Insights

SignalPlus Macro Analysis Special Edition: The Times They Are a-Changin' Trump ’s second term is approaching its 100th day, but the geopolitical landscape has changed dramatically from just a few months ago. Correlations between assets are breaking down, capital flows are moving in opposite directions, and Bitcoin is (finally) starting to diverge from stocks. The president has even threatened to treat the Fed chair like a contestant on The Apprentice, while large U.S. endowments are dumping illiquid private equity assets at the industry’s most difficult time. Have we truly reached a critical turning point in financial history?