Tariff Shock & Recovery: Navigating Uncertainty with Real Assets and Resilience

Robeco’s Multi-Asset Strategy team analyzes market reactions to the US 'Liberation Day' tariffs, offering tactical insights into asset allocation amid shifting inflation dynamics and de-escalating trade risks.

Key Insights:

• Tariff Turbulence: US stocks underperformed despite a rebound; inflation remains sticky as companies pass on higher costs.

• Flight to Quality: Investment grade bonds and gold saw inflows; oil declined on recession fears despite OPEC actions.

• USD Outlook Dims: US Treasuries and the dollar failed to hedge downside; Robeco expects gradual global rotation out of US assets.

Access the full report for detailed asset allocation views and Robeco’s playbook for navigating the next phase of tariff-driven volatility.