
Insights
Each quarter, we send all clients our Global Economic and Market Review, a report detailing our views on the market and portfolio strategy insights.
Q1 2025 / Strategy Update
The April 2 “Liberation Day” tariff announcement sent stocks into a severe volatility patch. We maintained our cash allocation but started buying selectively.
Our Response to Economic Policy Uncertainty
Rising economic and trade policy uncertainty – driven by the on-again, off-again, on-again nature of tariff pronouncements – has corresponded with rising market volatility. Given the uncertainty is not likely to fade soon, we’ve raised 25% cash in portfolios.