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What Could Go Right?

The first quarter of 2025 brought a notable shift in market conditions, driven by renewed geopolitical tension, shifting policy expectations, and deteriorating investor sentiment.

In this environment, it’s easy to focus on what can go wrong. But extreme pessimism often signals a turning point. In this update, we explore why now may be the time to start thinking about what could go right—and how we’ve positioned portfolios to remain resilient and responsive.