The past week has brought volatility back to the markets. Rising geopolitical risk coupled with fast paced changes in AI is likely resetting investor behavior. The attached piece addresses our latest insights into the escalating U.S.–Iran conflict and the effective closure of the Strait of Hormuz, with particular attention to the implications for global energy markets, inflation expectations, interest rates, and regional equity performance.
While geopolitical events can create short-term volatility, it is important to evaluate them within a broader market and economic framework. At this stage, our focus remains on monitoring developments carefully and assessing whether they meaningfully change our investment outlook.
We hope this overview is helpful as you follow the news.
