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US midmarket companies are a powerhouse of the US economy. These firms are generating a combined revenue of USD10 trillion and are employing roughly 50 million workers, making them an attractive Private Market investment.

International tensions and geopolitical risk – which have rarely given rise to major market inflections and have often been relegated to the background by investors – are now back in the spotlight.

The sticky nature of today’s inflation remains the key risk to the global growth outlook. In this Market Perspective, we explore the macro and market backdrop – including a deep dive into the global inflation trajectory – along with the upcoming political calendar.

It is the worst calendar year return (so far) for bonds, some value may finally be re-emerging in the high-quality government bonds that comprise the core of the global market. Is it time to retire the acronym TINA (‘There is No Alternative’)?

A volatile month saw capital markets reverse their initial gains in August: both global equities and global government bonds came under pressure after the Fed signalled that US interest rates will rise further and stay higher for longer.

As a country with an extremely vibrant economy, where personal wealth is growing fast, Israel is a key market for Rothschild & Co, with huge potential for its Wealth Management business

UK inflation, already at uncomfortable levels, is set to grind higher, peaking at 13% by year-end – according to the Bank of England – followed by only a gradual descent to perhaps 6% by the end of 2023.

Will another bad UK CPI hit growth? Real pay fell sharply in the last year after rising unexpectedly over the pandemic. Did consumers get used to that higher level of pay? If not, wiggle room now may be higher.

Senior hire strengthens Debt Advisory team and further expands Global Advisory business in the Americas.

Strong first half performance.

Despite ongoing global growth and inflation concerns, capital markets recovered in July: global equities rose significantly after hitting a low for the year in June. Global government bonds also posted strong gains.

The current challenge for central banks is to restore low and stable inflation, while preserving financial stability and averting a recession. A task that looks less likely now than a few months ago.

Volatility remained elevated across stocks and bonds. Global equities fell sharply, briefly touching a new year-to-date low mid-month, alongside global government bonds.

While the overriding narrative often deems ‘sticking to one’s guns’ as an admirable choice, as investors, we recognise the value of altering one’s approach where necessary. In this Quarterly Letter we discuss the language and psychology behind this phenomenon, and why changing your mind is so essential to long-term investing.

Senior hire provides leadership and expands sector coverage to drive the firm’s growth in the Canadian market.

Rothschild & Co announced that Michael Buchbinder and Patrick Mastan are joining its Global Advisory business as Managing Directors in the Technology team. These senior hires represent the expansion of Rothschild & Co’s Technology sector team in the U.S., which is led out of its Los Angeles office, to expand sector coverage on the East Coast.

Capital markets were volatile through May. After the longest series of weekly losses for major equity indices since 2001, equities recovered by month-end, while regional bond yields diverged.

Property prices have surged to record levels. However, amid rising interest rates, supply-side issues, and ongoing inflationary pressure, investing in real estate looks increasingly risky. In this Strategy blog, we examine the factors underpinning this appetite from investors, and how long we can expect it to last.

When selling a business, entrepreneurs often underestimate this financial shift, particularly the need to replace a regular salary with an ‘income’ post-sale.

While market and consumer sentiment paint a dismal picture, the hard data points to a more positive outlook.

Senior hire further strengthens the firm's leadership and expertise in the consumer retail sector.

Solid revenue performance despite less favourable market conditions.

This edition delves into the crisis in Ukraine and how this event is impacting the wider macroeconomy, particularly inflation rates and monetary policy.

The global growth backdrop continues to weaken, yet the mix of elevated inflation and tightening labour market is generating urgency for central banks to normalise stances.

Almost two months after the initial invasion, the ultimate conclusion of the Russia-Ukraine crisis remains uncertain. While the knock-on effect on energy supplies remains a concern, robust growth and labour markets provide some optimism as we await the realisation of more substantive interest rate rises.

In the most recent edition of our flagship client publication we dive deep in the world economy, behavioural finance and recent geo-political events.

The global economy is facing three interrelated shocks. New Covid-19 cases are once again gaining momentum in Europe and Asia – especially in China – worsening supply chain disruptions. In addition, the war in Ukraine will hinder global growth through many different channels. Lastly, central banks are under significant pressure to quickly normalise policy stances.

Capital markets fluctuated heavily as investors digested economic and geopolitical risks: Global equities rose 2.1% (in USD terms), while global investment grade bonds fell 2.2% (in USD).

Post pandemic-shifts in the real estate market, we look at how different real estate sub-sectors have performed and where investors can look for returns.

In this Strategy Blog, we wanted to highlight some points that might paint a slightly more optimistic picture of the UK economy.

In reaction to the invasion of Ukraine late last week, instead of military intervention, numerous sanctions were taken in order to isolate Russia from the rest of the world, with the goal of weakening it economically.