In this timely conversation, Jack and Doug unpack the complex interplay between U.S. debt, the strength of the dollar, and shifting global trade dynamics.
Key Takeaways
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Dollar Dominance, But at a Cost: The U.S. remains the world’s financial anchor—but rising debt levels and a growing “trust premium” are pressuring real rates higher.
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China Blinks: Despite strong rhetoric, China returned to the negotiating table—driven by internal economic stress, from real estate losses to youth unemployment.
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Sentiment Divergence: While data shows continued hiring and consumer spending, CEO and consumer confidence remain muted—fueling market volatility.
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Strategy in Focus: With large-cap valuations stretched and earnings guidance murky, diversification across sectors and regions is key. Recession odds have eased slightly, but risks remain.
Watch the replay to hear Jack’s latest perspectives on market positioning, policy direction, and opportunities in a more fragmented global economy.
