Insights Trump, Xi Call A Cease-Fire on Trade

Holly H. MacDonald

Dec 03, 2018

Highlights

  • A trade-war "cease-fire" between U.S. and China, following somewhat more dovish Federal Reserve comments last week, suggests a more supportive tone for risk markets into year-end
  • That said, a three-month U.S.-China negotiating window seems short in light of the myriad complex issues to be resolved; we expect more short-term volatility as investors assess progress (or lack thereof) into March
  • For now, we do not see reason to materially adjust asset allocations; however, we continue to closely monitor risks

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Holly MacDonald
Chief Investment Strategist
Holly is responsible for performing in-depth macroeconomic research and financial market analysis, as well as asset allocation and strategy recommendations to help optimize client portfolios.