Macro
Great Expectations, Meet Arithmetic
Investors expect strong long-term stock returns. But what do today’s valuations imply? Bill Sterling puts those expectations to a simple arithmetic test.
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macro
macro
Macro
July 2026 GW&K Market Insights
Hear GW&K's Harold Kotler, Bill Sterling, and Dan Fasciano discuss the economy, AI, inflation, diversification, and why long-term investors should look beyond today's headlines.
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Macro
GW&K Investment Review 2Q 2026
Founder Harold Kotler reflects on America's culture of innovation, entrepreneurship, and risk-taking — and why those strengths continue to create long-term investment opportunities.
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Macro
After the Peak: What a Century of Market Concentration Teaches
Bill Sterling examines a century of market concentration, exploring what past episodes tell us about today's environment. While market leadership has often broadened following concentration peaks, the path has rarely been short or straightforward.
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Macro
Picks and Shovels for the AI Era
As AI spending races toward nearly $1 trillion annually, the most reliable winners may be the suppliers building the infrastructure, not the companies betting on AI's future revenues.
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Macro
1Q26 GW&K Market Insights
GW&K’s 1Q26 conference call recap: outlook for growth/inflation, rates & credit, and the AI investment cycle — listen or read the transcript.
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Macro
Private Credit: Systemic Risk or Growing Pains?
Private credit has ballooned to a $1.8T market—and 2026 brought its first real stress test. Global Strategist Bill Sterling shares more on redemptions, rising defaults, AI-linked risks, and spillovers to public bonds.
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Macro
GW&K Investment Review 1Q 2026
In his Q1 2026 Economic Letter, Harold G. Kotler shares a timely reminder: patience, discipline, and diversification matter.
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Macro
Economic And Market Implications Of The US-Iran Conflict
Global Strategist Bill Sterling discusses potential market implications — especially for global energy — and key considerations for navigating volatility from the conflict involving Iran.
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