GXDW - The Storm Before The Calm
2025-04-06 07:30:00 ET
Summary
- The first weeks of the new U.S. administration have been disruptive, but we think sentiment can improve as its focus shifts from trade to tax cuts and deregulation.
- The AAC has upgraded its view on global equities from at-target to overweight in line with a similar upgrade to its view on developed non-U.S. markets.
- The AAC downgraded its outlooks for global bonds from overweight to at-target, reflecting a similar downgrade for investment grade bonds.
By Erik L. Knutzen, CFA, CAIA, Jeff Blazek, CFA & Maya Bhandari
The first weeks of the new U.S. administration have been disruptive, but we think sentiment can improve as its focus shifts from trade to tax cuts and deregulation....
The Storm Before The Calm