Marquette Associates

Like many countries in recent years, Mexico has grappled with higher-than-average inflation levels, primarily driven by elevated food and producer prices. Mexico notably began tackling its inflation problem earlier than most developed countries in the wake of the COVID-19 pandemic. To that point, Banxico, the central bank of Mexico, started to raise its key rate in June of 2021, roughly 9 months before the U.S. Federal Reserve began its hiking cycle. This key rate reached a peak of more than 11% in early 2023 shortly after Mexican inflation, as measured by headline CPI, achieved a record high of 8.7% on a year-over-year basis. Read on in our #chartoftheweek by Eddie Arrieta, "Mexico Winning the Battle with Inflation" here: https://bit.ly/mexrates

Our alternatives research team is #hiring for a Private Markets Research Analyst! The Research Analyst will conduct fund due diligence, analysis, and market research and deliver investment recommendations to Marquette consultants and clients, specifically for private equity. Learn more and apply on our website: https://lnkd.in/g6Emr3kr

We're #hiring for a U.S. Equities Research Analyst! The Research Analyst will work closely with the traditional research team to develop market research, conduct manager due diligence, and formalize investment recommendations to clients. Learn more and apply on our website: https://lnkd.in/g6Emr3kr

Ibrahim Rashid, MPP will be speaking today and tomorrow at the 3rd Annual ESG & Impact Investor Summit co-hosted by Sahar Global Summits and Malk Partners. Ibrahim will be joining a discussion entitled, “ESG, DEI, and the 2024 Presidential Election: Embracing the Opportunities and Challenges Ahead” this evening and moderating a fireside chat tomorrow afternoon entitled, “Planetary Boundaries: Integrating Science into Impact Investing.” https://bit.ly/IRsahar2024

Join our research team next Wednesday, October 23 at 1:00pm CT for our quarterly Market Insights webinar analyzing the third quarter across the economy and various asset classes as well as themes we’ll be monitoring for the remainder of the year. https://lnkd.in/g9tFeMJk

Catch David Hernandez, CFA speaking on the Consultant Outlook Discussion at National Association of Securities Professionals (NASP)'s 6th Annual Consultant & Manager Retreat this week. https://bit.ly/DHnasp2024

Senior Research Analyst Evan Frazier, CFA, CAIA will be leading a topical investment theme discussion on credit at Accelerate Investors' Fall Investor Insights Summit tomorrow. https://bit.ly/EFaccel2024

U.S. small-cap equities have trailed their larger peers for over 13 years. Although the asset class has shown intermittent signs of strength throughout that period, including at the end of 2023 and in July of this year, a lasting shift in leadership continues to be elusive. When assessing the prospects of small-cap equities going forward, it may be helpful to analyze the high yield bond market, as the behavior of high yield spreads can serve as an indicator of small-cap strength. The primary reason for this relationship is likely that tighter spreads indicate economic strength and lower recession risk, and performance of small-cap stocks is closely tied to the health of the economy. To that point, over the last two decades when high yield spreads retreated below key levels outlined in this week’s chart, small-cap equities have tended to perform well. Read on in our #chartoftheweek by Catherine H., "The Elusive Small-Cap Revival" here: https://bit.ly/484MItz

Senior Research Analyst Amy Miller is speaking at Kayo Conference Series’ 2024 Women in Private Funds Summit in Boston today, joining a panel entitled, “Spotlight on GP Led Secondaries – Demystifying Continuation Funds.” https://lnkd.in/dzWWXDqJ

Don't miss the Marquette team at Institutional Investor's annual Roundtable for Consultants & Institutional Investors in Chicago — catch Nat Kellogg, David Smith, CFA, Gregory Leonberger, FSA, EA, MAAA, and Frank Valle, CFA, CAIA all speaking tomorrow. https://bit.ly/iiMAIrt2024