Navigating Tariffs and Market Dynamics

This chapter explores the recent downturn in U.S. equities driven by tariffs, analyzing the impact on inflation and the Federal Reserve's interest rate decisions. It emphasizes investment strategies, favoring small and mid-cap stocks in healthcare and financial services while cautioning against energy sector exposure. The discussion also touches on consumer sentiment and highlights opportunities in high-quality fixed income amidst fears of an exaggerated economic slowdown.