Pictet Asset Management
Global Equity Rotation Without a Bear Market
Pictet’s March outlook argues that the global equity rally remains intact even as leadership rotates away from U.S. technology stocks.
Strong global growth, falling interest rates, fiscal stimulus, and heavy AI-related capital ex...
2026-03-06
2026-03-06
Blue Bay Asset Management
The Index Trap: Passive Investing Is Becoming a Concentration Bet
The report argues that the widespread adoption of passive investing has quietly transformed diversified market exposure into a concentrated bet on a narrow set of companies and themes.
The top 10 stocks now account for over 41% of...
2026-03-06
Allianz Global Investors
Europe’s Energy Pivot Becomes a Strategic Power Play
The report argues that Europe’s energy transition is no longer just a climate agenda—it has become a geopolitical and industrial strategy aimed at reducing dependency on imported fossil fuels while reshaping industrial competitiveness....
2026-03-04
MFS Investment Management
Memory Becomes the Binding Constraint in the AI Capital Cycle
This report argues that surging DRAM prices are emerging as the critical bottleneck in the AI buildout, reshaping capital intensity and sector profitability
High-speed DRAM prices have risen 400%–2,400% y/y, reflecting suppl...
2026-03-04
State Street Investment Management
Industrial Revival Builds as Policy and Energy Risks Collide
State Street Investment Management’s Weekly Economic Perspectives notes strengthening U.S. industrial momentum alongside shifting policy signals globally
U.S. industrial production rose 2.3% y/y in January—the strongest sin...
2026-03-04
Neuberger Berman
Real Estate Reset: Liquidity and GP Capital Shape the Next Phase
Neuberger Berman highlights how a 13% drawdown in real estate values since 2022, combined with thawing debt markets, is opening a window for GP-focused capital solutions
Public REITs have underperformed the S&P 500 by ~60%, with va...
2026-03-04
Janus Henderson
Energy Shock: Duration Will Define EM Winners and Losers
Janus Henderson contends that oil price persistence—not headlines—will determine whether Middle East tensions become macro-relevant for emerging markets.
Markets are pricing a temporary energy risk premium tied to shipping disrup...
2026-03-04
Robeco
Emerging Markets: Growth Engine Turns Inward
Robeco argues that emerging markets are no longer high-beta satellites but increasingly self-sustaining growth engines, supported by innovation leadership and domestic capital formation
EM economies now account for ~60% of global GDP (...
2026-03-03
Blue Bay Asset Management
Turkey’s Orthodox Turn Meets Geopolitical Ambition
RBC BlueBay examines how Turkey’s return to monetary orthodoxy is colliding with a strategic pivot toward geopolitical leverage
After hiking rates to 50% in 2024 to tame >80% inflation, the CBRT has eased to 37%, targeting inf...
2026-03-03
Invesco
Strait of Hormuz in Focus as Markets Price Escalation Risk
Invesco’s rapid response outlines four energy scenarios following U.S.–Israeli strikes on Iran, emphasizing that supply disruption—not headlines—will drive markets
Base case (40%): military disruption without oi...
