war wi...

What in the World⁈
  • 08 Jul 2026

Weekly takes on macro stories and market trends shaping the investment world