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...
2026-03-03
2026-03-02
Northern Trust
Trade Policy Becomes Endurance Test, Not Knockout Blow
The featured global outlook contends that tariffs are evolving into a prolonged drag on confidence rather than a decisive lever, even as growth proves resilient
U.S. GDP slowed to 1.4% annualized in Q4 but held 2.2% for 2025; one Fed c...
2026-03-02
ING Bank
Hormuz at Risk: Energy Markets Confront a High-Impact Supply Shock
ING assesses that escalating U.S.–Israeli strikes on Iran materially raise the probability of sustained oil and LNG disruption, with asymmetric upside risks to prices
Brent could immediately move toward $80–90/bbl, with ups...
2026-02-27
Northern Trust
U.S. Economy Thaws, but Momentum Remains Measured
Northern Trust’s February outlook sees steady but unspectacular progress as inflation cools, productivity rises and the Fed leans cautiously toward further easing
Q4 GDP slowed to 1.4% annualized, but 2025 growth held at 2.2% rea...
2026-02-27
GMO
Value’s Extreme Discount Keeps Equity Dislocation Conviction High
GMO’s 2025 year-end letter argues that the valuation gap between value and growth remains near historic extremes, sustaining the opportunity set for its market-neutral Equity Dislocation strategy
The strategy returned 15.8% gross...
2026-02-27
Other research
Co-Investment Evolves From Fee Break to Strategic Capital Solution
The featured roundtable highlights how co-investment has shifted from opportunistic fee savings to a core execution tool for GPs and disciplined alpha source for LPs
Co-invest volumes have outpaced broader M&A, with ~62% now occurr...
2026-02-26
Vanguard
AI Upside, Market Asymmetry: Bonds and Value Favored for 2026
This outlook argues that AI could lift U.S. growth toward 3% over time, but equity returns may lag the economic boom
AI capital spending—projected at $2.1tn through 2027—remains in early-cycle “capital deepening,&rdqu...
2026-02-26
Capital Group
Tariff Wall Rebuilt: Legal Reset, Fiscal Pressure
The featured quick take examines how the Supreme Court’s ruling on IEEPA tariffs reshapes—but does not end—U.S. trade policy
While IEEPA-based tariffs were struck down, the administration is pivoting to Section 122 (1...
2026-02-26
State Street Investment Management
Indian IT Confronts AI Disruption Amid Trade Relief
State Street Investment Management’s Mind on the Market reviews India’s tariff reprieve and the structural inflection in its IT sector
U.S.–India tariffs were reduced from 50% to 18%, lifting foreign inflows...
2026-02-26
Van Lanschot Kempen
Infrastructure Repriced by Data, Not Just Duration
This report argues that infrastructure investing is shifting from yield sensitivity to system-level analysis, as AI demand, climate risk and trade rerouting reshape asset economics
AI-driven data center clusters are materially altering...
