As we expected, Trump announced a 90-day pause on most reciprocal tariffs excluding China, which caused the S&P 500 to jump almost 10% in a single day. However, uncertainty around tariffs remains, and fears of a trade war with China. Unless supported by positive news, markets are likely to drift lower. Unexpectedly, US treasuries saw a significant sell off at a time when investors usually look to the asset class as a safe haven. Given the size of this market and its systemic implications, adverse developments here could be very problematic.
- April 14, 2025
Weekly Newsletter – 11th April , 2025
- June 17, 2025
Weekly Newsletter – 13th June , 2025
Economic and policy risk were at least temporarily relegated to secondary status as geopolitical risk emanating from the…
- June 10, 2025
Weekly Newsletter – 6th June , 2025
Last week, the S&P 500 crossed 6,000 marking a bull market in a drama filled week which included…
- June 4, 2025
Weekly Newsletter – 30th May , 2025
Trump’s tariff strategy faces an unexpected speed bump, his “big, beautiful bill” awaits Senate approval and as the…