From the Global Market Strategy Team: How a U.S. government shutdown hits the strategist desk Get Our Insights >
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: Is AI in a Bubble? Where AI Has Room to Run, and Where It May Hit a Wall
WEEK OF NOVEMBER 2, 2025
There’s no doubt that AI valuations are high, and that the Magnificent 7’s market concentration (alongside other AI-related equities) is, too. But we still believe the AI thesis has room to run. We are far from reaching overcapacity in AI infrastructure, and we very much stand by our 2024 view that AI is a megatrend influencing the next 10 years of investing.
Read Macro Pulse Report: Dog Days, Data Shifts
Is AI in a Bubble? It’s a Marathon, not a Sprint
AI’s market dominance and transformative potential are undeniable - but is the pace of AI investment sustainable? This week, Lauren Goodwin and Julia Hermann deconstruct the question they’re asked most frequently, with an eye on short-term shifts in the AI investment thesis that may affect long-term conviction.
How the U.S. Government Shutdown Hits the Strategist Desk
The U.S. government shutdown is entering its third week, raising concerns about economic momentum and market volatility. Julia Hermann explains what could bring an end to the standoff—and what it means for the Fed’s next move.
Is AI in a Bubble? It’s a Marathon, not a Sprint
How the U.S. Government Shutdown Hits the Strategist Desk
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
Navigate the next phase of global private markets
Key investor questions:
- How will diverging rate cycles and policy shifts shape private market opportunities in 2025?
- Which global megatrends such as electrification, digitization, and re-globalization are creating new long-term opportunities?
- Where can investors find the strongest potential across 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.
Video: Private Markets Outlook - Navigating a Global Market Reset
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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