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 3 – When Hedging Gets Hard
WEEK OF JULY 11, 2025
In the third part of our series on the U.S. dollar, we’re focused on how relative dollar weakness – and the cost of hedging it – is filtering through global portfolios. In short, currency volatility isn’t just a side effect of macro uncertainty; it's becoming a major driver of portfolio performance.
Read Macro Pulse Report: Macro in the Midyear Sun
Macro in the Midyear Sun
On this week’s episode of Market Matters, Lauren Goodwin and Julia Hermann deliver a midyear macro check-in, breaking down the four key forces shaping the second half of 2025: market complacency, labor market cooling, Fed policy uncertainty, and the sweeping impact of the “One Big Beautiful Bill.”
Dollar Demand Disrupted?
“Macro Mike” LoGalbo explores why the dollar is dropping despite Fed policy and what shifting global flows reveal about investor sentiment and market risks.
Macro in the Midyear Sun
Dollar Demand Disrupted?
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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