Renewables’ role in power-hungry data centers is overstated. Natural gas will fill clean electricity’s data center supply shortfall, particularly in the US and Europe.
US equities remain significantly overvalued but fall short of classic bubble conditions. Our Chart Of The Week comes from Jonathan LaBerge, Chief Strategist of our Special Reports Unit.As the S&P 500 flirts with all-time highs,…
Our Private Markets & Alternatives strategists argue that AI Venture Capital valuations are elevated but not indicative of a 2000-style Tech Bubble… yet. AI now accounts for one-third of all VC activity, having overtaken SaaS…
The post-Liberation Day rally has broadened, reducing skepticism and strengthening the case for US outperformance versus Europe. The S&P 500’s climb to all-time highs has been unusually smooth, compressing realized…
Our Global Investment strategists caution that AI’s economic impact remains limited, and investor patience may wane before fundamentals catch up to valuations. While AI has dominated equity narratives in recent years, its…
AI venture valuations remain elevated but are well below 2000 bubble extremes, offering context for investor positioning. Our Chart Of The Week comes from Brian Payne, Chief Private Markets & Alternatives Strategist.Brian…
The AI boom has had less of an impact on the economy than widely believed. This may eventually change, but the risk is that investors grow impatient before it does.
US housing data remain weak, reinforcing a fragile growth backdrop and the need for equity downside protection. July housing starts rose 5.2% m/m (annualized), but building permits fell 2.8% following a small June decline. The…
Our US Equity strategists recommend favoring their “disruptors” over the “disrupted” stock basket as GenAI momentum builds across industries. Adoption remains in the early stages but is set to accelerate as foundational models…
GenAI momentum is building. Many companies are already reaping benefits from the technology. GenAI is disrupting entire industries, such as education, image generation, and staffing. Investors should prefer our “disruptors” basket…