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: Dollar Demand Disrupted, Part 2 – Central Banks Diversify
WEEK OF JUNE 30, 2025
The dollar’s recent slide has sparked questions about the outlook for U.S. assets and the direction of global capital. Last week, we focused on what the dollar’s weakness tells us about foreign demand for U.S. assets. This week, we turn outward. The dollar is moving, and data suggests that foreign investors are only a marginal part of the story. At the same time, U.S. Fed policy has been tighter than that of other central banks – typically a force for dollar strengthening. To dive deeper into our dollar view, we must therefore assess global central banks more holistically: interest rate, balance sheet, and reserve policy.
Read Macro Pulse Report: Positioning Amid Policy Pressures
Do Investors Really Want Out of U.S. Assets?
Lauren Goodwin and Julia Hermann examine a key question hanging over global allocation: do investors want out of the U.S.? This week’s episode explores what recent Treasury auction results and a weaker U.S. dollar reveal about investor sentiment and global capital flows. As diversification gains attention, they examine whether these shifts signal a broader move away from U.S. assets or simply reflect a changing global landscape.
A Look Inside the Global Investor Forum
Lauren Goodwin explores key insights from New York Life Investments' Global Investor Forum, where top investors and thought leaders tackled today's shifting market dynamics. Discover why adaptability and selectivity are essential in this new investing era.
Do Investors Really Want Out of U.S. Assets?
A Look Inside the Global Investor Forum
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
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