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Today's Pick

The Geopolitical Trilemma And Real Assets

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Our GeoMacro strategists remain overweight equities and bonds for now but warn that markets will soon test their “melt-up” thesis, as the cycle transitions from cash- to leverage-driven growth. The dominant theme of 2025 is not AI, but USD debasement. While a…

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