U.S. fundamentals, AI leadership, and solid earnings keep markets constructive, but persistent inflation and elevated rates make the path forward narrower and more dependent on profitable leaders.

   

Webinar Replay “Macro in the Midyear Sun”
Recorded July 22nd, 2025 1pm ET

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How to Invest Our Macro Views

Diversification cannot assure a profit or protect against loss in a declining market.

Bonds face interest rate risk; when rates rise, bond values in a portfolio typically decrease, affecting overall portfolio worth.

Commodities Definition
A product or service from a firm that is indistinguishable from products or services of competing firms, usually conforming to a common standard or grade imposed by convention or regulation.

   

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Policy change has turned the U.S. yield environment into a chessboard of competing forces. Despite high tariffs, yields have climbed, driven by inflation expectations and a growing budget deficit.
A Defining Moment for Global Trade
The past few days - and coming weeks - mark a historic moment for global trade and for markets.
Tariff Tuesday
Lauren Goodwin and Julia Hermann have one topic to cover this week: tariffs. Tune in as we dive into the implications of Tariff Tuesday, including near-term impacts on markets and ways investors can adapt their portfolios to peak policy uncertainty.
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Our team of market strategists connects macroeconomics to asset allocation. We provide actionable insight into market-driving events, structural themes, and portfolio construction to empower investment decision-making.

   

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This material represents an assessment of the market environment as of a specific date and is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding any investment product or any issuer or security in particular.

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