Wellington on Washington and the World

Inflation Interest rates Wellington on Washington and the World Content CoE Program Global Program Multi-asset Fiscal policy Asset allocation Article

One Big Beautiful Bill: Why it’s “buy now, pay later” for markets

Multi-Asset Strategist Nanette Abuhoff Jacobson weighs the near-term benefits of the recently enacted US tax and spending bill against the longer-term costs, and suggests several investment implications.

By

Nanette Abuhoff Jacobson

event July 2025

4 min

Article

2026-07-31

Economic cycle Fiscal policy Wellington on Washington and the World Content CoE Program Global Program USA Article

Weighing the economic winners and losers of the One Big Beautiful Bill Act

Macro Strategist Juhi Dhawan unpacks the impact of One Big Beautiful Bill Act, including its potential effect on economic growth, corporate earnings, and the US government deficit and debt.

By

Juhi Dhawan, PhD

event July 2025

7 min

Article

2026-07-31

European Union flags waiving at Berlaymont building of the European Commission in Brussels, Belgium

Europe Macro and market Wellington on Washington and the World Wealth Program Fiscal policy Geopolitics Macro Market disruptions Article

Fiscal versus tariffs: what wins out for Europe?

Just as investors were starting to explore the potential for growth in Europe, Trump’s tariffs landed. To what extent is the case for Europe still intact?

By

Eoin O'Callaghan

event April 2025

3 min

Article

2026-04-30

China Market disruptions Wellington on Washington and the World Content CoE Program Global Program USA Article

How China can offset the tariff shock

Macro Strategist Johnny Yu details the approaches Beijing could take to offset the tariff shock, from fiscal strategies to potential retaliatory measures to concessions that Washington may welcome.

By

Johnny Yu, CFA

event April 2025

7 min

Article

2026-04-15

Macro and market Inflation Wellington on Washington and the World Content CoE Program Global Program USA Article

Early thoughts on historic hike in US tariffs

Macro Strategist Michael Medeiros explores the significant economic and market implications of the latest US tariffs, highlighting potential recession and inflation spikes, and the impact on global trade relations.

By

Michael Medeiros, CFA

event April 2025

4 min

Article

2026-05-31

Macro and market Portfolio strategy Wellington on Washington and the World Wealth Program Article

What do tariffs mean for portfolios?

Tariffs exceeded market expectations. Now what? Expect short-term volatility, identify concentrations and consider using sell-offs as an entry point to diversify across regions and styles, says Nanette Abuhoff Jacobson, Global Investment and Multi-Asset Strategist.

By

Nanette Abuhoff Jacobson

event April 2025

3 min

Article

2026-05-31

Macro and market Inflation Wellington on Washington and the World Content CoE Program Global Program USA Article

Could “Liberation Day” trigger a shift in capital flows?

John Butler discusses groundbreaking US tariffs, their impact on capital flows, and the changing investor perception of the US and Europe.

By

John Butler

event April 2025

3 min

Article

2026-05-31

Health care Macro and market Fiscal policy Content CoE Program Global Program USA Inflation Wellington on Washington and the World Article

Shrinking the government footprint: Medicaid cuts and America’s economic health

Macro Strategist Juhi Dhawan looks at what changes to the mammoth US Medicaid program could mean for economic growth, employment, inflation, and financial markets.

By

Juhi Dhawan, PhD

event March 2025

8 min

Article

2026-03-31

Chart in Focus Equity Asset allocation Content CoE Program Global Program iStrat Europe Wellington on Washington and the World Tactical allocation Infographic

Chart in Focus: how sustainable is Europe’s rally?

Is the recent rally in European equities sustainable? In this edition of our Chart in Focus series, we explore the potential path ahead.

Multiple authors

event March 2025

4 min

Infographic

2026-03-31

USA Macro and market Inflation Content CoE Program Global Program Wellington on Washington and the World Innovation Article

Shrinking the government footprint: Deregulation and the US economy

Macro Strategist Juhi Dhawan shares her view on the economic effects of the Trump administration’s efforts to slash red tape, including the impact on growth and inflation, as well as some of the potential drawbacks of this approach.

By

Juhi Dhawan, PhD

event March 2025

5 min

Article

2026-03-31

Macro and market Geopolitics Tactical allocation Content CoE Program Global Program iStrat Multi-asset Wellington on Washington and the World Article

The US equity rotation: Where have all the good vibes gone?

After riding into 2025 on a wave of post-election euphoria, the US stock market has struggled to find its footing so far this year. Global Investment and Multi-Asset Strategist Nanette Abuhoff Jacobson looks at what’s changed in the markets and what it might mean for investors.

By

Nanette Abuhoff Jacobson

event March 2025

4 min

Article

2026-03-31

Deutschland, Berlin, Blick vom Marie-Elisabeth-Lüders Haus über die Spree auf den Reichstag und Paul-Löbe-Haus bei Sonnenuntergang

Germany Elections Wellington on Washington and the World Content CoE Program Global Program Article

A pivotal election result for Germany and Europe

Macro Strategists Eoin O’Callaghan and Nicolas Wylenzek share their initial observations on what the pivotal Federal election results in Germany could mean for investors.

By

Eoin O'Callaghan

Nicolas Wylenzek

event February 2025

5 min

Article

2026-02-28

USA Fixed income Fiscal policy Content CoE Program Global Program Wellington on Washington and the World Government bonds Article

US debt dynamics: Is there a path to sustainability?

How worried should investors be about US debt sustainability? Macro Strategist Michael Medeiros discusses the implications of soaring US federal budget deficits and the likely bond market response.

By

Michael Medeiros, CFA

event February 2025

5 min

Article

2026-02-28

USA Inflation Interest rates Content CoE Program Global Program Elections Macro Article Wellington on Washington and the World

The US immigration crackdown: Weighing the economic implications

As the details of new US immigration policies come into focus, Macro Strategist Juhi Dhawan considers the risks they may pose for the labor market and the broader economy.

By

Juhi Dhawan, PhD

event February 2025

7 min

Article

2026-02-28

Geopolitics Climate Wellington on Washington and the World Content CoE Program Global Program Elections Article

Geopolitics in 2025: Risks, opportunities, and deepening uncertainties

Geopolitical Strategist Thomas Mucha outlines his structural, policy, and geopolitical outlook for the year.

By

Thomas Mucha

event February 2025

8 min

Article

2026-02-28

USA Elections Geopolitics Content CoE Program Global Program Wellington on Washington and the World Article

It’s different this time: Trump faces challenging geopolitical dynamics

Our expert explores how Trump may approach the heightened geopolitical challenges his second administration faces.

By

Thomas Mucha

event November 2024

3 min

Article

2025-11-30

USA Elections Tactical allocation Content CoE Program Global Program Wellington on Washington and the World Multi-asset iStrat iStrat Video

What do the US election results mean for investors?

The US election results could have significant implications for the global economy and capital markets. Our panel of experts provides a thorough analysis of what happened and explores potential market impacts.

Multiple authors

event November 2024

Video

2025-11-30

USA Elections Wellington on Washington and the World Content CoE Program Global Program Multi-asset Article Sourced Group (iSci, iStrat)

Trump win likely to accelerate macro trends already in motion

The US election results could have significant implications for the global economy and markets. To help you understand these changes, US Macro Strategist Mike Medeiros provides a thorough analysis and discusses the potential market impacts.

By

Michael Medeiros, CFA

event November 2024

5 min

Article

2025-11-30

Elections Market commentary Multi-asset Content CoE Program Global Program Wellington on Washington and the World Americas Discretionary Article

Pre-election ideas for investors: Lean into what you know (not what you don’t)

Our expert offers investable ideas based on known macro and market conditions, rather than speculation.

Multiple authors

event October 2024

3 min

Article

2025-10-31

USA Elections Tactical allocation Wealth Program Wellington on Washington and the World Article iStrat

The US elections through the eyes of a European investor

Supriya Menon, Head of Multi-Asset Strategy – EMEA, explores what potentially material implications upcoming US elections could have for European investors and identifies key areas to monitor closely.

By

Supriya Menon

event September 2024

7 min

Article

2025-09-30

USA Elections Tactical allocation Wealth Program iStrat Geopolitics Wellington on Washington and the World Multi-asset Article

Four investment perspectives amid a pivotal US election

How can investors reposition portfolios for a pivotal but highly unpredictable US elections? Nick Samouilhan explores potential avenues in conversation with three leading portfolio managers.

Multiple authors

event September 2024

6 min

Article

2025-09-30

Economic cycle Elections Geopolitics Content CoE Program Global Program Wellington on Washington and the World USA Article

Harris vs Trump: The foreign policy and investment implications

Our expert examines expected Harris and Trump foreign policies and their potential impact on the investment landscape.

By

Thomas Mucha

event August 2024

4 min

Article

2025-02-28

Elections Inflation Interest rates Institutional Program Credit Government bonds Fixed income Americas Wellington on Washington and the World Article

Are US election probabilities now a critical driver of bond yields?

Our expert argues that the US election remains a critical catalyst for the bond market given the contrast between both parties as it relates to supply side policies such as trade and immigration, and to policy differences around taxation and regulation.

By

Michael Medeiros, CFA

event July 2024

3 min

Article

2024-11-30

Elections France Equity Wealth Program Wellington on Washington and the World Geopolitics Fundamental equity Article

Surprise French election result: what does it mean for investors?

Macro Strategist Nick Wylenzek and Investment Director Thomas Kramer discuss the surprise French election and its implications for European equities.

By

Nicolas Wylenzek

Thomas Kramer

event July 2024

4 min

Article

2025-07-31

Elections Asset allocation Growth India Equity EM equity Wellington on Washington and the World Article

As India goes to the polls, is the case for Indian equities still compelling?

While current Prime Minister Narendra Modi is expected to secure a third term, a full-scale win is not a foregone conclusion. Against this backdrop and continued investor enthusiasm for Indian equities, Equity Portfolio Manager Niraj Bhagwat and Investment Director Philip Brooks assess the macro case for India. Are higher valuations justified?

By

Niraj Bhagwat

Philip A Brooks, CFA

event May 2024

6 min

Article

2025-06-30

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