Asset Allocation

Asset class

Equity

Topic

1Q26 Earnings Update

Outlook

Strong

View

Positive

Risks

Market Volatility

– Update: May 2026 –

Asset class

Equity

Topic

Still Positive on US Equities

Outlook

Strong

View

Positive

Risks

Market Volatility

– Update: March 2026 –

Commodities

Impact of higher oil prices

February 2026

Equity

Earnings update

January 2026

Economics

Region

US

Reference Period

Feb 2026

Topic

Consumer Sentiment

Indicator

CB Confidence Index

Investment Implications

Recovery Signal

– Update: March 2026 –

Region

US

Reference Period

Jan 2026

Topic

Consumer Sentiment

Indicator

Michigan Sentiment Index

Investment Implications

Neutral

– Update: March 2026 –

–

–

–

–

–

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