03 Jul 2025 Mid-Year CIO Market & Economic Perspectives
We’ve just released our 2025 Mid-Year CIO Market & Economic Perspectives, offering a detailed look at how markets and the economy have evolved in the first half of the year—and how we’re positioning portfolios going forward. Here are the key takeaways:
Key Highlights:
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Economic Growth Remains Resilient
Despite early-year contraction and policy headwinds, consumer spending and labor markets are holding up, with Q2 GDP expected to rebound.
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Policy Uncertainty Takes Center Stage
New tariffs and immigration changes have introduced volatility, underscoring the importance of long-term, diversified investment strategies.
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Equity Markets: A Tale of Two Halves
After a rocky spring, U.S. and global markets have recovered, but leadership is shifting—foreign stocks and value sectors are gaining momentum.
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Fixed Income Provides Stability
Core bonds and specialized credit sectors have added meaningful value, reaffirming bonds’ role as a portfolio stabilizer amid uncertainty.
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Private Markets: A Valuable Complement
Select private credit, real estate, and equity strategies continue to offer income and diversification benefits in a higher-rate environment.
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