Top Papers: The best insights from September

Market-beating perspectives from top institutions

Read some of the best pieces of financial and economic research from the month of September, highlighting both the near- and long-term developments shaping the world of capital allocation.

The Geopolitics of Supply Chains (Lazard)

For over two decades, China was the leading solution for offshore production. That is no longer true. Find out what has changed.

Capital Market Assumptions for the Next 20 Years (Fidelity Investments)

For compliance reasons, this paper is only accessible in the United States

These market assumptions can inform strategic asset allocation decisions by focusing on how economic and financial market inputs influence asset returns.

Long-Term Capital Market Expectations (MFS)

For compliance reasons, this paper is only accessible in certain geographies

Macroeconomic conditions have been solid, although there have been some early signs of moderate slowing in the U.S. economy in recent months.

Resilient Investing Amid Geopolitical Uncertainty (PGIM)

The frequency of unexpected political and economic shocks has accelerated, forcing investors to reassess their market views just as frequently.

The Neobank Era Has Arrived (Robeco)

The challenging backdrop has prompted neobanks to shift from ‘growth at all cost’ to profitable growth and sustainable operations.

Top of Mind: Is the Fed behind the Curve? (Goldman Sachs)

Just as the Fed was behind the curve in raising interest rates in this cycle, the Fed is now behind the curve in lowering rates to move closer to a neutral policy stance.

The S&P 500 ESG Index’s Outperformance of the S&P 500 (S&P Dow Jones Indices)

One common critique of sustainability indices is that their tendency to underweight or overweight certain sectors potentially skews performance outcomes.

Nvidia's Earnings and the Market Reaction! (Aswath Damodaran)

Nvidia is one of the most widely followed companies in the world, and most of the seventy plus analysts who publicly follow the firm play the estimation game.

Bonus podcast

The Global Economy from a Liquidity Perspective (Top Traders Unplugged)

Michael Howell, Managing Director of Crossborder Capital, discusses the role of global liquidity in shaping markets and economies around the world.