Global markets are experiencing volatility due to Trump’s tariff policies, which are negatively impacting both his popularity and the U.S. economy. At the same time, there are encouraging developments elsewhere: European policymakers are moving toward relaxed fiscal rules and business-friendly regulations; China is responding with measured tariffs and ambitious fiscal policies; Japan maintains positive momentum; and other Asian economies continue to show strong growth and stability.

Given the mixed conditions, the recommended investment strategy balances offensive equity positions (with significant underweighting of U.S. markets until Trump’s policies shift) alongside defensive positions emphasizing duration and yen versus the dollar as hedges against continued policy missteps.

Read the Macro Update for March 2025

Alantra

Alantra is an international financial services firm with over 600 professionals representing 35 nationalities across 24 offices. Founded in 2001, Alantra provides alternative asset management, private capital and financial advisory services to companies, families and investors operating in the mid-market segment.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.