I am pleased to share the latest investment strategy report from RBC Wealth Management—Global Insight, which provides our current thoughts on asset classes, the economy, and timely issues that impact investment strategy.
This month’s highlights:
Tariffs’ leverage extends far beyond trade
“Form,” as Louis Sullivan famously remarked, “follows function.” He was speaking of architectural design principles, but we think it’s a salutary reminder for policy analysis as well. When it comes to investing, we need to look beyond the labels politicians slap on ideas and focus on the economic realities that are driving decision-making.
Global equity: Phase detection
Very often it’s not clear-cut which phase the equity market is in. We’re paying close attention to the internal conditions that we think speak to whether stocks have the ability to keep advancing.
Global fixed income: The Fed breaks from the pack
The Fed and other global central banks are now on diverging paths of monetary policy. Global yields are likely to trend lower while U.S. yields could remain elevated, as global central banks clearly remain biased toward further policy easing even if the Fed is content to stand pat.
If you have any questions or need further guidance, please do not hesitate to contact me.
I appreciate the opportunity to serve you and look forward to continuing to help you accomplish your long-term financial goals.
Beth Arseneau, FMA, CIM
Portfolio Manager
416-960-4592
beth.arseneau@rbc.com