Markets, economy, stocks, growth, global, fixed income, international, asset classes
While tariffs remain a concern, the key issue is the degree—which we deem moderate—of U.S. recession risk. The current global backdrop makes the U.S. dollar unlikely to strengthen. Earnings growth expectations are modest, valuations are undemanding
Trade policy is of first-order importance in a more connected world, and markets have been reacting nervously to U.S. trade disputes.
A summary of the factors driving global markets over the last month.