Dahlgren Capital Market House View: Summer 2025 H1 dominated by TACO trades It has been a strange first half of 2025. Despite unprecedented American policy upheavals, US stocks – albeit after wild gyrations – are back to where they were. Bond yields have climbed a bit, but not too worryingly. Arguably, the only major financial development is a continuous slide … Read More

Dahlgren Capital Market House View: May Key Trends and Insights The great economic policy uncertainty makes it almost impossible to say anything clever about the future. The past month is clear evidence. In April, Donald Trump first proclaimed ”Liberation Day” with a salvo of tariff increases. Then he lowered them for most trading partners – but raised them for China, … Read More

Dahlgren Capital Market House View: April Key Trends and Insights President Trump has presented the US tariff strategy. The proposed measures are unfair, ill-considered and harmful. The stated duty rates are pure mishmash. They were supposed to be ”reciprocal” but are calculated on the basis of the US trade deficit against each individual country, without regard to trade in services … Read More

Dahlgren Capital Market House View: March Key Trends and Insights After the barrage of proposals, threats and arguments in recent weeks, uncertainty is monumental, as is visible in this graph from Capital Economics. Economic forecasting in such an environment is more or less impossible since so much hinges on political and geopolitical factors impossible to quantify.  Investment decision will, consequently, … Read More