Last Week at a Glance
Global equities were little changed last week as investors weighed the initial terms of a new US-UK trade deal and cautious signals from central banks.
Currency
Market Matters: April 30, 2025
Global financial market volatility surged in April as investors priced in the potential impacts of so-called reciprocal tariffs revealed by the United States, which significantly raised import levies on virtually all trading partners.
Is Gold’s Rally Sustainable?
No, we don’t think so. For most investors, this is more likely a time to take profits on gold rather than initiate new allocations.
US Policy Changes Highlight Need for Portfolio Diversification
After a prolonged period of US outperformance, many investment portfolios have become heavily concentrated in US equities, but recent policy shifts now challenge US economic and financial hegemony. Investors should carefully evaluate these exposures to determine if greater diversification is warranted.
Market Matters: March 31, 2025
Global equities declined, driven by a large sell-off in US stocks as investors digested the potential negative impact from new US import tariffs.
Market Matters: February 28, 2025
Global bonds rallied, outpacing equity markets as concerns mounted that a change in global trade dynamics would weigh on economic growth.
US Manager Universe Statistics: Fourth Quarter 2024
This publication presents manager performance for 37 asset classes and substrategies, showing the median, mean, and key percentiles of return. Relevant indexes for each asset class are also included to provide market context.
Review of Market Performance: Calendar Year 2024
Most risk assets enjoyed strong returns in the calendar year (CY) ended December 31, 2024. US equities led on better-than-expected economic data and AI-related growth.
Market Matters: January 31, 2025
Global equities advanced in January as cooling inflation and US tariff delays catalyzed a risk rally in the second half of the month.
Market Matters: December 31, 2024
Global equities advanced in Q4 as performance diverged among regions.