Episode 82: The Next Test for Equities?

Equity markets have shown remarkable resilience through chaotic trade policies, the rise of AI, and now a war in the Middle East. But with the Iran conflict continuing to unfold, oil at elevated levels, and volatility spiking, that resilience could face a tough test. Equity Strategist Michael Schwager and Equity Product Strategist Ryan Sundby join Macro Markets to discuss market opportunities and risks in this environment, and address some of the advantages of unit investment trusts.

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How record credit issuance may reshape market dynamic in 2026.

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Macro Markets Podcast Episode 81: AI’s Macro and Market Impact: A Framework for Investors

U.S. Economist Matt Bush and Market Strategist Maria Giraldo join the latest episode of Macro Markets to discuss insights from our new white paper, “AI’s Promise and History’s Lessons.”

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AI’s Promise and History’s Lessons

Artificial intelligence is poised to reshape the economic landscape, creating significant opportunities for investors, but also notable risks.

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Investing involves risk, including the possible loss of principal. In general, the value of a fixed-income security falls when interest rates rise and rises when interest rates fall. Longer term bonds are more sensitive to interest rate changes and subject to greater volatility than those with shorter maturities. High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility. Private debt investments are generally considered illiquid and not quoted on any exchange; thus they are difficult to value. The process of valuing investments for which reliable market quotations are not available is based on inherent uncertainties and may not be accurate. Further, the level of discretion used by an investment manager to value private debt securities could lead to conflicts of interest.