Divergence Ahead: Strong Markets, Weak Growth, and Tariff Tensions

Employment Trends and Economic Signals The U.S. June employment report surprised to the upside, with nonfarm payrolls rising by 147,000 and the unemployment rate falling… More

Commentary from our Partners at Lazard: U.S. Tariff Update: End of Reciprocal Tariff Pause

Comprised of some of the world’s most experienced geopolitical minds and business experts, Lazard Geopolitical Advisory provides strategic insights and bespoke analyses to help clients… More

Commentary from our Partners at Lazard: U.S. Strikes Iran

Comprised of some of the world’s most experienced geopolitical minds and business experts, Lazard Geopolitical Advisory provides strategic insights and bespoke analyses to help clients… More

Behind the Headlines, June 2025 – Lazard Asset Management

In this report, Lazard Asset Management reviews a week of steady central bank decisions from the Fed, BoE, and BoJ amid ongoing geopolitical uncertainty. It… More

Commentary from our Partners at Lazard: Israel-Iran Conflict Escalation: Geopolitical & Market Risks

Comprised of some of the world’s most experienced geopolitical minds and business experts, Lazard Geopolitical Advisory provides strategic insights and bespoke analyses to help clients… More

Trade Shifts, Fiscal Turns, and Market Implications

Trade Deal and Inflation Implications U.S. Treasury Secretary Scott Bessent has assumed a more visible role in articulating the Administration’s trade policy. The first major… More

Commentary from our Partners at Lazard: Updated Perspectives on U.S. Trade Policy & Negotiations

Comprised of some of the world’s most experienced geopolitical minds and business experts, Lazard Geopolitical Advisory provides strategic insights and bespoke analyses to help clients… More

The Trump Put: Volatility, Tariffs, and Central Bank Caution

Market Volatility and Forced Liquidations Recent market volatility has intensified, characterized by sharp, simultaneous declines in equities, bonds, and commodities. This broad-based selling suggests forced… More

Commentary from our Partners at Lazard: Implications of the April 2nd U.S. Tariffs on Global Trade and Growth

On April 2, President Donald Trump announced hikes that bring U.S. tariffs to their highest levels in over a century and exceeding rates reached under… More

The Fast-Changing Landscape

U.S. and Global Growth Downgrades The Atlanta Fed’s First Quarter (Q1) GDPNow (a nowcast of GDP = gross domestic product) fell from 3.9% in late… More

U.S. Tariff Policy – A Critical Month Ahead – Lazard Asset Management

In this report, Lazard Asset Management breaks down U.S. Tariff Policy – highlighting key sectors and unpacking what it all means for markets and businesses…. More

Shifting Sentiment and Rising Uncertainty

U.S. Economic Outlook Weakens The Atlanta Fed’s GDPNow estimate for the first quarter of 2025 (Q1) has dropped from 3.9% to 2.3% as of February… More