What Is a Market Bubble?

Published on September 4, 2026

Famous market bubbles share some characteristics, but it's nearly impossible to predict how big a bubble might get and when one is about to burst.

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This Global Bond Rout Has a Surprise Winner

September 4, 2026
Global bond yields have climbed to the highest levels in almost two decades, pushing up mortgage repayments and corporate financing costs. But one corner has remained unusually resilient: emerging markets.

Emerging-Market Equities Offer More Than Chips and Memory

September 4, 2026
Emerging-market (EM) equities have benefited enormously from the global AI investment boom. But headline market gains show that EM leadership has become concentrated in a handful of mega-cap technology stocks. In our view, today’s EM benchmark is far less diversified than many investors assume, creating opportunities to seek differentiated sources of return.