The Daily Spark
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Mag 7 vs. Everyone Else
Equity returns over the past five years are all about the Magnificent Seven versus everyone else, see chart below. Sources:…
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Signs of Stress in Money Markets
Fed balance sheet reduction and heavy T-bill issuance are putting upward pressure on spreads in money markets, see charts below….
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Extreme Valuations for the S&P 500
Plotting the Warren Buffet indicator (US stock market cap to GDP) versus the Shiller cyclically adjusted P/E ratio shows that…
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Upcoming Events
Class 27Private Equity’s Edge: Delivering Alpha in a Changing Market
Tuesday, November 18, 2025 • 11:00am ET
Credits
1
CFP / IWI / CFA
CE Credit
Topics
- David Sambur, Co-Head of Equity, and Antoine Munfakh, Deputy Global Head of Private Equity, discuss how investors in today’s evolving environment can generate alpha across the entire private equity lifecycle. They also explore the changing dynamics of public equity markets, where structural shifts and evolving market forces could continue to reshape the future landscape.
In this class, David and Antoine will cover:
• How private equity can unlock opportunities for alpha generation
• Why the public equity market isn’t what it used to be
• Private equity today: how challenges can create potential opportunities
• How the macroeconomic environment is affecting private equity
On-Demand Classes
The Apollo Academy also offers additional CE-credit events on the discipline of alternatives investing as well as on key investing and economic top-of-mind topics, so you can keep your skills brushed up and your mind sharp for the ever-changing landscape of the capital markets.
Class 26Powering Innovation: Infrastructure Investing Across the AI Value Chain
Now On Demand
Credits
1
CFP / IWI / CFA
CE Credit
Topics
- Harry Seekings, Partner and Co-Head of Apollo Infrastructure, and David Cohen, Partner on Apollo’s Infrastructure team, discuss how the growth of AI is reshaping infrastructure. They explore the massive capital needs of advancing AI, the areas of potential opportunities and how next-generation infrastructure can serve as a stabilizing force for portfolios.
In this class, Harry and David cover:- How AI is creating trillions in investment needs
- The expansion of data centers
- The energy challenge behind powering AI at scale
- Where investors can participate across the infrastructure value chain
- How infrastructure can strengthen portfolios in today’s market environment
Class 25Mid-Year Outlook: At the Crossroads of Stagflation — What’s Next?
Now On Demand
Credits
1
CFP / IWI / CFA
CE Credit
Topics
- Watch Torsten Slok, Chief Economist at Apollo, discuss his views on what’s next for the US economy and capital markets in the second half of 2025. A Q&A session will follow the presentation.
In this class, Torsten covers:- What are the headwinds facing the US economy?
- What’s in store for the Fed, GDP, growth, and inflation?
- What impact can be expected in capital markets?
Class 24Hybrid Investments: Flexible Structures for Volatile Times
Now On Demand
Credits
1
CFP / IWI / CFA
CE Credit
Topics
- Watch Jason Scheir, Head of Apollo Hybrid Value, explain why hybrid capital is gaining momentum amidst heightened market volatility and expectations for higher-for-longer interest rates. A Q&A session will follow the presentation.
In this class, Jason covers:- What is hybrid capital and how can it help portfolios today?
- The current supply-demand imbalance for hybrid capital and how it can create opportunities
- The anatomy of typical hybrid transactions
- The potential benefits of deploying hybrid capital in investor portfolios
Why Alternatives in Your Retirement Portfolio
A long-held mantra—that a diversified portfolio of public equities and bonds is the key to a successful retirement plan—is now being challenged by secular shifts taking place in financial markets today, including the end of the monetary printing press that started in 2008. What’s an investor to do? Lead Portfolio Manager Matt O’Mara tackles this question in our latest white paper.
On Demand: Alternative Investing Course 2.0
Session 1 Alternative Investing Essentials Part One
Now Available On Demand
Credits
4
CFP / IWI / CFA
CE Credits
Topics
- Understanding Capital Markets
- Private Equity & Venture Capital
- Private Credit
Session 2Alternative Investing Essentials Part Two
Now Available On Demand
Credits
4
CFP / IWI / CFA
CE Credits
Topics
- Real Estate
- Infrastructure
- Digital Assets
- Hedge Funds
Session 3Practical Considerations
Now Available On Demand
Credits
2.5
CFP / IWI / CFA
CE Credits
Topics
- Commodities
- Understanding Portfolio Construction
- Asset Allocation
- Risk Considerations
- Fund Structures
- Fees
Alternative Perspectives
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Apollo Answers: What’s Missing in Private Credit? Integrating Asset-Backed Finance
As private credit evolves, so can portfolios – by integrating asset-backed finance and direct lending strategies. Pairing them…
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What’s Driving the Shift in Portfolio Construction: Private Credit, Private Equity, and the New Market Reality
In this episode of The View From Apollo, Apollo Global Head of Product Akila Grewal breaks down why private credit’s…
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Apollo Answers: 10 Questions for Private Credit
From loan vintages and leverage ratios to payment-in-kind interest and manager alignment, these and other critical factors can help…
Master the Basics
Apollo defines “alternatives” as an alternative to publicly traded stocks and bonds, seeking excess returns at every point along the risk-reward spectrum. We group our solutions in three categories: Equity, Hybrid (as defined as a mix of equity and debt), and Yield. Apollo’s introductory videos describe the basics of each alternative asset class. Taught by Keith Black, Adjunct Faculty at the University of Massachusetts, the videos cover the full spectrum of alternative asset classes (including venture capital and commodities, which Apollo’s solutions don’t currently address). They provide a broad understanding of the space for those seeking to invest in, or to augment, their exposure to alternatives.
