‘Quiet Quitting’ of US Assets
Cautious diversification, geopolitical unease and better value elsewhere are nudging portfolios in new directions.
Well... we finally made it to February! As we wrestle with the ups and downs of the year so far, we thought we’d set the stage with a quote from European Union Commission President Ursula von der Leyen, who laid out her views on the state of the world in a speech on Jan. 21.
“The shift in the international order is not only seismic but it is permanent,” she said. “And the sheer speed of change far outstrips anything we have seen in decades. We now live in a world defined by raw power, whether economic or military, technological or geopolitical. And while many of us may not like it, we must deal with the world as it is now.” And so, she then argued, Europe needs to speed up its push for independence.