Highlights from the week of May 16 – May 22, 2025.

Downgrade, deficits, and trade weighed on U.S. stocks and bonds this week.

After years of trailing U.S. markets, international equities are quietly outperforming so far in 2025. What’s driving this resurgence, and what should you do about it?

Even as markets cheer easing trade tensions, the effects of tariff uncertainty may still show up in economic data—and bring renewed volatility with them.

Trade tensions eased and drove an equity rally, but the Moody’s downgrade over the weekend may change the narrative.

Private equity investors may benefit from four value-creating initiatives. In addition, secondary investors often have a potential advantage: discounted pricing

After weeks of volatility, the fog of economic uncertainty is beginning to lift. The recent de-escalation in the U.S./China trade conflict marks a major turning point—not because tariffs are disappearing, but because policymakers are beginning to operate with greater clarity around the constraints they face. Here’s how that is likely to affect markets.

U.S. equities and treasury yields were mixed as odds of a June rate cut fell due to the unknown impact of tariffs on inflation and solid labor.

After a decade of lagging growth stocks, value investing is seeing a resurgence. But as traditional value metrics used for a century have struggled to remain relevant, we recognize that successful value investors must evolve with the changing market environment. It’s time to reassess how to take advantage of this opportunity through a new lens.

All eyes are on U.S./China relations this week, as new talks give hope for signs of de-escalation in the two countries’ trade war. While hopes for a comprehensive agreement remain low, even marginal progress could provide temporary relief to jittery markets. But China isn’t the U.S. markets’ only concern, just its largest and most obvious one—and that has potential implications for portfolio weightings.