2025: Q2 Macro Review
Q1 2025 saw sharp divergence in global equities. US markets faltered due to trade tensions, inflation worries, and tech sector shifts, posting their worst quarter in three years as investors favored traditional sectors. Conversely, European and UK equities thrived, supported by increased defense spending and economic stability. South Africa led globally on precious metals and resources. China rebounded with stabilization, stimulus, and AI optimism, despite structural issues. Overall, emerging markets outperformed developed markets, boosted by...
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