Market Outlook and Positioning
June 2025 The expectation of fewer rate cuts and trade-policy uncertainty defined a volatile first half of the year. Recently, sentiment improved on the prospect of government agreements with its main partners. Key Market Highlights: Upcoming Events to Watch:
Inflation slows down in May – but no clear signals yet
May Inflation: A Softer Reading The latest U.S. inflation report came in better than expected. Consumer prices (CPI) rose just 0.1% in May and 2.4% over the past year, matching forecasts. Core inflation (which excludes food and energy) also increased by only 0.1%, bringing the annual rate down to 2.8% — both lower than anticipated. […]
Mixed signals in the global economy: inflation, tariffs, and monetary policies shape the week
Week of June 2–6 Volatile week for the markets, as tariffs and trade tensions once again captured investors’ attention. The economic environment continues to show mixed signals. While some indicators are improving, uncertainty remains around productive activity, inflation, and trade policies. Here are the most relevant data points from the week, by country: “Don’t try […]
Trade uncertainty: legal rulings and market outlook
Recent court decisions keep tariff policy in the spotlight. Tariff update: mixed signals from the courts In recent weeks, U.S. trade policy has returned to the spotlight. A ruling by the Court of International Trade suggested potential changes, but a federal appeals court has temporarily blocked that decision. As a result, current tariffs—covering sectors like steel, […]
What’s Moving the Markets? Tariffs, Revisions, and Rate Cuts
Week of May 26–30 It was a short week for the markets, with tariffs remaining the main focus. Weekly Update: Mixed Signals and Key Decisions on the Radar Markets had a short trading week, but important developments still made waves. Here’s a regional breakdown of the most relevant news: The global landscape remains shaped by a […]
Sell in May and go away?
A look at summer market prospects: Between strong historical trends and new risks on the horizon. This old Wall Street saying tends to resurface around Memorial Day, suggesting investors reduce their exposure to stocks during a seasonally weaker period. But history doesn’t fully support that view. Over the past decade, the S&P 500 has averaged […]
Weekly Markets
Week of May 19–23 This week, markets were focused on the evolving fiscal debate and long-term interest rates. KEY HIGHLIGHTS BY REGION This week, Moody’s downgraded the U.S. sovereign credit rating from ‘Aaa’ to ‘Aa1’, citing the growing fiscal deficit and high refinancing costs. Meanwhile, the fiscal debate is intensifying, and the Fed remains cautious. […]
Evolving Global Economic Landscape
Week of May 12–16 This week, global economic activity delivered mixed signals. INTERNATIONAL OVERVIEW: MIXED SIGNALS FROM THE MARKETS Recent economic data reveal meaningful shifts in inflation, interest rates, and global activity. Here are the most relevant highlights by country: A long-term investor stays focused on strategies aligned with their risk tolerance to meet financial […]
Q1 2025 Results: Resilience and Early Signs of What’s Ahead
Q1 2025 ended on a strong note, despite ongoing challenges in the economic landscape. With nearly 85% of S&P 500 companies having reported, the first-quarter earnings season for 2025 showed encouraging strength. Earnings per share (EPS) grew 12% year over year, well above expectations. But corporate commentary also reflected a more cautious tone: mentions of […]
Central banks respond with caution
Week of May 5–9 Here’s a summary of the most relevant events that shaped the markets this week: The Federal Reserve kept its benchmark interest rate unchanged at 4.25%–4.5%, as expected. However, the message was clear: uncertainty is rising. Jerome Powell warned that tariffs could lead to higher long-term inflation and slower economic growth. Meanwhile, […]
