In the June issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth, where he talks about the confluence of political and economic factors that led our Investment Committee to reduce a years-long overweight to equities—with the proceeds shifted first into cash, and later, fixed income—and our continuing concerns.
May 10, 2019 – President Trump raised tariffs on U.S. imports from China today, as he warned he would this past Sunday on Twitter. Following months of signs that both sides were progressing toward an amicable agreement, that narrative was upended by Trump’s tweet, which vaguely alluded to “attempt[s] to renegotiate” by the Chinese. At first it was not clear whether the president was blustering for bluster’s sake, or if the negotiations had truly hit the rocks.
In the May issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth, where he talks about the changes taking place on the global economic growth trajectory that have prompted his team to reevaluate its world view, what it means for the stock market in general, and the weighting on international developed equities, in particular.