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Agatha Malinowski

Quantitative Analyst, Index Investment Strategy, S&P Dow Jones Indices

Agatha Malinowski is a Quantitative Analyst, Index Investment Strategy at S&P Dow Jones Indices (S&P DJI). The Index Investment Strategy team provides research and commentary on the entire S&P DJI product set, including U.S. and global equities, commodities, fixed income and economic indices.
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Jan 29, 2026

Big Tech, Breadth and Balance

U.S. equity markets have been whipsawed in the past few days, with initial optimism surrounding Big Tech earnings powering the S&P 500® to an intraday high, and subsequent disappointing reactions to earnings coupled with the Fed’s decision to hold rates steady leading to a sharp retreat for The 500®. The pullback in Tech and the…

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Nov 12, 2025

Fixed Income Funds and Their Fortunes

Global fixed income markets have been buffeted by tariff-related tensions and inflation concerns coupled with monetary policy uncertainty, with many central banks cutting rates, Japan in tightening mode and the U.S. Fed ending its quantitative tightening program. Focusing on the U.S. and Europe, sovereign yield curves in both regions have steepened since late 2024, with…

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Jun 5, 2025

Yippy Yields and Dollar Dilemmas

Equity markets have made a remarkable recovery following a turbulent start to the second quarter, with the S&P 500® closing out May up 6%. However, ongoing uncertainties surrounding tariffs and their inflationary impact, concerns about the fiscal deficit and potential shifts in foreign demand for U.S. Treasuries have weighed on the bond market, with the…

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Jul 15, 2024

Time, Trust and Trading

As the bull market in U.S. equities continues, with the S&P 500® up 18% YTD,1 we have witnessed in parallel an extraordinary time in the fixed income markets. Historically low credit spreads have led to the outperformance of high yield bonds relative to corporate bonds and corporate bonds relative to Treasuries. The iBoxx USD High…

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