Our Private Markets & Alternatives strategists remain positioned for a downturn. Private Equity is most threatened as tariffs intensify existing recession risks. Buyout strategies face stress from record-low distributions…
We are pleased to share the replay of US Equity Market Intelligence Session, hosted by Chief US Equity Strategist Irene Tunkel.
The latest NY Fed Survey of Consumer Expectations reinforces our defensive stance, with growth concerns deepening even as long-term inflation expectations remain anchored. The survey is a useful cross-check against broader sentiment…
Our Global Investment Strategists remain defensive, expecting a global recession in the coming months unless the trade war de-escalates meaningfully. They maintain a year-end S&P 500 target of 4450, with downside risk to 4200.…
The US dollar’s reserve status is not done, but its foundations are starting to crack. Our Chart Of The Week comes from Juan Correa, Chief Global Asset Allocation Strategist. Most defensive currencies, like the yen and the Swiss…
The sharp drop in consumer sentiment and rise in inflation expectations reinforce our defensive positioning and preference for long-duration bonds. The preliminary April University of Michigan Consumer Sentiment Index fell to 50.8…
The combination of dollar weakness and rising US yields suggests global investors are questioning the safe-haven status of US Treasuries.
Barring a dramatic further de-escalation of the trade war, the US and much of the rest of the world will enter a recession over the next few months. Investors should remain defensively positioned for now.