Research & Insights
MP3 policies were very successful in stimulating a rapid recovery from the pandemic. But this stimulation was applied for too long, resulting in persistent inflation and the need for central banks to slow the economy through aggressive tightening. Explore our research on the current challenges this new environment presents for investors.
Because environmental, social, and governance considerations affect how economies are evolving and how markets are priced, we seek a deep understanding of the ESG issues that are pertinent to our investment approach. We also partner with institutional investors seeking to achieve financial outcomes and have environmental and social impacts within large, liquid, multi-asset portfolios.
Bridgewater is focused on understanding the historical cause-effect relationships of complex economic situations. As we look back at the events of 2008, we invite you to explore some of the crisis-era research and decision making that enabled our investment team to understand what drove the market and helped us weather the greatest financial storm of a generation.
Over twenty years ago Bridgewater Associates pioneered portfolio balancing concepts that came to fruition with the creation of the All Weather asset allocation strategy in 1996. Read more about the concept of balance that lies behind the Risk Parity approach.
The economy is like a machine. At the most fundamental level it is a relatively simple machine, yet it is not well understood. Below we explain timeless insights of how it works and share long term perspectives that illustrate these forces playing out.
Our Research Process
Throughout our history, Bridgewater has focused on building the best possible understanding of global economies and markets. These unique insights drive our innovative investment engine, deliver returns for our clients, and inform global economic policy.
On a mission to uncover timeless and universal investment principles, our unique meritocratic culture and cutting-edge technology allow us to systematize and compound our insights over time so that our collective understanding is greater than that of any individual.
As a global macro-investment manager, we take a diversified approach spanning more than 150 different markets. With deep expertise in portfolio construction and risk management, we develop insights and design strategies to deliver value to our clients through any economic environment.
Selected Insights from Our Research Library
May 9, 2023
Karen joins the 2023 Sohn Investment Conference to discuss the major shifts — both near-term and long-term — that are likely to have a significant impact on economies and markets.
May 1, 2023
Co-CIO Karen Karniol-Tambour joins a panel of industry leaders at the Milken Institute’s Global Conference to discuss a wide range of topics impacting global capital markets and investors. Karen focuses on current credit conditions, the asymmetry she’s seeing in the markets, the paradigm shift from a low inflation world, China as a diversifier, and more.
April 14, 2023
Last year’s historically large and rapid tightening is starting to constrict the financial system and slow the economy. This is necessary and will need to be sustained to restore equilibrium conditions.
April 3, 2023
Differences in macro conditions and the corresponding policy responses and market action are as large as they have been in 40 years. Co-CIO Bob Prince highlights the importance and potential of geographic diversification for investors.
March 24, 2023
Co-CIO Greg and Co-Head of Fixed Income Research Alex Schiller discuss our recent three-part series on the banking crisis and its implications for the financial system, the economy, markets, and the Fed.
February 21, 2023
Our newest co-CIO shares her thoughts on the secular changes shaping economies and markets, how she’s assessing cyclical conditions around the world, and what these dynamics mean for investors.
February 14, 2023
Odds favor a third stage of this tightening cycle likely to be marked either by an economic downturn or failure to meet the inflation target, prompting more tightening. Either would be bad for most portfolios.
January 24, 2023
Even with the tailwind of falling energy prices, Europe’s inflation problem looks persistent, which is bad news for European assets.
January 17, 2023
Co-CIO Bob Prince joined Bloomberg TV from the World Economic Forum in Davos, Switzerland, to discuss his thoughts on the economy in 2023, why a downturn is needed for inflation to fall back to target, and why we are likely entering a more volatile “boom-bust” style environment than the last decade of relatively stable conditions.
January 6, 2023
The dominant driver of markets last year was the historically large and rapid rise in interest rates. This year, the major story is likely to be the impact of higher rates as the tightening flows through to economic conditions.
December 15, 2022
Co-CIO Greg Jensen sat down with Bloomberg to share his outlook for the markets as we transition into the new year. Greg discusses what investors can expect as we shift from a world fully focused on inflation to one that is increasingly focused on a coming recession.
December 13, 2022
Bridgewater’s Co-CIO Karen Karniol-Tambour describes why today’s environment is so different from what we’ve seen in recent decades and how investors can prepare their portfolios.
November 30, 2022
The publicly traded firms in a handful of emissions-intensive sectors are responsible for about 60% of all global emissions. By allocating capital to climate solutions and carbon improvers in these sectors, investors can make progress toward their net zero goals, even if that leads to higher spot portfolio emissions than if they were to cut these emissions-intensive sectors altogether.
November 17, 2022
Bob shares his views with Milken Institute on today’s self-reinforcing inflation, what needs to happen to bring inflation down, and the likelihood of a coming recession. He also touches on the US relationship with China and the potential ramifications for the economy and capital flows going forward.
November 10, 2022
Greg Jensen and Bob Prince describe how they think the tightening cycle is likely to evolve, what it means for the economy and markets, and their areas of agreement and disagreement.
October 27, 2022
Greenhouse gas emissions are highly concentrated in a few key sectors in investor portfolios; the publicly traded firms in these sectors alone are responsible for about 60% of all global emissions. Investors thinking through climate risks, climate opportunities, and net zero alignment should focus on these sectors.
October 4, 2022
Daniel Yergin, one of the world’s leading experts on energy, and Angela Stent, one of the world’s leading experts on Russia, discuss the current state of the Russia-Ukraine war, how the war is reshaping the global energy map, and Russia’s role in an increasingly bipolar world.
We are constantly monitoring present day events and drawing lessons from history to shape and refine our understanding for how markets and economies work. Explore a collection of our research on topics ranging from debt crises to sustainable investing.