363. Is US exceptionalism over? Global markets rebalance

The past quarter saw markets rattle and rebound in quick succession, sparked by dramatic tariff announcements and unexpected reactions from both equities and bonds. In our next quarterly instalment with Darius McDermott and Juliet Schooling Latter, we explore the causes and implications of this volatility, whether US exceptionalism is losing its shine, and how investors are reacting to shifting global dynamics. We also discuss renewed interest in European and Latin American markets, the resilience of global small-caps, and why diversification could be making a comeback.

What’s covered in this episode: 

• What triggered recent market volatility?
• Trump’s tariffs and US bond markets
• Can US exceptionalism continue?
• What the weak dollar means for the future
• Are we seeing a regional rotation in markets?
• Strong performance in Europe and Latin America
• The appeal of emerging markets
• Are we seeing a turn in UK small-cap sentiment?
• What’s changed the outlook for UK companies?
• What should investors expect in terms of rate cuts?
• Is inflation coming down? 
• Risks and opportunities for the second half of the year

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Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.