Let's get into some of these deals. I never set deals. You can talk about can't talk about when to talk in broad terms about the appetite here for the capital that we need to provide to this particular force, this growing Force II datacenters, where it's going to come from and why, given a team, are going to fit in.So I think it's I mean, it's it's a huge super secular opportunity. There is an enormous need for funding and equity in data center. We I don't know whether the $6.7% trillion for McKinsey is rem ...

See more: 3 Stocks to Watch in Electrification ETF ELFY The rise of active ETFs has slowly but surely changed the investing landscape. Investors can get access to flexible strategies that can adapt to circumstances and often outperform passive peers. Perhaps the greatest opportunity in the rise of active investing may be how active investing can help bond funds deliver their proposed exposures better than passive funds can. As interest rates are shifting, then, now may be the time to move some core bond all ...

Market Outlook & Strategy - Diversified portfolios are recommended, with fixed income providing both income and diversification against economic slowdowns [5] - Fixed income is attractive as a hedge against potential slowdowns, especially if the labor market weakens [5][6] - Bond funds are considered sensible, particularly those with exposure to structural AI, strong corporate balance sheets, credit, and duration [7] - Extending duration is advised, potentially banking on a range of 375 to 425 basis points (375%-425%) [19] Interest Rates & Fed Policy - Interest rates are viewed as restrictive, justifying the Federal Reserve's (Fed) rate cuts [4] - The Fed is expected to continue gradually cutting rates, potentially reaching a neutral rate, with debate around whether that rate is 250 or 300 basis points (250%-300%) [17][18] - The current Fed funds rate is at 425 basis points (425%) [18] Labor Market & Economic Uncertainty - Uncertainty around tariffs is causing companies to pause hiring [9] - Risks to the labor market are balanced, with potential for both downside (increased firing) and upside (increased hiring) [12] - A potential government shutdown could further cloud the labor market outlook, especially if it involves layoffs [15] Investment Opportunities - 5-year and 10-year high-grade corporate paper are favored [8] - Opportunities exist in double B and single B high-yield corporate bonds [8] - Investment-grade credit offers a yield of around 550 basis points (550%), while triple B+ bonds yield approximately 650 basis points (650%) [20]

Core Insights - There is a noticeable shift in investment preferences among members, with a slight pullback from stocks and real estate, while private equity remains strong. Cash, fixed income, gold, and Bitcoin are gaining attention [1][6][7] - Bitcoin is increasingly viewed as a legitimate alternative asset rather than just a speculative investment, gaining acceptance among investors [5][6] - Wealth preservation is becoming a priority for members, with a focus on minimizing risks rather than seeking high returns [7][8] Investment Trends - Members are showing a cautious approach, indicating potential economic nervousness, as they diversify their portfolios beyond traditional equities [2][6] - The average member has significant wealth, averaging over 100 million, and is prioritizing wealth preservation over aggressive growth strategies [7][10] - The transition from entrepreneurship to investment is highlighted, with members needing to adapt their skills to manage their wealth effectively [11][13] Market Dynamics - Bitcoin's market size is currently only a tenth that of gold, yet both are considered secure assets by members [4] - The conversation around Bitcoin has evolved from hushed discussions to more open panels and discussions, reflecting its growing acceptance [5][6] - The focus on capital preservation suggests a broader trend in the investment community towards more conservative strategies in uncertain economic times [7][8]

Charles Schwab is eyeing a big push into the crypto space in early 2026. This as it contends with stock prices at record highs and a new generation of investors looking to get into the action. Caught up with Charles Schwabio Rick Worster for today's opening bid power player segment.Well, our our clients are really engaged. They're trading at about 30% more than they were last year. Uh we see margin balances up. We see more use of uh options.Our investors are really engaged in the market and I think there's ...

Market Overview - U.S. stock futures rose on Wednesday after declines on Tuesday, with major benchmark indices showing positive futures [1] - Federal Reserve Chair Jerome Powell noted that equity prices are "fairly highly valued" but downplayed immediate financial stability risks [1] - Investors are anticipating the release of the Fed's preferred inflation gauge, the PCE Index, scheduled for Friday [2] Economic Indicators - The 10-year Treasury bond yielded 4.10%, while the two-year bond was at 3.56% [2] - The S&P Global U.S. Composite PMI slowed to 53.6 in September, indicating softer growth [4] - The U.S. current account deficit shrank by 42.9% to $251.3 billion in Q2 [4] Sector Performance - Energy, real estate, and utilities stocks led gains on Tuesday, while information technology and consumer discretionary stocks declined [3] - The Dow Jones index fell by 89 points (0.19%), S&P 500 dropped 0.55%, and Nasdaq Composite decreased by 0.95% [5][6] Company-Specific Movements - Nvidia Corp. shares fell 2.8% after announcing a $100 billion investment in OpenAI [4] - Cintas Corp. is expected to report earnings of $1.19 per share on revenue of $2.70 million [15] - Micron Technology Inc. rose 1.86% after reporting better-than-expected fourth-quarter results and a strong revenue forecast [15] - Ares Acquisition Corporation II jumped 4.39% following successful fundraising for a merger with Kodiak Robotics [15] Investment Insights - BlackRock advises clients to seek "granular opportunities" in Europe while maintaining an overweight position on U.S. equities [8] - The report highlights financials, industrials, and utilities as outperforming sectors in Europe, with financials achieving a 32% year-to-date return [9][10] - BlackRock sees value in European fixed income, particularly when currency is hedged, potentially pushing yields on euro investment-grade credit to near 6% for U.S. investors [11]

The futures this morning are pulling back after another pretty good week, but we're going to talk fixed income. Joining us now, U Jay Barry, JP Morgan, head of global rate strategy. I'm warming up to your I think you get sold uh short the the whole fixed income uh area.Jay, because you know, the market's been doing so well. I've heard you can get 7%. Pretty much not necessarily risk-free, but extend duration a little.maybe not, you know, treasuries and that's about what the market can do if it just cools of ...

Group 1 - Morgan Stanley is one of the largest financial institutions in the US, recognized globally for its brand and reputation [1] - The company offers exclusive access to actionable research on European small-cap investment opportunities through its investment group, European Small Cap Ideas [1] - The focus of the investment group is on high-quality small-cap ideas, emphasizing capital gains and dividend income for continuous cash flow [1] Group 2 - The investment group features two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio [1] - Weekly updates and educational content are provided to enhance understanding of European investment opportunities [1] - An active chat room is available for discussions on the latest developments of the portfolio holdings [1]

US homeowners buying BTC with their equity is a $35T opportunity.Real estate investors buying BTC-linked fixed income is a $70T opportunity.Porting the full real estate monetary premium into BTC is a $150T opportunity.The future of real estate is orange. ...

ETF Market Overview - The ETF market has seen net inflows of over $855 billion this year and is on pace for another $1 trillion year [1][2] - ETFs are attractive to investors due to their liquidity, cost efficiency, and transparency [2] Emerging Markets Debt (EMD) - EMD ETFs experienced flat flows for the year but have seen a reversal with approximately $20 billion in inflows in the last four and a half months, following over three years of sustained outflows [3] - The macro backdrop for emerging markets is considered benign, supporting potential investment [4] - A weaker USD and the Fed initiating a rate hiking cycle have historically been supportive of EMD [5] Active vs Passive EMD ETFs - Historically, around 70% of actively managed EMD funds have outperformed passive ones over the last 10 years [7] - Newberger Berman has an active ETF hard currency sovereign vehicle [7] EMD Market Dynamics - Approximately $150 billion, representing 15-16% of all assets in dedicated vehicles, had left the EMD asset class until April of this year, indicating substantial capacity for investors to re-enter the space [8] - Emerging markets are growing at stronger rates with better fundamental and fiscal dynamics, including lower public debt to GDP ratios compared to developed markets [9] - Mexico's public debt to GDP is expected to be around 55% in 2026 [9]