Tariffs Boost U.S. Treasuries as Safe-Haven Asset

U.S. Treasuries are expected to benefit from the implementation of tariffs, as they are considered a safe-haven asset. The report suggests that the U.S. dollar is likely to maintain its relative strength, while U.S. equities may face headwinds due to earnings revisions. The report also notes that the U.S. and global economies are expected to experience a slowdown, with the negative effects of tariffs persisting unless a large portion of them are exempted.

The report recommends that investors prioritize U.S. Treasuries for the second quarter, followed by the U.S. dollar and U.S. equities. The report suggests that the logic for investing in U.S. Treasuries is clear, as they are a safe-haven asset. The report also notes that the U.S. dollar is expected to maintain its relative strength, while U.S. equities may face earnings headwinds. If the U.S. economy slows down more than expected, U.S. equities could see a second round of declines.

Looking ahead to the second half of the year, the report suggests that as trade tensions continue to evolve, the impact on the U.S. and global economies will remain significant. The report also notes that unless a large portion of the tariffs are exempted, the negative effects on the U.S. and global economies will persist. The report suggests that U.S. Treasuries are likely to benefit from the implementation of tariffs, as they are considered a safe-haven asset. The report also notes that the U.S. dollar is expected to maintain its relative strength, while U.S. equities may face headwinds due to earnings revisions.

The report concludes that the U.S. and global economies are expected to experience a slowdown, with the negative effects of tariffs persisting unless a large portion of them are exempted. The report suggests that investors prioritize U.S. Treasuries for the second quarter, followed by the U.S. dollar and U.S. equities. The report also notes that the logic for investing in U.S. Treasuries is clear, as they are a safe-haven asset. The report suggests that the U.S. dollar is expected to maintain its relative strength, while U.S. equities may face earnings headwinds. If the U.S. economy slows down more than expected, U.S. equities could see a second round of declines.