Lower earnings activity is not always synchronized with worse economic performance.
Source: Nuveen Multi-Asset, Bloomberg monthly S&P trailing 12 month EPS YoY; National Bureau of Economic Research Economic Recession Indicator from Jan ’54 Mar ‘24
(Past performance is no guarantee of future results.)
Latest news
Multiples on PE buyouts
August 6, 2026
This quarter marks our integration of SPI by StepStone as the primary source for US buyout valuation metrics for the PE Breakdown.
US Leveraged Loan Issuance Slows to $76.5b in July
August 6, 2026
The US leveraged loan market has continued to slow from the May level of $104.7b, with approximately $76.5b priced in…
