Improving global equity fundamentals and valuations argue for a more balanced approach.

Highlights from the week of January 23 – January 29, 2026.

2025 was a strong year for markets—but what did that mean for the millions of Americans saving for retirement in target date funds? Here, Barbara Reinhard, CFA, and Susan Viston from Voya IM's Multi-Asset Strategies and Solutions team break down 2025's key performance drivers and share their outlook on opportunities and risks for the year ahead.

Erin Orekhov, Head of Client Portfolio Management, and Eric Stein, Chief Investment Officer, discuss the nomination of Kevin Warsh as the next Fed Chair, exploring his potential impact on monetary policy, market reactions, and the challenges he may face in his new role. They delve into Warsh's background, his views on Fed independence, and the implications for interest rates and the economy.

Against a backdrop of positive technicals and emerging late-cycle behavior, high starting yields should anchor returns once again in 2026.

Screening for high levels of excess capital is a good starting point for finding winners—but persistent stock picking comes from fundamental analysis to identify companies that best use their dry powder.

​​Recent liquidity events related to portfolio companies in which PIF invests through its private equity holdings​.

The historical underperformance of passive Agg-based bond funds isn’t a coincidence. The index’s very design puts investors at a disadvantage.

The U.S. economy is entering a rolling recovery, with housing and lower-income consumers emerging as the first sectors to benefit.

Following the U.S. military operation in Venezuela over the weekend, discussion of the country’s energy resources has taken center stage. Venezuela accounts for roughly 0.1% of global GDP and approximately 1% of world oil supply. Despite holding significant reserves of oil, natural gas, and other commodities, years of mismanagement have severely degraded production capacity. A meaningful recovery would require sustained investment and structural reform, making any near-term impact on the global economy negligible as any meaningful increase in production would likely take several years.