Given the current economic backdrop, increasing exposure to global equities can be a sound strategy. The S&P World Index, which tracks the performance of stocks from 24 developed economies, has risen 19.8% over the past year and 4.53% quarter to date.The legal uncertainty surrounding the tariffs imposed by the Trump administration, a weakening greenback, and economic and political uncertainty are turning investors away from U.S. assets, driving them to diversify beyond the U.S. markets.Per data from LSEG Li ...

Investment Strategy - Thailand's Government Pension Fund anticipates that gold, commodities, and a global equities rally will fuel a recovery in its returns [1] - The fund aims to rebound from a poor performance in the first half of the year [1]

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Market Volatility & Trends - August 5th is statistically the most volatile day for U S stocks based on the average move in the VIX since 1990, but the current August shows calmness [1] - Summer markets typically drift higher but are prone to sudden sell-offs, sometimes due to inexplicable moves [3] - Positive price action at the beginning of the week should be viewed with caution due to lower trading volumes, with S&P 500 volumes being approximately 23% below the 22-day average [4] Catalysts & Concerns - Tariffs remain a slow-moving catalyst with potential for negativity [5] - The market is awaiting CPI data next week, anticipating a positive drift this week [6] - Concerns exist regarding material damage from last Friday's data and Trump's actions against bailout measures [6] Investment Strategy & Outlook - The speaker remains long-term bullish on global equities due to abundant liquidity worldwide, including increasing liquidity from China [7] - US stocks are expected to continue to underperform, a trend observed since the end of January [7] - There is a short-term window for a "Sell America" narrative in August due to shifting growth narratives, particularly negative for the US [8][9]

Market Outlook - Citigroup strategists predict a slowdown in global equities gains over the next 12 months [1] - The outlook is considered "highly uncertain," impacting earnings expectations [1]