Despite US policy uncertainty in the first half of 2025, markets remained remarkably resilient. This could change in the second half of the year.
The 15% tariff on Japanese goods was better than feared.
US inflation shows signs of reacceleration.
Watch the Q2 2025 performance update featuring Warryn Robertson, Portfolio Manager/Analyst for the Lazard Global Equity Franchise Strategy.
Tariff increases and jobs data raise new questions for the US economy.
Technological, demographic, and geopolitical shifts create disruption and uncertainty, but they also present prime opportunities for long-term investors.
Oil prices suggest a return to the pre-strike status quo, but I believe the region remains far from a lasting peace.
Major central banks held policy constant with few meaningful changes in messaging.
The impact of US tariffs is not yet reflected in inflation and trade data.
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