On balance, we continue to recommend an overweight allocation to equities relative to fixed income.

Here’s What We’re Thinking

July 11, 2018

In a widely expected move, the U.S. imposed tariffs on US$34bn worth of Chinese imports on July 5th, and China responded immediately by introducing an equivalent 25% import tariff on US$34bn worth of American goods. Market reaction was muted. A bigger risk, in our view, is a potential escalation of the current trade dispute…

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