What Could Go Wrong? 5 Black Swan Scenarios for 2024
BCA Research sketches out how such events could roil the markets—and the world.
Risk
Is Private Credit Starting to Show Some Stress?
A pair of global lenders have disclosed bad private credit deals in recent weeks, spotlighting the need for due diligence in the sector.
Australia’s Pensions Regulator Launches Project on Unlisted Assets
The APRA is putting under review its practices for valuation of unlisted assets, including private equity, commercial real estate and infrastructure.
AI Privacy, ESG Alts and Other Investing Themes for 2024
ISS unit lists 10 trends that sustainability-oriented investors should watch.
What if the Economy Has a No-Landing Outcome?
Everyone expects a soft landing, but Ned Davis sketches how that felicitous result might not happen.
Private Credit Is Changing Everything, Even Bankruptcy
Restructuring professionals report an uptick in both restructuring activity and private equity sponsors considering turning indebted businesses over to their lenders.
Investors’ Interest Rate Expectations Unrealistic, per NEPC
After many years of low borrowing costs, too many people have the delusion that these will return, NEPC warns.
Yield Curve Will Right Itself, Finally, but Not Until Year-End, Experts Say
Next question: What happened to the inverted arc’s role as a recession portent?
Will Red Sea Attacks on Cargo Ships Spark Inflation?
Only to a minor degree, says LPL Financial—goods prices already are low, so there’s a cushion.
US Insurers to Embrace Investment Risk, Seek Variety of Fixed, Private, Alternative Investments
American insurers are willing to embrace risk in order to combat perceived market volatility in 2024, according to Conning.
How Should ESG Backers Deal With Fossil Fuel Users?
A panel of sustainability supporters outlined strategies to get carbon emitters to change.
Why Battered Biotech May Be Turning Around
This cyclical sector has suffered, post-pandemic, but signs of a recovery are appearing.
BofA Still Positive About 4Q 2023, as Other EPS Estimates Deflate
The pessimistic takes come after the third quarter’s rebound from the earnings recession.
Vexing Gap Persists on Rates: Investors vs. Fed Officials
Futures market expects deeper cuts ahead than the central bank bunch projects.
Markowitz Redux: Updating Modern Portfolio Theory
Two academics create a new measure to divine a security’s price after a certain holding period.