While investors grapple with continued geopolitical uncertainty, we maintained the base positioning in our Global Perspectives portfolios.

Highlights from the week of November 15 – November 21, 2024.

The markets responded to Trump’s cabinet appointees and geopolitical tensions outside the U.S.

The markets responded to Trump’s cabinet appointees and geopolitical tensions outside the U.S.

Strong economic growth coupled with inflation risks from potential policy shifts have paved the way for a prolonged period of higher interest rates. That could be a good thing for fixed income investors.

Our long-term return expectations serve as key inputs into strategic asset allocation for multi-asset portfolios and provide context for shorter-term forecasting.

After Trump's election win in 2016, there was a significant rally in U.S. equites, with small caps notably outperforming.

Wow, the 2024 rally in credit risk has fresh legs! Equity and credit spreads have both been ‘on the rally’ since the election, with risk taking sentiment supercharged and historically significant levels on valuations getting breached.

A still strong consumer and stabilized (but not lower) inflation caused the markets to sell off this week as rate cut odds fell.

The incoming administration will have an impact on every industry within investment grade credit, and each will face its own challenges and opportunities.