📊 Stormy Markets

Good Morning Investors,

A storm of macro risks continues to hang over small caps. Rate cut uncertainty, geopolitical trade tensions, and potential new tariffs are all weighing on sentiment. Yet amid the overcast skies, one trend is breaking through, AI.

Tariff concerns remain front and center, with proposals targeting countries like India and potential ripple effects across industries—including luxury goods and manufacturing.

Small-cap investors should keep a close eye on evolving trade dynamics, which could reshape competitive pressures in the months ahead.

Matthias Schneider
Editor at Analytica Investor