iCapital: Beyond 60/40
Each episode of the Beyond 60/40 video series brings financial advisors the latest market news, thought-provoking interviews and insights with alternatives industry leaders. We will be inviting guests from fintech with the latest technology insights in the alternatives landscape.
Beyond 60/40 is to take a deep dive into alternative investments. The show is devoted to investment ideas beyond traditional 60/40 stock and bonds, focusing on ideas such as; real estate, private equity tech and structured investments. Alternative investments have lived on the periphery of the global investment landscape, but in the last few years made their way into the mainstream. In just 15 years, alternatives have grown from 6% to 14%, making $13.4 trillion of the global market in 2018, and they're expected to grow between 18-24% by 2025. Because of this, there are often questions and education Beyond 60/40 is uniquely positioned to provide answers and insights.
iCapital: Beyond 60/40
Beyond 60/40 Ep. 49: 2026 Economic Perspectives
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What turns 2025’s headwinds into 2026 tailwinds—and what still argues for caution? Host Sonali Basak sits down with Torsten Slok, Chief Economist and Partner at Apollo Global Management, to unpack sticky ~3% inflation and a “higher for longer” policy backdrop, the fragile labor market amid falling immigration, fiscal forces pushing up long rates, and how AI’s uneven trajectory could reshape portfolios. Slok also explores the growing role of stablecoins in the Treasury market and why diversification beyond AI-exposed assets remains essential.
Highlights:
- Why 2026 could see growth tailwinds (policy changes, AI/data center buildout, lower oil, weaker dollar, World Cup effects).
- Sticky inflation near ~3% and a cautious Fed keeping front-end yields elevated.
- Labor supply as the swing factor: immigration’s drop and a lower break-even job growth rate.
- AI’s uncertain macro impact—risks if it disappoints, disruption if it scales.
- Fiscal dynamics and issuance mix driving higher long rates; stablecoins as new T-bill buyers.