“Equities have remained largely undaunted by a range of unsettling headwinds this year. While we reiterate our view that long-term Equity bull can continue to run, we’re also mindful of risks lurking in the shadows that could stir up some volatility. Developments that could potentially spook this market in the near-term include elevated trade tensions and the potential hit to earnings, concerns about the durability of AI spending and the outlook for monetization, and spillover effects of a prolonged government shutdown. While these risks are worth monitoring, they ultimately don’t alter our constructive view for Equities. Any related market volatility may present opportunities for investors to put dry powder to work as spooky season progresses.”
Morten W. Langer
