The AAA Model continues to rank equities as the strongest trending assets, reinforcing our confidence to stay invested even amid growing uncertainty. China’s rapid climb in the Model has reignited interest in Emerging Markets, with recent PBOC stimulus fueling their best monthly gains in nearly a year. However, skeptics caution that without deeper reforms, the rally may be brief. Meanwhile, gold remains a reliable hedge, topping the Model alongside equities—an ideal buffer as volatility looms.
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Broadening Leadership
This month we explore a market in which leadership is broadening. Equities are strengthening across Japan, Europe and the UK,
The Market Has Moved On
Markets rarely announce that a new chapter has begun. They simply move on, leaving investors debating yesterday's story.
Rearranging the Flower Blooms
Three months ago, markets were preparing for recession, inflation and geopolitical turmoil. Instead, they got something far less dramatic: growth.
