Top of the Morning: CIO Strategy Snapshot - Terminal values
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It’s been an active few weeks in financial markets as investors grapple with the potential for AI to disrupt business models across industries, along with whether the U.S. economy really is “running hot”. We discuss this all, and review CIO’s current allocation recommendations. F
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4 itemsTop of the Morning: CIO Strategy Snapshot - Starting with a bang
Top of the Morning: CIO Strategy Snapshot - Keeping it straight
Lead — The desk believes the current U.S. tariff announcements are likely to escalate market volatility and have significant ramifications for currency flows, particularly in relation to the USD. Per the full note from UBS, the markets are reacting negatively with S&P 500 futures declining around 1.5% immediately following the announcement. This negative sentiment is compounded by uncertainty surrounding AI investment trends due to developments related to DeepSeek. As traders assess these factors, positioning in key currency pairs may shift, reflecting broader risk aversion and liquidity constraints.