Special Report: Policy Uncertainty and Market Volatility
In Private Wealth Partners’ Fourth Quarter 2024 Review, we wrote about two possibilities within the incoming Trump administration.
There was the pro-business side, which could pursue policies of deregulation, infrastructure permitting and better fiscal management. Then there was the ‘distracted’ side, which could emphasize aggressive tariff policy, get mired in party infighting over tax and spending policies, or pursue an overly aggressive deportation approach.
At least for now, tariff policy appears to be drowning out any positive momentum coming from the pro-business side.
That being said, we think the odds of recession are still quite low, and we believe our well-designed portfolio structures—which emphasize income and stability as part of our core ethos—will endure well through this period.