All Commentary articles
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White papersUS midterm elections may be closer than expected
With the US midterm elections just around the corner, I am asked multiple times a day by colleagues, clients and friends how I think this pivotal contest is going to turn out. It’s my job after all to provide political analysis and public-policy research to Capital Group’s investment team — with an emphasis on analysis, not advocacy, as I always stress.
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White papersEquity Perspectives
Equity Perspectives outlines the current macro and market views from across Capital Group’s economists, portfolio managers and investment analysts. It offers insights on investors’ equity exposure against an ever-changing backdrop.
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White papersLights and shadows from the IMF
In the US, AI is likely to have a sequential impact on inflation. Strong demand will push inflation higher first, while productivity gains should become more disinflationary over time. Together with geopolitical and energy pressures, this is likely to keep inflation above central bank target.
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White papersFixed Income Outlook 4Q 2026: Walking the Line Between Rates and Inflation Risk
The fixed income environment has been particularly painful for investors in recent months, as long-term yields increased to multiyear highs amid geopolitical and economic turbulence. Slow progress on inflation, energy shocks and heavy issuance were among the headwinds, along with a hawkish turn by central banks.
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PodcastThe AI Supercycle, Asia, and Why This Time is Different
For much of the past decade, the technology sector has been the dominant engine of equity market returns. This year it ran hot, and then over the summer the sector sold off sharply. Markets have since recovered, but that drawdown is still on investors’ minds.
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VideoWhy Investors Should Consider Securitized Credit
In episode 4, Jose Pluto, Portfolio Manager, Global Securitized Products Team, looks beneath the consumer headlines – examining what’s driving strong issuance and exploring what securitized credit can bring to fixed income portfolios.
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White papersWhy the US economy is stronger than you might think
If you had told me a year ago that the United States would be waging an intractable war in the Middle East, oil prices would rise to more than $100 a barrel, interest rates would be moving sharply higher, and inflation would be running well above 3%, my forecast for the US economy would have been gloomy to say the least.
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White papersGlobal Macro Outlook: Fourth Quarter 2026
The global economy remains resilient amid war tensions and soaring energy costs. AI-driven investment and productivity gains are helping offset inflation pressures, while central banks increasingly diverge on policy. We think growth should remain positive through 2026, though elevated oil prices, market complacency and geopolitical risks warrant caution.
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White papersInvestment View for Q4: Liquidity is confidence
‘Investment View’ provides our quarterly macro & market outlook and investment recommendations
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White papers2026 Full Year Results
We use our expertise to access, deploy, manage and invest equity to create value and generate superior returns for our investor customers
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White papers2026 Global Trends and Tactics
Global private real estate markets have shown signs of stabilization, with transaction activity increasing in recent quarters. Nuveen’s Global Trends and Tactics examines the current real estate environment, including recent performance trends across global markets, evolving transaction dynamics as pricing adjusts from prior peak levels, and opportunities in real estate debt markets as capital values and margins shift. This analysis explores both potential opportunities and risks for investors considering real estate allocations in the current environment. Read the full report.
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White papersHealthy Labor Market in the Face of AI
Despite ongoing concerns around inflation, tariffs, geopolitical tensions and AI-related disruption, the U.S. labor market remains more resilient than many expected. Our latest Macro Strategy outlook explores several underappreciated trends shaping employment today and what they could mean for growth, inflation and markets going forward.
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White papersThe risk territory has moved
The risk models that have guided portfolio construction for decades were imperfect maps. Rather than merely adding new features to them, the disruptive force of artificial intelligence (AI) has started rearranging the territory itself. Accelerating structural change, reshaping economic relationships and creating concentrations that conventional asset-class analysis can miss has created challenges for investors.
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VideoThe Data Driving Central Banks
Decision Points is a new video series that looks at the data driving fixed income markets. Bringing together views across Neuberger’s Fixed Income Team, these perspectives offer a closer look at the opportunity set across public and private markets.
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White papersTechnology outlook: Balancing rapid growth with long-term valuations
Technological innovations are disrupting virtually every part of the global economy – from consumption, financial transactions, manufacturing, energy and more.
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White papersFed rate hike: Three views on what’s next
The US Federal Reserve’s decision to raise interest rates by a quarter percentage point this month marks a significant shift in monetary policy as the central bank seeks to dampen war-induced inflationary pressures. Although it is the first time the Fed has hiked rates since July 2023, in some respects it represents a return to normal after many years of artificially low borrowing costs.
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White papersMarkets look past the noise
The investment environment in 2026 continues to be shaped by geopolitical uncertainty, evolving inflation dynamics and the accelerating impact of artificial intelligence (AI). Renewed tensions in the Middle East have reintroduced inflation risks through higher energy prices, while AI-related spending is creating upward pressure on inflation in some sectors. As a result, central banks are expected to maintain restrictive policy settings for longer than previously anticipated.
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PodcastGoing the distance - Market perspectives into autumn - Investment views by Outerblue Convictions
After an eventful summer for the markets and policymakers, particularly in the bond markets, our podcast series regulars reunite to recap the major movements in the markets over the past few weeks. Listen further to discover what these market events mean for investors and our own investment views.
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White papersResearch spotlight on AI
As the artificial intelligence (Al) boom reshapes many parts of the investment landscape, it features prominently in many aspects of our ongoing research. Below, we showcase some of our latest Al-related thinking.
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BlogA warming planet hits our economy harder than a blocked strait
Tensions around the Strait of Hormuz dominate headlines, particularly the economic impact. European Commission (EC) analysis forecasts oil and gas prices will still be 20% higher by the end of 2027.
