In this quick market update, we discuss how the recent rally has erased many of this year’s earlier losses and how we’re using this opportunity to reduce risk and thoughtfully rebalance portfolios. We cover key shifts in our positioning — including trimming U.S. equity exposure, rotating toward high-conviction themes like AI, and adjusting our international and emerging market allocations. We also touch on how we’re managing interest rate and inflation risks within fixed income. As always, our focus remains on long-term fundamentals while staying flexible in a headline-driven market.
