The View From Apollo Another Chance to Position Portfolios for Tariff Turmoil?
Jul 17, 2025
Alex Wright, a Global Wealth Strategist at Apollo, dives into the impact of tariffs on investment portfolios. He discusses current market volatility and how it creates opportunities for strategic asset allocation. The conversation highlights a shift towards private markets as traditional investments lose appeal due to high valuations. Wright also touches on the economic slowdown caused by rising tariffs and student loan payments, urging investors to reassess risk-return balances. Plus, a fun detour into his upcoming family trip to Greenland adds a personal touch!
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Markets' Retracement As A Gift
- Markets retraced tariff-related losses quickly, presenting investors an opportunity to rethink portfolios with new information.
- This "gift" allows reassessment of risks amid continued tariff volatility and other geopolitical risks.
Stagflation Creates Market Uncertainty
- The economy faces stagflation with slowing GDP growth but rising inflation due to tariffs and a weaker dollar.
- This conflicting outlook causes market volatility and uncertainty on Federal Reserve policy direction.
Reexamine Risk in Equities and Credit
- Current equity and credit market valuations offer little risk premium despite high uncertainty and stretched multiples.
- Investors should reconsider allocations as market complacency may pose downside risks amid weakening earnings growth.
