Macro

Find the latest macro analysis and insights

US Stocks: Margin Math Tests the Earnings Story
  • 16 hours ago

The S&P 500 is heading for a bumper earnings year, but what’s been driving the growth?  US earnings are set to grow briskly in 2026, but much of the expected gains are being driven by expanding pro...

Middle East conflict: The oil shock risk is back
  • 16 hours ago

Tensions in the Middle East have escalated once again, with daily exchanges of strikes between Iran and US assets in the region.

Why Now Emerging Markets
  • 16 hours ago

Moving from the edge to the centre of the global economy. Templeton Global Investments suggests emerging markets are driving global growth but remains overlooked by investors.

Capital Preservation Matters: Why stable value is critical in retirement plan menus
  • 23 Jul 2026

In a higher-rate, inflation-uncertain environment, stable value funds can serve as a critical retirement plan capital preservation option by combining principal stability with the potential for inf...

Developed market government borrowing costs are at a 20-year flashpoint
  • 23 Jul 2026

Developed market bonds are trading near their yield highs, or price lows, last seen 15 to 20 years ago. While inflation is partly to blame, another factor is...

What you own in this crazy world
  • 23 Jul 2026

Behind every share price is a real business, employing people, serving customers and owning brands, products and assets that many of us encounter in our dail...

UK retirement: The appeal of buffers and bucketing
  • 23 Jul 2026

Buffer and bucketing strategies are popular in UK retirement income portfolios. They are intuitive, easy to explain and can give clients confidence during volatile markets.

Making bucketing work: avoiding the pitfalls
  • 23 Jul 2026

To be successful in the long run, buffer and bucketing structures used in UK retirement income portfolios need to be astutely implemented.

Bond Bulletin: All eyes on Andy Burnham
  • 23 Jul 2026

The UK has a new prime minister, but the tightrope of fiscal headroom and the scrutiny of the bond markets remains. In this week's Bond Bulletin we explore what Andy Burnham's arrival in Number 10...