In this episode, our Investment Research team explores what recent developments in tax reform, U.S. trade and fiscal policy may mean for investors.
Join Senior Vice President of Investment Research Andrew Korz and Investment Research Associate Alan Flannigan as they explore what the latest developments in tax reform, trade policy and fiscal policy mean for the U.S. fiscal outlook and economy. They dive into the latest edition of Mapping the Markets and provide clarity on what it means for investors.
[00:00:00] Alan Flannigan: There are decades where nothing happens and there are weeks where decades happen. Right now, it very much feels like we’re experiencing the latter. Major tax reform is moving. The US is leading an upheaval of the global trade order. And amidst this backdrop, markets may be telling us the time has officially arrived to be concerned about the US fiscal outlook.
What does this critical inflection point mean for the economy and how investors should allocate today?
As mentioned in the introduction, what’s driving markets today are the tariff and trade developments and concerns regarding fiscal sustainability, which are increasing as a result of the current tax bill moving through Congress. In today’s discussion, we’ll build upon the analysis we provided in Q2 edition of mapping the markets.
In mapping the markets, we highlight the charts and data we believe are most timely and relevant for investors, sharing our views across macro and rates, as well as public markets, private equity, private credit, and real estate. It’s a detailed expression of how we think about these markets, and importantly, always focusing on you, the investor.
[00:01:07] Alan Flannigan: To start the conversation, I’d like to bring in our leader in research, someone who’s a disciple of his profession as a market analyst, leading efforts across everything we do, and especially in the area of macroeconomics, which is what we’ll primarily focus on today. Andrew Korz. Welcome.
[00:01:21]Andrew Korz: Hey, Alan. Thanks for that, very nice intro. I appreciate it. Of course.
