Smart insights drive stronger portfolios
We leverage proprietary research and collaborate with investment teams across New York Life Investments to offer timely answers to the questions facing investors today in key areas:
Chart of the Week: Turning Leaves, Turning Points
WEEK OF SEPTEMBER 7, 2025
Our Global Market Strategy team’s latest September Macro Pulse report is out! This week’s note shares key changes to the market environment and the team’s views this month.
A central investment theme for the coming month is the expected resumption of the Fed’s easing cycle – which, though prompted by labor market weakness in the U.S., may represent a tailwind for allocation animal spirits and credit creation over the coming quarters.
Read Macro Pulse Report: Dog Days, Data Shifts
Macro Pulse: Turning Leaves, Turning Points
Capital markets have priced out the worst-case scenario from U.S. policy uncertainty, but policy risks remain. Join Julia Hermann and Sarah Hirsch as they discuss the September Macro Pulse, examining what policy risks mean for inflation, the potential path for the Fed, and what it all means for investors.
Private Markets Outlook – Navigating a Global Market Reset
Private markets are entering a new phase of recalibration and opportunity. Sarah Hirsch outlines the four themes driving these changes: easing global rates, policy shifts, democratization of private markets, and long-term megatrends, like electrification and digitization.
Macro Pulse: Turning Leaves, Turning Points
Private Markets Outlook – Navigating a Global Market Reset
2025 | Trust or Bust: The Next Era of Global Debt Sustainability
The choices governments make will shape long-term capital markets assumptions around inflation, interest rates, and potential growth; and will influence asset allocation.
A global debt sustainability framework:
Private Markets
Capitalize on the shifting (and growing) global private markets landscape
Key investor questions:
- What are the key cyclical and structural changes in private markets that present generational opportunities for investors?
- How are liquidity conditions improving in private markets, and what impact does this have on investment opportunities?
- What is the growing importance of the lower middle market in private investments, and how can investors benefit from this trend?
- What are the potential benefits of allocating to private equity, private credit, real estate, and real assets?
Prospective investors should be aware that investments in private funds or alternative investment strategies are suitable only for qualified investors who do not require liquidity and who can bear the economic risk, including the potential for a complete loss, of their investment. Investors are encouraged to consult their tax or legal advisors before making such investments.
Podcast: Checking in on the U.S. Private Markets with Apogem and Bow River
About Global Market Strategy
Our team of market strategists connects macroeconomics to asset allocation. We provide actionable insight into market-driving events, structural themes, and portfolio construction to empower investment decision-making.
Lauren Goodwin, CFA
Chief Market Strategist
Julia Hermann, CFA
Global Market Strategist
Michael LoGalbo, CFA
Global Market Strategist
Sarah Hirsch
Global Market Strategist
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