29-06-2025
What Traders Have Gotten Wrong in 2025
Six months since Wall Street laid out its predictions for 2025, world conflicts and President Donald Trump's turbulent policy making have shattered assumptions about the strength and preeminence of US assets and the economy — leaving market favorites in tatters and conjuring unexpected winners.
As foreseen: swings in sovereign bond markets have been sharp, the Japanese yen rallied, and a comeback for emerging markets is finally materializing.
