Of lower taxes and higher debt: a modern tale of Beauty and the Beast
The passage of the “One Big Beautiful Bill” in early July delivered major fiscal stimulus, boosting near-term growth but raising long-term debt concerns. Investors are favoring short-duration Treasuries and investment-grade credit.
Global balance is the next smart move
Mega-cap tech continues to lead US equities, but valuations and concentration risks are prompting investors to diversify globally and by sector.
The return of the old economy in a new geopolitical era
Old economy sectors are resurging amid rising capital investment, rearmament, and policy-driven onshoring and energy production.
Late-cycle positioning: quality, income, and liquidity
Investors are favoring high-quality, dividend-paying, and low-volatility stocks, alongside gold, short-term bonds, and selective alternatives.
