Tactical asset allocation
CT Universal MAP Funds – Q1 2025
Market Perspectives: Is the US-China trade war over already?
We have seen a positive outcome from trade talks between the US and China over the weekend, and while there was an expectation that we would see some progress, the reduction in tariffs has surprised to the upside.
Will empty shelves in the US force further pragmatism around trade?
With signs of pragmatism emerging from the White House we have seen calmer conditions in financial markets.
Is the US heading for a self-inflicted recession?
The tariff uncertainty continues, and equity, bond and currency markets remain volatile.
Is the worst of the trade war already behind us?
The focus is on tariffs and their impact on financial markets, including wild swings in equities and a dramatic sell-off in US Treasuries and the US dollar.
How much uncertainty can markets stomach?
The tariffs are expected to significantly impact the global economy, potentially raising US inflation and reducing growth. Markets around the world have sold off sharply.
Tariff turmoil, German rearmament: where will it all end?
Despite geopolitical uncertainty, we expect the global economy to remain resilient. Europe’s economy could beat expectations, and we are broadly positive on equities.
Passing the baton
Ahead of Steven Bell’s looming retirement we are pleased to introduce Anthony Willis, Senior Economist, as the new host of our weekly Market Perspectives video.
Are the UK public finances doomed?
Later this week the UK Chancellor, Rachel Reeves, will present her Spring Statement, which includes a fiscal outlook and public spending plan.
US decline and European renaissance – is that now the outlook?
The US economy and equity markets were expected to outperform in 2025 but so far, the reverse has happened.
