Daniel Murray, Deputy Chief Investment Officer and Head of Global Research at EFG Asset Management: Despite economic resilience, seasonal support, and demand to replenish positions, investors still face significant risks. These risks include “the Federal Reserve's dovish stance may be weaker than current market views” and “delays in the effects of tariffs will cause inflation to rise for a longer period of time, and labor market rift will begin to widen.”

Daniel Murray, Deputy Chief Investment Officer and Head of Global Research at EFG Asset Management: Despite economic resilience, seasonal support, and demand to replenish positions, investors still face significant risks. These risks include “the Federal Reserve's dovish stance may be weaker than current market views” and “delays in the effects of tariffs will cause inflation to rise for a longer period of time, and labor market rift will begin to widen.”