MFS’s July 2025 equity insights, led by strategist Ross Cartwright, underscore the critical role of consumer health in shaping equity returns across developed markets.
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US consumers remain resilient, though cracks are emerging among lower-income groups as higher rates bite into disposable income—while the top 25% still drive 40% of spending.
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Europe and Japan offer upside surprises, with improving loan growth, equity markets, and wages pointing to recovering consumption.
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Sector impact varies: Staples, healthcare, and utilities offer defensive positioning, while global discretionary stocks may benefit from regional turnarounds.
Are your equity allocations aligned with shifting global consumer dynamics? Dive into the full report for regional breakdowns and strategic implications.
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