INSIGHTS

Systematic, cost-aware tail-risk hedging may support portfolio downside protection while preserving strategic flexibility in volatile markets.

For investors still holding cash allocations, the current fixed income environment may offer a potential opportunity to enhance income without taking on significant interest rate risk.

Long-dated U.S. Treasury yields are in the spotlight following recent Treasury intervention. In our view, the recent rise in yields reflects underlying supply and demand dynamics, rather than concerns about U.S. solvency. Meanwhile, recent market repricing may create opportunities for active investors, especially at the front end of the curve.

Global earnings growth has been strong this year, led by the U.S. and reinforced by improving profit growth across Europe, Japan and other major markets. While volatility may rise in the near term, above-average earnings and broader global participation remain supportive of global equities.

AI investment enthusiasm is rising, but returns will vary widely. Long-term value is more likely where practical, commercially viable use cases are already beginning to emerge, says Walter Scott’s George Dent.

Semiconductor sector volatility remains high as investors weigh surging memory growth against questions over durability and valuation. Walter Scott’s Murdo MacLean breaks down what’s going on.

Checkpoints is a comprehensive monthly chartbook highlighting major top-of-mind themes that could shape financial markets in the near term. In addition to the broader macroeconomic discussion, Checkpoints delivers detailed views on major asset classes, including global equities, fixed income and real assets.

The U.S.’ extraction of President Maduro from Caracas on January 4 could alter the trajectory of geopolitics in the Americas.

BNY's commitment to insight and perspectives comes to life through our investment and market leaders who gather quarterly to debate the key issues shaping markets today.