Expecting a hawkish cut from the Fed. More important is the dots for next year and any comments on balance sheet/liquidity injection. Even if hawkish, risk assets could still perform.

Expect pockets of weakness. Chair Powell will keep maximum optionality ahead of jobs data. Holistically, expect above-trend growth driven by fiscal stimulus and AI capex spend. Markets: not a linear upward trajectory; expect volatility across equities.

Expect continued dispersion among names. Important week for earnings, watching capex plans. Closely watching CDS markets for potential outperformance if GPU capacity announcements bring transparency.

Don't see a stop to US exceptionalism but have more diversification in portfolios, increasingly towards EM. Very bullish on India given government focus, GDP trajectory, and productivity gains.

Most geopolitical announcements have been positive on the margin. Increasingly about what concessions are made, what negotiations are taking place.

Re-upped GDP forecast on export announcements. Pragmatic five-year plan. Bullish but cautious. A lot of capital could be put to work as people have been underweight China, but geopolitics not fully resolved, pockets of volatility expected.

A little of both. Expecting some stealth performance, nothing aggressive. Less retail buying, more institutional focus. Expect Germany's fiscal plans to continue to put thrust behind European equities, but lacks same momentum/technicals as other markets.

Expect consumer to be better in US given tax stimulus, a big driver of GDP forecast.

Given valuations and late-cycle dynamics, this is exactly the kind of market where you put tail hedges into your portfolio. We like for risk owning the front end of the yield curve.