In his latest report, Ronald Temple, Chief Market Strategist at Lazard Asset Management, notes that the U.S.-Iran framework agreement has extended the ceasefire and reduced the risk of renewed large-scale hostilities, although normalising shipping through the Strait of Hormuz is likely to take months and key issues remain unresolved. The report also highlights a more hawkish Federal Reserve outlook and continued weakness in China’s economy, with meaningful structural reforms needed to support a sustained recovery.
Lazard Asset Management serves as the Portfolio Manager of the Caldwell-Lazard CorePlus Infrastructure Fund.
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