An overview of recent market developments and macroeconomic conditions, as well as our over- and underweight positions. This primarily discusses equity, bonds, and money markets. Alternative investments, such as real estate and private equity, will not be systematically covered in the report, but such products should also be included in a long-term investment portfolio.
Key points
- Trump announced a 90-day tariff pause shortly after his initial announcement, in response to growing market turmoil
- The trade war between the U.S. and China escalated, resulting in tariffs of 145% and 125% respectively
- The U.S. dollar continued to weaken despite increased market volatility