RESEARCH // November 23, 2022
COP27 Investor Brief: A Tale of Two Summits

At COP26 last year in Glasgow, we saw big pledges – Net-Zero pledges from countries and companies; $130 trillion of private capital represented in the GFANZ coalition pledged to accelerate the de-carbonization of the economy.

But that world, one of easily available capital and peace in Europe, no longer exists, and we have seen a resetting of expectations from many of the major players, both on the public and private side.

 

Read the full COP27 roundup here.

You might also like:

Research

Quarterly Letter-Q4 2022: Let’s Turn the Page

January 20, 2023

The fourth quarter of 2022 was a microcosm of the year for investors, albeit not so painful. For 2022 as a whole, the tally was grim. US bonds experienced their worst year on record. Global equities fell sharply. Returns from a traditional 60:40 portfolio of stocks and bonds were the worst since 2008.There remains a disconnect between market expectations that rates will ease sooner rather than later and the central bank’s hawkish Q4 projections.

Learn More

Research

Quarterly Letter-Q3 2022: A Tightening Grip

October 21, 2022

The summer began with a strong rally in US markets. By quarter’s end, that bounce was but a distant memory.

Learn More

Research

Quarterly Commentary Letter – Q2 2022: Switchback of Fear

July 22, 2022

The second quarter of 2022 was when reality sank in. Might we be headed back to the future, when inflation – and the fight to curb it – dominated the macro background? A slowdown is inevitably coming. Can the Fed, against the odds, succeed in cooling the economy sufficiently to bring down inflation without a sharp rise in unemployment?

Learn More