MACRO & INVESTING

While the pace of job growth has slowed, consumer spending in the U.S. has remained resilient, according to unemployment data from August. BNY Wealth evaluates the softer labor market against expectations for a Federal Reserve rate cut and how consumer spending could help the economy avoid a recession.

Can diversifying traditional asset classes with alternatives help investors mitigate risk while capitalizing on new opportunities in a fast-changing market? With the global economy transitioning from decade-high inflation to disinflation, alternative asset classes can help investors maintain purchasing power while offering exposure to new areas of growth. Read more from BNY Wealth.

With the relationship between stocks and bonds changing, alternative investments have increasingly become part of the ‘all-weather’ portfolio protection traditionally offered by a 60/40 mix of stocks and bonds. BNY Wealth takes a look at alternative asset classes that have become more accessible to investors and can be deployed to fulfil a range of objectives.

The presidential election may cause investor anxiety, but is it warranted? Eric Hundahl, BNY Investments Head of Portfolio Solutions, takes a look at historical stock market trends that indicate elections aren’t typically a major factor for long-term returns.

This year has seen markets consistently flip between two dominant narratives. In one, thanks in part to artificial intelligence (AI), growth is strong, inflation falls quickly and interest rates come down rapidly. In the other, growth is slowing, but inflation is sticky and interest rates have to stay ‘higher for longer’. These two stories continue into Q3 as do their very different potential implications for asset performance. Read the latest quarterly outlook from BNY Investments’ Global Economics and Investment Analysis team.

Whether you need near-term insights for a short- or long-duration trade or you’re looking for the next big opportunity, our strategists offer well-informed macro analysis backed by years of industry experience from former central bankers and investment practitioners.

BNY Investment's Global Economic and Investment Analysis team offers a snapshot of today’s yield curve and what it means for asset classes and investment opportunities.

As America prepares for a presidential election, Eric Hundahl, BNY Investments Head of Portfolio Solutions examines stock market patterns during previous election years and during the first three years of Biden’s and Trump’s presidencies.

The U.S. Treasury market is awash with supply at a time when some large buyers have pulled back. With no efforts in sight to curb government deficits, rising issuance could keep yields higher than markets expect, even after rate cuts.