A strategist said that, against the backdrop of trade policy uncertainty, it is prudent to keep tactical asset allocations closer to benchmarks than when there is more economic clarity.
The selloff came as investors repriced risk across equities amid fears of persistently higher rates, sparked by soft demand at the 20-year Treasury auction.
U.S. equities trading was mixed on Wednesday, with major indices showing limited movement by midday as investors remained cautious amid renewed concerns over fiscal policy, which pressured Treasury bonds and the dollar.
JPMorgan Chase & Co. CEO Jamie Dimon, who correctly flagged trouble before the 2008 Lehman Brothers collapse, is now cautioning that Wall Street's expectations for S&P 500 earnings growth could plummet from 12% to 0% as tariff impacts ripple through the economy.
BlackRock Inc. reaffirms U.S. assets as core to global portfolios despite Moody's downgrade and April's market drop. U.S. companies and AI drive bullish view.
