Market and Economic Insights
Our timely perspectives on macro events and market trends shaping the global financial markets.
Our Latest Insights
The Emerging Shift in Economic Growth Drivers
In this week’s Economics Weekly, William Blair Macro Analyst Richard de Chazal reexamines America’s trajectory and what this could mean for the structure of growth dynamics going forward.
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Gimme Shelter—Rental Prices and Inflation Dynamics
With inflation hot on people’s minds, many are gauging rent prices to see whether or not the Fed is keen to lower rates. William Blair Macro Analyst Richard de Chazal examines the shelter issue and where it’s likely to head over the next year.
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Dealing With a Stronger Dollar
In this Economics Weekly, Macro Analyst Richard de Chazal looks at what’s driving the dollar, its impact on inflation, and the S&P 500 sectors that perform best and worst with a stronger dollar.
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The Next Leg of the Capex Revival
For almost a decade, a central theme in William Blair’s research has been about the unfolding productivity and capex revival. Macro Analyst Richard de Chazal explains that while the progress around this narrative has been slow, evidence suggests momentum has started to pick up as a result of several structural economic dynamics.
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What Gold, Copper, and Treasurys Are Telling Us About Growth and Inflation
Gold and U.S. Treasuries have historically had a negative correlation. Recently, however, yields are rising and gold continues to reach new highs. Macro analyst Richard de Chazal provides a deep examination of these dynamics and offers his views on the reasons, along with potential implications for investors.
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Is This Another Market Bubble?
Are we facing a stock market bubble? In some ways, the acute rise in select stocks could suggest we are. However, as macro analyst Richard de Chazal examines, many of the valuation metrics of companies driving these gains have so far delivered on these expectations, relative the late 1990s, when it was mostly all narrative and no numbers.
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Scratching Below the Surface of the Economic Data
While some may be declaring victory in the recession/no-recession debate, there is plenty of evidence to suggest that growth may not be nearly as strong as it seems to be on the surface. Richard de Chazal examines the six data points he believes investors should be cognizant of.
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