Capital Market Outlook

IN THIS ISSUE

• Macro Strategy — Assessing Supply Chain Pressures Given Escalating Geopolitical Conflict and Port Strikes: On balance, global monetary and fiscal policies are reflationary at the same time that the risk of short-to-medium-term supply chain disruptions seems to be increasing.
  
  
• Market View — Still the King: Ten Questions & Answers on U.S. Dollar Hegemony: The U.S. dollar’s world reserve currency is emblematic of America’s resilient and dynamic economy and underpins our preference for U.S. assets vs. the rest of the world.
  
  
• Thought of the Week — An Update on Small-caps in Six Charts: With the Federal Reserve now committed to recalibrating policy and supporting the economic expansion, the setup for Small-caps could be more favorable.