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Markets scaled a wall of worry in the second quarter of 2025—geopolitics took center stage from tariff turbulence, while equity markets rallied sharply from the post “Liberation Day” lows.
Central banks navigate fluctuating U.S. trade policy.
Global equities, as measured by the MSCI ACWI Index, rose sharply in May despite periods of volatility.
Simplify complex financial operations, boost client relationships, and enhance efficiency.
Predicting the future is hard.
U.S. trade policy concerns lead to market volatility
In today’s tariff turmoil, barely a quarter of 2025 has passed and we’ve experienced more than enough excitement for a whole year.
Banking on trade policy uncertainty.
That symbiotic, yet unsustainable, relationship started fraying about 15 years ago in the aftermath of the financial crisis.
