Russell Investments

U.S. Treasury yields have increased notably since September, particularly at the long end of the curve, with the 10-year yield up over 100 basis points from its recent lows. Paul Eitelman unpacks the drivers behind this big move in rates and our outlook for bonds going forward. #Economy #Finance #Investing

🚶 Canadian equity markets took the resignation of Prime Minister Justin Trudeau in stride 📈 Global economic growth, led by the U.S., is continuing 📅 The selloff in UK government bonds deepened during the first week of January On the inaugural edition of #MarketWeekinReview for 2025, Paul Eitelman discussed Canadian Prime Minister Justin Trudeau’s resignation as well as the latest batch of U.S. and global economic data. He also examined the recent volatility in global fixed income markets and its impact on other asset classes. #Economy #Finance #Investing

This past holiday season, Russell embraced the spirit of giving through a range of charity initiatives. From fulfilling children's gift wishes to supporting families in need, our teams brought the holiday magic to life! In New York, we partnered with New York Cares and their NYC Winter Wishes program, fulfilling gift requests for children in Central Queens, the South Bronx, and East Brooklyn. We also joined forces with The Jericho Project, an organization dedicated to tackling houselessness, helping to decorate for the holidays and wrapping gifts for children. In Seattle, associates and their family members stuffed bears with love and cheer with Build-A-Bear Workshop. These bears were then donated to YouthCare Seattle, a nonprofit fighting to end youth homelessness. Additionally, in collaboration with Mary's Place, our Seattle team supported families in need by participating in the Giving Tree program, purchasing and donating gifts to fulfill their holiday wish list. And in Canada, our Toronto office associates kindly donated gift certificates, clothing, and hygiene items to Covenant House Toronto. It was a wonderful holiday season partnering with even more wonderful organizations!

Hear from Ayesha Parra, our Global Head of Alternatives, on why a holistic plan is essential for private market investing. With the complexities of private equity, venture capital, and other alternatives, a one-size-fits-all approach doesn’t work. Thoughtful, diversified strategies are key to aligning these investments with long-term portfolio goals. #Investing #PrivateMarkets

2025 is nearly here — how much could investors benefit from broadening portfolios into private markets in the new year? Private markets continue to play an increasingly vital role in the evolving landscape of capital flows, as the shift away from public markets accelerates. We believe a multi-manager approach is crucial in this landscape. By diversifying across specialized managers, particularly in real assets, investors can access a broader range of opportunities that blend public and private market investments. #Investing #Economics #2025

In celebration of our commitment to better financial futures, we're excited to share our annual holiday tradition: artwork from the next generation. This year, children of our associates from around the world designed holiday cards with the theme "unleash joy." This year's winner of the Russell Kids Card Contest is Oliver, age 10, from London! You can see Oliver's outstanding artwork below. Check out our full holiday card as well as all our other fantastic artwork submissions here: https://lnkd.in/exivmPRY We wish all of you a season filled with joy — happy holidays!

Just as robot chopsticks can catch spacecraft in 2024, it’s plausible that markets can remain resilient through policy uncertainty in 2025. A disciplined approach to building total portfolios will be critical to investor outcomes in the year ahead.

Fed rate cuts are becoming less obvious. The US economy looks resilient and that's part of it. But the more important point from Powell was that -- after 100bps of cumulative cuts -- he thinks policy is closer to neutral now. That was always the endgame for these soft landing cuts. The neutral rate is highly uncertain. It's a concept that fits the old Aristotle quote: "the more you know, the more you realize you don't know". We track 8 indicators for where it might be. And December's cut moved rates inside of that range for the first time (grey lines, chart). That argues for a more careful approach from here on in, which is exactly what the Fed signaled today. Bonds and equities sold off on the hawkish cut. For Treasuries, we don't see big dislocations. Assessing Treasury value at this stage of the cutting cycle comes down to a "my neutral rate is better than your neutral rate" exercise which is low conviction. For stocks, this afternoon's selloff cleared the optimism we were seeing in our measures of market psychology. That's good news for the outlook. The Fed is still trying to support a sustained expansion. They're just being more careful now. Source: Russell Investments, LSEG Datastream, Board of Governors of the Federal Reserve System. The neutral zone is the min/max of 8 r* estimates we monitor. Available data as of December 18th, 2024.

As we navigate 2025, the interplay between the shifting policy landscapes and evolving market conditions calls for thoughtful portfolio construction. Here are some of the asset class viewpoints from our recent 2025 Global Market Outlook.

2025 will be another year of overcoming challenges and redefining limits against a backdrop of high U.S. equity market valuations, mega-cap dominance, and the uncertainty surrounding the policy agenda of U.S. President-elect Donald Trump. Our focus is on building resilient portfolios that can adapt to a wide range of scenarios. Chief Investment Strategist Paul Eitelman shares how we’re positioning our portfolios for success in the year ahead.