Monday Macro: End-of-(1st)-quarter asset allocation thoughts
Putting it all together in asset allocation terms. Big changes are reducing EM equities, increasing bond exposure and European equities
Programming note: I will be away next week in Naples and Capri (around March 31st), so there will be no letters next week. Any suggestions for places to visit are most welcome!
As we approach the end of the first quarter of 2025, I thought I’d combine some disparate strands of the macro big picture, including geopolitics, in this letter and restate some …
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