Clear Harbor Outlook for 2025 Q3
The second quarter of 2025 proved that policy uncertainty is not a passing feature of the contemporary investment landscape: on the contrary, it all but defines the landscape. Defeating earlier hopes that pro-growth policies might usher in a return to macroeconomic normalcy, a sweeping new wave of U.S. trade actions in early April jolted global markets, sending equities into correction territory and creating sharp dislocations in fixed income and currency markets.