Since taking office, the Trump administration has ushered in a slew of proposed policies that have created a level of uncertainty having an impact on markets, and on the decision making of consumers and companies.

Markets are not short on information flow these days. The steady cadence of corporate earnings, economic reports, and Federal Reserve meetings has been disrupted by news around AI innovations and new tariffs.

The recent U.S. presidential election was unusually close, with Donald Trump winning exactly 50.0% of the popular vote. The political views of the candidates and their parties have become more divergent.

With election results showing Donald Trump has been elected President, stocks rallied on November 6th as concerns around an uncertain election outcome were abated.

As we close in on a week until election day, the outcome remains highly uncertain. It seems that each of the recent presidential elections has become more important than the previous one.

Over the past decade, Chinese stocks underperformed global peers, including the S&P 500, due to earnings declines and deteriorating levels of profitability.

Market prices already reflect lower interest rates from the Federal Reserve. As such, bond yields and fixed rate borrowing costs were little changed following the Federal Reserve’s decision to cut interest rates by 0.5% this past week.