Key Takeaways o President Trump’s widely telegraphed tariff policies caught global markets by surprise. o Tariffs have the potential to lower economic growth and increase inflation, but distinguishing between noise and actual implementation details is crucial as...
Key Takeaways o We expect the two key themes from 2024 –above-average growth and above-target inflation – to continue into 2025. o Trump 2.0 policies have the potential to add incrementally to higher economic growth, but also incrementally to higher inflation. o While...
Key Takeaways o Inflation has fallen dramatically over the last couple of years. o However, it is important to remember that inflation measures change in price, not level of price. o Because inflation was so high in 2022, many households continue to struggle with...
Key Takeaways o The role of bonds in a portfolio is generally either to produce income or to help manage volatility. o Today’s yields on bonds are significantly higher than the past few years and offer a great alternative for portfolios given 85% of total return is...
Key Takeaways Gold prices reached a new record high in 2024 driven by demand from global central banks. Gold is not a panacea. The shiny metal has not performed as well as stocks or bonds in the last 33 years but does act as a diversifier in portfolios. Before rushing...
Key Takeaways Strong performance of the “Magnificent 7” 1(Mag 7)has led many U.S. market indexes to beconcentrated in a small number of highly valuedcompanies. We find that these companies are more diversifiedthan you may think. However, they are expensive,and they...
