Market and Economic Insights

Our timely perspectives on macro events and market trends shaping the global financial markets.

Our Latest Insights

Friday, May 30, 2025

Economics Weekly: Reconciling Reconciliation Tax Bills

In this Economics Weekly, Richard de Chazal discusses the One Big Beautiful Bill Act, highlighting some of the main areas where it supports growth and where it will detract from it, as well as section 899.
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Friday, May 30, 2025

Monthly Macro: Tariffs, Tensions, and Turning Points

William Blair macro analyst Richard de Chazal unpacks the latest on global tariffs, inflation pressures, recession risks, and why smidcap stocks might be poised for a comeback in a shifting economic landscape.
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Friday, May 9, 2025

Economics Weekly: The Dollar Dilemma

While further softening in the exchange rate is expected, in this Economics Weekly, Richard de Chazal discusses why the U.S. is likely still unable to shed its exorbitant privilege and reserve currency status anytime soon, even if there are many reasons to think it might want to.
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Tuesday, May 6, 2025

Cash is Still King, Especially During the Great Iberian Blackout (El Apagón)

The complete power outage across the Iberian Peninsula last week was a wake-up call. William Blair’s Richard de Chazal outlines five lessons to take away from the event.
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Friday, May 2, 2025

Economics Weekly: From Growth to GARP

In this Economics Weekly, Richard de Chazal discusses the shift from low, stable inflation to a more volatile regime and its implications for investors, including a potential move from growth investing to GARP (growth at a reasonable price) investing.
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Friday, April 11, 2025

Economics Weekly: Trump’s Bold Vision

In this Economics Weekly, Richard de Chazal attempts to outline this vision, how the president thinks it can be achieved, what the barometers of success are, and what could derail it.
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Friday, April 4, 2025

Navigating Economic Opportunities Amid Global Shifts

Olga Bitel, partner and global strategist at William Blair, shares key insights into navigating the new reality as the global economic landscape shifts in response to the new U.S. administration’s policies, as investors face both challenges and significant opportunities.
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