Capital Market Outlook

IN THIS ISSUE

• Macro Strategy — Why Splendid Isolation Could Work Well for America and U.S. Investors: We are entering a new era whereby portfolio construction must reckon with rising geopolitical risks and attendant policy preferences, aka trade tariffs, investment restrictions and the like.
  
  
• Market View — Addressing Three Investor Apprehensions: Some investors may still be hesitant to deploy excess dry powder amid concerns about the rally’s durability, market concentration, and extended valuations.
  
  
• Thought of the Week — Bond Market Verdict: Nothing To See Here (Yet), Please Move On: At current nominal and real interest rates, valuations look good relative to their recent history and to other developed bond markets across the globe.