City National Rochdale – Economic Outlook and Investment Strategy

Geopolitical stability: Despite heightened tensions, global markets demonstrate stability.

Revised growth forecast: U.S. GDP growth forecasts have improved due to clarity on tariffs and monetary policy. Impact on consumers: Service consumption remains strong, while spending on goods has slowed due to inflation. Global debt growth: An increase in debt levels is observed in many countries, which remains an important issue. Sentiment recovery: Consumer and business confidence has stabilized and is recovering. Discipline in stocks: A disciplined approach to stocks is recommended, considering potential market volatility. Strength of fixed income: Fixed income remains an important component of the portfolio, offering stability and resilience.