Trump’s Tariffs Could Stall Growth Before 2026 Surge | Alfonso Peccatiello

Trump’s Tariffs Could Stall Growth Before 2026 Surge | Alfonso Peccatiello – Forward Guidance

Mentioned

Bullish

COMMODITIES— Commodities are viewed as a macro asset class and an inflation risk premium asset, making them attractive in the current economic environment.
HIGHBETA— High beta assets linked to nominal growth are recommended in an environment where the US is likely to run the economy hot.
EM— Emerging markets, particularly Eastern European equities, have shown strong performance and are considered attractive investments.
EUBANKS— European banks, especially in Italy, have undergone significant consolidation and improved productivity, making them attractive investments.
CRYPTO— The crypto market, particularly Bitcoin, is seen as interesting due to low volatility and potential for strong returns in the current environment.

Bearish

USBONDS— Longer-dated US bonds are viewed negatively in the current economic environment, which favors nominal growth assets over paper assets.

Not investment advice.