Week of August 4, 2025
President Trump’s response to Russia’s saber-rattling in Ukraine (nuclear threat?), along with recent U.S. strikes in Iran, reflects a pattern of assertive action aimed at reducing global conflict. While controversial, this approach appears intended to deter aggression and stabilize international relations. From a financial markets perspective, if these efforts succeed in reducing geopolitical risk, the result could be more favorable conditions for valuing financial assets. Lower global uncertainty tends to support stronger valuation metrics. Our Signals remain unchanged.
Bob Bilkie, CFA
