Our defensive strategy for 2025 is coming to fruition so we are re-initiating some of our defensive and risk-off trades. Tariff implementation, hurdles in the tax bill, and geopolitical shocks are materializing in the near term.
The tariffs on Canada and Mexico will come into effect as scheduled while the tariffs on China will be doubled. In the Middle East, Iranian response to any attack will threaten Middle Eastern oil supply. Meanwhile, Chinese fiscal…
Please join Chief US Political/Geopolitical Strategist Matt Gertken for a Webcast on Friday, February 28 at 10:30 AM EST (3:30 PM GMT, 4:30 PM CET).
Trump’s ceasefire talks are positive for Germany – and so was the German election result. But Trump’s tariffs will hit Germany soon. Investors should use near-term volatility to increase exposure to Germany.
Germany’s election delivered no major surprises but raised questions about whether Chancellor Friedrich Merz’s government will relax the “debt brake,” which caps budget deficits at 0.35% of GDP. The new coalition, comprising the…
Our Geopolitical Strategy team reviewed possible outcomes for Sunday's German election as the far-right is playing an expanding role in mainstream German politics. German voters have shifted to the right, weakening the ruling…
Our Chart Of The Week comes from Jonathan LaBerge, Chief Strategist for our Special Reports Unit. Jonathan asks whether investors should be encouraged by the fact stocks are shrugging off US tariffs. The answer is no, because…
President Trump is negotiating a ceasefire in Ukraine. This will be a marginal headwind to some commodities which benefitted from the conflict like natural gas and wheat, and will be a marginal tailwind for European assets,…