{"id":23824,"date":"2024-02-26T15:54:29","date_gmt":"2024-02-26T15:54:29","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/?page_id=23824"},"modified":"2026-05-20T18:03:08","modified_gmt":"2026-05-20T18:03:08","slug":"global-insights-from-rbc","status":"publish","type":"page","link":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/global-insights-from-rbc","title":{"rendered":"Global insights from RBC"},"content":{"rendered":"\n<div class=\"wp-block-rbcwm-hero-block rbc-hero-wm rbc-hero-has-image-bleed rbc-hero-overlap rbc-hero-overlap-mobile rbc-hero-8peyzq89v hide-mobile-energy-lines\"><style>\n\t\t.rbc-hero-8peyzq89v.is-style-rbc-hero-gradient::before {\n\t\t\tbackground: linear-gradient(90deg, #023169 20%, rgba(94, 120, 131, 0) 60%);\n\t\t}\n\n\t\t.rbc-hero-8peyzq89v.is-style-rbc-hero-gradient.rbc-hero-has-image-bleed::before {\n\t\t\tbackground: linear-gradient(90deg, #023169 20%, rgba(94, 120, 131, 0) 60%);\n\t\t}\n\n\t\t.rbc-hero-8peyzq89v.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom::before {\n\t\t\tbackground: linear-gradient(180deg, #023169 20%, rgba(94, 120, 131, 0) 60%);\n\t\t}\n\n\t\t.rbc-hero-8peyzq89v .rbc-hero-energy-lines.rbc-hero-energy-lines-left {\n\t\t\ttransform: scaleX(-1);\n\t\t}\n\n\t\t@media (max-width: 991px) {\n\t\t\t.rbc-hero-8peyzq89v.is-style-rbc-hero-gradient::before,\n\t\t\t.rbc-hero-8peyzq89v.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom::before,\n\t\t\t.rbc-hero-8peyzq89v.is-style-rbc-hero-gradient.rbc-hero-has-image-bleed::before {\n\t\t\t\tbackground: none;\n\t\t\t}\n\n\t\t\t.rbc-hero-8peyzq89v.rbc-hero-has-image-full.hide-mobile-energy-lines .rbc-hero-energy-lines {\n\t\t\t\tdisplay: none;\n\t\t\t}\n\n\t\t\t.wp-block-rbcwm-hero-block.rbc-hero-8peyzq89v.is-style-rbc-hero-gradient .rbc-hero-img-wrap::after {\n\t\t\t\tbackground: linear-gradient( 0deg, #023169 0%, rgba(94, 120, 131, 0) 25% );\n\t\t\t}\n\t\t\t\n\t\t\t.wp-block-rbcwm-hero-block.rbc-hero-8peyzq89v.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom .rbc-hero-img-wrap::before,\n            .wp-block-rbcwm-hero-block.rbc-hero-8peyzq89v.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom .container .rbc-hero-img-wrap::before {\n\t\t\t\tbackground: linear-gradient( 180deg, #023169 0%, rgba( 94, 120, 131, 0 ) 25% );\n\t\t\t}\n\t\t\t\n\t\t\t.wp-block-rbcwm-hero-block.rbc-hero-8peyzq89v.is-style-rbc-hero-gradient .rbc-hero-card {\n\t\t\t\tbackground: #023169;\n\t\t\t}\n\t\t}\n\t<\/style><div class=\"container\"><div class=\"row no-gutters\"><div class=\"col-lg-7 rbc-hero-card-content\"><div class=\"rbc-card rbc-hero-card rbc-hero has-content\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body\"><div class=\"rbc-hero-body-content\"><h1 class=\"rbc-hero-title\"><span>Global insights from RBC<\/span><\/h1><div class=\"rbc-hero-breadcrumb link-chev-left\"><div class=\"rbc-icon mr-half\"><i aria-hidden=\"true\" role=\"img\" class=\"rbc-icon-img fal fa-angle-left\" style=\"color:#006ac3\"><\/i><\/div><span style=\"color:#006ac3\"><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/\" data-type=\"page\" data-id=\"316\">Home<\/a><\/span><\/div><hr class=\"rbc-hero-hr hr-mini bdr-accent\"\/>\n<p class=\"is-style-hero-subtitle\">Read the latest news and analysis from Royal Bank of Canada<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"rbc-hero-img-wrap col-lg-5 order-2 order-lg-1\"><div class=\"rbc-hero-img bleed-img-right  \" style=\"background-image:url(https:\/\/www.rbcwealthmanagement.com\/assets\/wp-content\/uploads\/wme\/uk\/RBC-Building-5-large_1920x700px.jpg?w=1600)\"><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block rbc-block rbc-block-grey has-block-grey-background-color has-background\"><div class=\"container\"><div class=\"row \"><div class=\"col-lg-12\">\n<div class=\"wp-block-rbcwm-media-card-columns row\">\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Tariffs: A revenue win \u2013 but not a deficit fix<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">After a year of uncertainty, tariff rates have stabilised at lower levels than feared \u2013 and become a significant U.S. government revenue source. We assess the tariff landscape ahead of the Supreme Court\u2019s important ruling.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/tariffs-a-revenue-win-but-not-a-deficit-fix\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Can Europe meet the moment?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The euro area defied expectations in 2025, delivering growth amid a challenging environment. Yet beneath this resilience, Europe has started to redraw its economic and strategic maps.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/can-europe-meet-the-moment\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Trump Warshes his hands of Powell<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">President Donald Trump\u2019s campaign to get rid of Fed Chair Jerome Powell culminated in the most likely outcome \u2013 simply nominating a replacement. With Kevin Warsh on track to be the next chair, we look at the potential economic and market impacts.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/trump-warshes-his-hands-of-powell\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Big\u00a0Tech\u2019s AI expansion: From investment to scalable returns<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">AI investment has more runway ahead, in our view. A shift toward monetisation, return on investment and enterprise applications strengthens the case for diversifying beyond Big Tech to capture broader opportunities.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/big-techs-ai-expansion-from-investment-to-scalable-returns\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The \u2018Great Narrowing\u2019: S&amp;P 500 concentration<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Over the past decade, the S&amp;P 500, which has historically been viewed as a balanced cross-section of the U.S. economy, has slowly transformed into a tech- and AI-dominated index. We believe this \u201cGreat Narrowing\u201d should be top of mind for investors.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-great-narrowing-sp-500-concentration\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Setting the stage for a sustainable Chinese equity rally<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Last year saw positive market results despite many naysayers. Can this rally extend into 2026? In this article, we examine China\u2019s policy stance, economic fundamentals and equity market implications to find answers.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/setting-the-stage-for-a-sustainable-chinese-equity-rally\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>U.S. equity returns in 2025: Record-breaking resilience<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">U.S. stocks powered through tariff turbulence on the way to all-time highs. But it\u2019s only natural to question whether the three-year winning streak can be extended. We look at what drove equities in 2025 and how prospects for 2026 are shaping up.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/us-equity-returns-in-2025-record-breaking-resilience\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Executive summary: Global Insight 2026 Outlook<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The future is here \u2026 and gathering speed. We share key insights from our Global Insight 2026 Outlook, highlighting the forces likely to shape financial markets as well as potential investment opportunities for the year ahead and beyond.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/executive-summary-global-insight-2026-outlook\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The Fed takes a turn down easy street<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Another rate cut from the Federal Reserve this week has taken U.S. interest rates into a new era where we think every rate cut not only means that policy gets easier, but risks becoming too easy, all while the decisions only get harder.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-fed-takes-a-turn-down-easy-street\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>S&amp;P 500 rally: When a rising tide lifts some boats more than others<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The rally in 2025 and throughout the longer bull market cycle has been uneven with the largest of large-cap stocks dominating. Key charts illustrate this phenomenon, and we discuss how to factor this into portfolio strategies.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/sp-500-rally-when-a-rising-tide-lifts-some-boats-more-than-others\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Building on a narrow base<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Long-term economic trends have left the U.S. economy increasingly reliant on spending by upper-income households. We unpack the potential implications for economic stability and Federal Reserve policymaking.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/building-on-a-narrow-base\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Power tools<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The White House has made broad interpretations of existing legislative authority to make unilateral policy moves. We examine how this centralised ad hoc decision-making raises structural concerns and how the economic policy framework may evolve.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/power-tools\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The U.S. dollar in transition: Cyclical volatility meets structural shifts<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The greenback\u2019s volatile year underscores the interplay between cyclical drivers and longer-term valuation challenges \u2013 factors that could have implications for global equity leadership.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-us-dollar-in-transition-cyclical-volatility-meets-structural-shifts\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Five disruptors to the U.S.\u00a0economic cycle<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">We\u2019re increasingly of the view that a series of disruptions are masking a very real cyclical U.S. economic slowdown underneath the surface.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-asia\/insights\/five-disruptors-to-the-us-economic-cycle\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The Fed raises the bar for lower rates<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Despite a second consecutive rate cut, a hawkish turn from the Fed supports our view that it\u2019s on hold until at least 2026. While that may have previously caused market turbulence, investors seem content with the idea the Fed has already done enough.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-fed-raises-the-bar-for-lower-rates\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>U.S. Recession Scorecard: Stuck \u2026 with reduced visibility<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The scorecard indicators remain mixed, including a shift in the yield curve indicator. The government shutdown has limited employment data, confirming a cautious investment approach is needed, as ongoing policy and trade shifts affect the economy.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/us-recession-scorecard-stuck-with-reduced-visibility\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>AI\u2019s big leaps in 2025<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">AI is seldom out of the headlines in 2025, with defining developments coming one after another. We look at where AI is today and how its promise is matched against technological, economic, and geopolitical challenges.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/ais-big-leaps-in-2025\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>How BRICS sees the world<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Amid changes in the geopolitical order, the BRICS association is attempting to chart a new course. This article explains why its members \u2013 including the Eurasian troika of China, Russia, and India \u2013 believe a new multipolar world order is inevitable.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/how-brics-sees-the-world\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The numbers behind U.S. tariffs<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Collections from U.S. tariffs are surging. As legal uncertainty looms and costs gradually pass through, balancing resilient corporate fundamentals against policy risks remains crucial for portfolio positioning.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-numbers-behind-us-tariffs\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Fed rate cut buys U.S. time, but no quick fix to debt<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">One clear winner from the Fed\u2019s 25 basis point rate cut was the U.S. Treasury, which can roll over maturing debt at lower costs. Lower rates alone, however, are unlikely to make the country\u2019s fiscal policy sustainable.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/fed-rate-cut-buys-us-time-but-no-quick-fix-to-debt\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Six rate cuts in search of a reason<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">With the Fed poised to lower overnight interest rates next week, we think investors may be disappointed with what lowering rates is likely to accomplish. We look at the potential asset-class implications if the Fed moves too aggressively.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/six-rate-cuts-in-search-of-a-reason\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Will the economy\u2019s 2025 resilience continue?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">After outpacing cautious expectations in the first half of the year, the global economy could face new challenges from trade policy uncertainty and inflation over the coming months.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/will-the-economys-2025-resilience-continue\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Nothing new about September slides for stock markets<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Equity investors have long dreaded September. But we provide some context as to why stocks tend to sag in the month and explain why investors should keep their eye on the long-term ball when it comes to portfolio positioning.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/nothing-new-about-september-slides-for-stock-markets\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Life reimagined: The biotech revolution and longevity<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">There\u2019s more to a long life than simply a long lifespan. The number of years we spend in good health, or healthspan, is key. With biotech spurring promising medical innovations, we look at how it can fit into investment portfolios.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/life-reimagined-the-biotech-revolution-and-longevity\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Europe summer 2025: Headlines galore<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Europe has seen heavy news flow this summer. We look beyond the headlines to identify what we believe are attractive areas of the European equity market.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/europe-summer-2025-headlines-galore\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Tech steals the Q2 earnings show<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">There are more positive than negative aspects of the Q2 S&amp;P 500 earnings season. But there are some nuances within the Information Technology sector data that we think call for restraint.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/tech-steals-the-q2-earnings-show\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Transmission framework: How tariffs will flow through the U.S. economy<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">As U.S. tariff policy continues to evolve, investors are facing more questions than answers. RBC Economics provides a roadmap on when and where tariffs will start to impact the U.S.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/transmission-framework-how-tariffs-will-flow-through-the-us-economy\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>A central bank at rest tends to stay at rest<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The Federal Reserve held rates steady once again, but with the added wrinkle of a hawkish outlook \u2013 likely pushing back the timing of any rate cut even further.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/a-central-bank-at-rest-tends-to-stay-at-rest\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>A market that costs a pretty penny<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">We discuss key factors that have pushed the S&amp;P 500\u2019s valuation back up to lofty levels and how investors should weigh this in the portfolio decision-making process.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/a-market-that-costs-a-pretty-penny\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>One Big Beautiful Bill Act: Beauty is in the eye of the beholder<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">President Trump\u2019s mega-legislation brings pro-growth, investor- and business-friendly measures but also puts greater strain on the already very high federal debt. We look at the highlights and lowlights before assessing the potential economic impact.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/one-big-beautiful-bill-act-beauty-is-in-the-eye-of-the-beholder\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>One year in: The Labour Party\u2019s report card<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">For the Labour Party, restoring sustainable growth was always going to be challenging. A year on and the UK economy remains fragile, yet some investors may find the UK still offers some rich pickings.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/one-year-in-the-labour-partys-report-card\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>H1 2025 equity recap: Business as unusual<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">While the stock market narrative may sound familiar \u2013 U.S. equities navigating waves of volatility on the way to new highs \u2013 the environment certainly was not. We examine four catalysts that held sway over performance and what lies ahead for investors.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/h1-2025-equity-recap-business-as-unusual\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Gold&#8217;s regime change?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The longstanding inverse relationship between gold and real interest rates seems to have broken down, suggesting new forces \u2013 central bank buying, geopolitical uncertainty, and portfolio diversification \u2013 have a larger role in driving demand for bullion.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/golds-regime-change\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Another round of the Fed\u2019s waiting game<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Inflation remains calm in 2025, but tariff-related price hike concerns have kept the Fed sidelined. We look at the Fed\u2019s commentary, the impact of market forces and political pressure on yields, and the probability of rate cuts before year\u2019s end.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/another-round-of-the-feds-waiting-game\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Curves ahead: Market perspectives at midyear<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">What can we expect for the rest of the year? Delve into RBC Wealth Management\u2019s 2025 midyear outlook and explore longer-term investment opportunities.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/campaign\/global-insight-outlook\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>\u201cBig and beautiful\u201d or not?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">With the centerpiece of U.S. President Donald Trump\u2019s economic agenda winding its way through Congress, we examine what\u2019s of key interest to markets and investors, before noting why the ultimate outcome of the bill is likely to look different.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/big-and-beautiful-or-not\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Equity market roller coaster: How is your stomach?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The U.S. equity market has taken investors on a bumpy roller coaster ride, leaving some of us queasy. We discuss what drove the rally, lingering risks, and the market\u2019s potential from here.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/equity-market-roller-coaster-how-is-your-stomach\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>How tariff policy unpredictability is rippling through U.S. Treasury bonds<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">U.S. government borrowing costs on longer-maturity debt have risen more quickly than on shorter-maturity debt since so-called reciprocal tariffs were announced. We discuss what drove that reaction and why the difference is likely to persist.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/how-tariff-policy-unpredictability-is-rippling-through-us-treasury-bonds\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The Fed and its dueling dual mandate<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Questions regarding the Federal Reserve\u2019s price stability and maximum employment mandates abound. We look at what investors should know at a time when there is a lack of clarity regarding the central bank\u2019s next moves.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-fed-and-its-dueling-dual-mandate\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Beyond tariffs, what can the U.S. do in its quest for trade balance?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Running up debts to buy foreign goods is unsustainable in the long term. Identifying the problem is simple, but we see no easy or quick escape for the U.S. from the imbalances built up over the last four decades.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/beyond-tariffs-what-can-the-us-do-in-its-quest-for-trade-balance\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Europe in the age of trade uncertainty<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The longstanding relationship between the U.S. and Europe is changing, with deep consequences for the euro area and its economy. We look into the impact of this metamorphosis on the corporate sector and discuss the related investment opportunities.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/europe-in-the-age-of-trade-uncertainty\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Monetary policy possibilities<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The Fed has often been quick to cut rates to help support the economy during slowdowns. We look at why the current combination of potential inflationary pressures and policy uncertainty may leave the Fed sidelined longer than some investors may hope.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/monetary-policy-possibilities\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Tackling the U.S.-China tariff tug of war<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">As the U.S. and China continue their tariff battle, we look at the potential impact of tariffs on China\u2019s economic growth and what steps China equities investors should take if there is a market rebound.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/tackling-the-us-china-tariff-tug-of-war\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Tariff pause: Reasons to exhale and get back to basics<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">We explain why the details associated with the tariff saga are less important than overall investment strategy, and why investors should think about their long-term strategic allocation as an anchor during periods of extreme volatility.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/tariff-pause-reasons-to-exhale-and-get-back-to-basics\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Shock and tariff: Four key perspectives on the sell-off<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Extreme stock market corrections are difficult to endure. We answer key questions on investors\u2019 minds, examining the unique contours of the tariff challenges and the areas of the U.S. equity market that we think can at least hold up better against the headwinds.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/shock-and-tariff-four-key-perspectives-on-the-sell-off\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>It\u2019s been a privilege<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The dollar\u2019s role in the global economy is evolving, and its \u201cexorbitant privilege\u201d looks to be as well. We examine the greenback\u2019s role as the reserve currency and the implications of the world\u2019s changing currency appetites.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/its-been-a-privilege\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Tariff deluge: RBC Wealth Management\u2019s initial take<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">President Donald Trump unveiled his long-threatened reciprocal tariffs, putting an exclamation point on a new era of protectionism. Our regional analysts review the tariff policies and provide thoughts on the implications for economies and financial markets.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/tariff-deluge-rbc-wealth-managements-initial-take\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Europe: United in adversity<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">New and non-traditional rhetoric from the U.S. has galvanised European leaders. Defence spending has become a priority and this, along with a shift in German fiscal policy, should support growth. Despite the risks inherent in a trade war, we believe portfolios should be exposed to the region.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/europe-united-in-adversity\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Global equities: A\u00a0confluence of possibilities<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Equity markets have followed diverse paths in the first three months of 2025. We think several factors are now in play that will influence the direction they take from here.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/global-equities-a-confluence-of-possibilities\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Unravelling the uncertainties facing stock markets<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">To say it\u2019s been a testing time for markets and investors is an understatement. Amid what can be confusing and rapidly shifting market dynamics, we give our thoughts on four key questions on investors\u2019 minds about the U.S. equity investment environment.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/unravelling-the-uncertainties-facing-stock-markets\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Tariffs: Bracing for market impact<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The 2018\u20132019 U.S.-China trade conflict underscored how tariff uncertainty can dampen sentiment, depressing valuations even if the earnings impact turns out to be modest. Given an unusually wide range of potential tariff outcomes, what approach should investors take?<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/tariffs-bracing-for-market-impact\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Vortex of volatility<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">A period of rapid-fire developments has understandably put investors on edge. We make sense of five catalysts tugging on stock markets and elucidate why we\u2019re not ready to throw in the towel on the two-year-plus bull market just yet.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/vortex-of-volatility\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Power, storage, and electrification: A revolution<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">As burgeoning demand and innovation transform the energy landscape, we examine key trends that are likely to shape the future of renewable power and industrial electrification.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/power-storage-and-electrification-a-revolution\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>U.S. tariff give and take<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">As the threat of U.S. tariffs remains a regular topic of news outlets, we examine the potential highs and lows and their effects.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/us-tariff-give-and-take\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>How will Europe respond to U.S. tariff threats?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">For the European Union, the economic impact of U.S. tariffs will depend on their level and duration. We investigate the implications of rapidly changing U.S. trade policies, and explore how the EU may respond.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/how-will-europe-respond-to-us-tariff-threats\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Focus on earnings season<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Washington, D.C. policy decisions have been in the spotlight of late, but we think investors should not take their eyes off the results and clues coming from Q4 earnings season.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/focus-on-earnings-season\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The U.S. deficit, interest rates, and private sector interplay<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Economics is rife with self-correcting mechanisms, and we give our thoughts on how that dynamic is likely to play out in the relationship between the U.S. budget deficit and longer-term interest rates.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-us-deficit-interest-rates-and-private-sector-interplay\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Tariffs\u2019 leverage extends far beyond\u00a0trade<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Tariffs can have many economic impacts, but we think investors should focus on the economic and political goals that are driving decision-making.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/tariffs-leverage-extends-far-beyond-trade\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Will investors see a pause in rate cuts, or the end?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Global central banks this month have offered something for everyone from further interest rates hikes in Japan to rate cuts in Canada and Europe, while the Federal Reserve remained motionless.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/will-investors-see-a-pause-in-rate-cuts-or-the-end\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Canada confronts U.S. protectionism<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">U.S. trade policy is taking a more restrictive turn with potential implications for Canada\u2019s economy and equity market. We think resisting knee-jerk reactions to headlines is the best way to navigate what could be repeated bouts of market volatility.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/canada-confronts-us-protectionism\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Processing the U.S. legislative process<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Every administration enters office with aggressive policy goals. But a lot of give-and-take may be needed to turn goals into policy.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/processing-the-us-legislative-process\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Is 2025 the beginning of a small-cap renaissance?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">After years of small-cap underperformance relative to large-cap counterparts, the tide looks to be turning. We look at why investors shouldn\u2019t overlook this aspect of the 2025 equity outlook as small caps seem poised to return to form.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/is-2025-the-beginning-of-a-small-cap-renaissance\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Pay attention to triggers for Europe<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Due to structural headwinds, we downgraded European equities to Underweight in December. Yet a number of catalysts could occur in Q1 that could be well received by equity markets. We peruse the opportunities that may emerge in European equities.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/pay-attention-to-triggers-for-europe\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>U.S. equity returns in 2024: Premium performance<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">We pinpoint five reasons why U.S. equities capped off a banner year in 2024 and why investors were willing to pay for premium valuations. We also offer thoughts on the environment in 2025 and how to approach portfolio positioning.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/us-equity-returns-in-2024-premium-performance\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The Fed approaches a new phase of interest rate policy<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Markets head lower following a hawkish rate cut by the U.S. Federal Reserve. We discuss the reasons behind the Fed\u2019s shift and if investors really need to fear higher rates caused by stronger growth.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-fed-approaches-a-new-phase-of-interest-rate-policy\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>U.S. productivity renaissance<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Higher productivity has propelled the U.S. economy ahead of its major peers in recent years, offering a blueprint for other countries and raising the stakes in the global race to harness emergent technologies such as GenAI.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/us-productivity-renaissance\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Global Insight 2025 Outlook executive summary: Beyond the horizon<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">With a second Trump administration in the U.S. eyeing an ambitious agenda and trade tensions coming to the fore, how should investors position portfolios? Our 2025 Outlook examines the issues and opportunities facing economies and markets in 2025 and beyond.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/global-insight-2025-outlook-executive-summary-beyond-the-horizon\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Market overview: Equity balancing act<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">In 2025, global equity markets may be able to add to the remarkable gains of the past two years. That will require economic and earnings pictures that don\u2019t falter.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/global-insight-2025-outlook-equity-balancing-act\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The \u201cUnstoppables\u201d<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Four powerful trends involving game-changing innovations and demographic changes are set to play out in the global economy over the coming decades. We believe they can provide an attractive way to plug investment portfolios into the future.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-unstoppables\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Global Insight 2025 Outlook: United Kingdom<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Amid efforts to stimulate growth in the face of economic challenges, we see selective long-term opportunities in both equities and fixed income.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/global-insight-2025-outlook-united-kingdom\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Global Insight 2025 Outlook: Europe<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Trade and internal tensions are likely to play key roles in 2025, as potential tariffs and political disruptions cloud the picture.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/global-insight-2025-outlook-europe\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Global Insight 2025 Outlook: Canada<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Despite potential headwinds, we are generally constructive on Canadian markets, though we expect less outperformance in credit.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/global-insight-2025-outlook-canada\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Global Insight 2025 Outlook: United States<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">A more complex equity landscape and the potential for Fed policy shifts mean investors will need to be nimble in 2025.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/global-insight-2025-outlook-united-states\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Global Insight 2025 Outlook: Asia Pacific<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Asia\u2019s equity outlook will likely depend on U.S. tariffs, China\u2019s stimulus and Japan\u2019s structural changes. Stable fundamentals support cautious optimism for investment-grade bonds.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/global-insight-2025-outlook-asia-pacific\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Pondering a U.S. policy potpourri<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">How can investors separate the policy changes that are likely to really matter for the economy from those that get a lot of press but may not have the most traction?<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/pondering-a-us-policy-potpourri\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Fed rate cuts for what?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The Fed has cut policy rates by 75 basis points since September only to see longer-term Treasury yields and mortgage rates increase by the same degree. We take a closer look at this divergence and its implications.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/fed-rate-cuts-for-what\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>U.S. presidential election: Back to the future<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">In a historic political comeback, Donald Trump has again won the presidency. We look at the policies like taxes and tariffs shaping the investment climate. With political polarisation high, don\u2019t let emotions cloud your investment decisions.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/us-presidential-election-back-to-the-future\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Debunking debt disaster<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Myths may be important to folklore, but they\u2019re not helpful in finance. We look at the facts behind some of the common myths surrounding the U.S. national debt.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/debunking-debt-disaster\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The end of China\u2019s challenging chapter?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">China\u2019s economy is struggling. A coordinated stimulus to curb the crippling housing crisis and support local governments is being announced. We explore the measures undertaken and contemplated and their potential implications for portfolios.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-end-of-chinas-challenging-chapter\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Bigger BRICS: Building a multipolar world?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Our ongoing \u201cWorlds Apart\u201d series looks at the just-concluded BRICS summit and how the group aims to rebalance the global order. We believe the shift to a multipolar, more fragmented world argues for viewing portfolio allocations through a different lens.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/bigger-brics-building-a-multipolar-world\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Inflation moving to the back burner, but still simmering<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Central banks\u2019 inflation targets are in sight, but not all price trends have normalised. Inflation isn\u2019t the headache it was, but investors should keep it in mind in their asset allocation decisions.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/inflation-moving-to-the-back-burner-but-still-simmering\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Exploring the impacts of AI and GenAI across industries<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Continuing our examination of artificial intelligence and its potential to shape the investment landscape, we look at the specific impacts AI may have \u2013 or is already having \u2013 across a wide range of industries.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/exploring-the-impacts-of-ai-and-gen-ai-across-industries\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Recession scorecard update: Stop and start<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">There have been no recent scorecard rating changes. However, two of the seven indicators have failed to move in the anticipated direction over the past month.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/recession-scorecard-update-stop-and-start\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The price of Fed rate cut success is steep, but not too steep<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The Fed has finally aggressively lowered interest rates. While a steeper yield curve reflects the market\u2019s optimism that rate cuts will shore up the economic outlook, further steepness could be a sign the Fed will cut rates deeply, likely due to a recession.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-price-of-fed-rate-cut-success-is-steep-but-not-too-steep\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Draghi: Europe, time to press ahead<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Mario Draghi recently submitted a comprehensive report addressing the EU\u2019s loss of competitiveness. We examine the feasibility of his ambitious plan and the potential implications for portfolio positioning.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/draghi-europe-time-to-press-ahead\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The Fed\u2019s big bang rate cut<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">After biding its time, the Fed kicked off its monetary easing cycle with a strong start out of the rate cut gates. While investors may harbour concerns the Fed is getting ahead of itself, we highlight why we\u2019re encouraged by the Fed\u2019s proactive move.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-feds-big-bang-rate-cut\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Economic impacts of non-economic policies<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The economic environment could be in for an about-face. We look at what investors should be focusing on, beyond the same old same old, in this election year.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/economic-impacts-of-non-economic-policies\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Harris and Trump on the issues<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">A gulf exists between Kamala Harris and Donald Trump on policy issues. We address key policy differences that matter most to the economy and stock market.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/harris-and-trump-on-the-issues\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Credit where credit is due? <\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Despite signs of a slowing economy, corporate bond issuance kicked off the month at a record pace. We look at how the market has absorbed the new debt and what factors are likely to drive bond performance ahead.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/credit-where-credit-is-due\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Fed rate cuts on the horizon<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">As U.S. rate cuts near, history shows stocks and bonds often perform well after the Fed starts easing cycles, with equities showing greater variability.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/fed-rate-cuts-on-the-horizon\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>No free rein: The realities of U.S. presidential power<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">While the U.S. president certainly has great influence, investors shouldn\u2019t let election noise get in the way of sound portfolio management.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/no-free-rein-the-realities-of-us-presidential-power\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>GenAI: Enablers and adopters<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">GenAI will likely have far-ranging repercussions on the economy, sectors, and business functions. We look at the potential impact and explore investment strategies we expect to benefit from the new era.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/gen-ai-enablers-and-adopters\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>North American labour markets: Past the point of no return?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Recession risks have risen slightly as labour markets in the U.S. and Canada have cooled.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/north-american-labour-markets-past-the-point-of-no-return\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Nagging questions facing equity markets<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Four unresolved issues related to the selloff stand to hold sway over stocks.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/nagging-questions-facing-equity-markets\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Global equity: Offence still on the field; defence ready for the call<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The market pullback will take time to play out. Planning for an eventual shift to defence beats a \u201chope for the best\u201d approach.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/global-equity-offense-still-on-the-field-defense-ready-for-the-call\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The Fed waits, but is it too late?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">As expected, the Fed held off on a rate cut this week. But as policymakers await more economic data before a likely September rate cut, the data may already be signalling the central bank is too late.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-fed-waits-but-is-it-too-late\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Video \u2013 GenAI: The next frontier of artificial intelligence and innovation<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">RBC\u2019s AI software analyst enthusiastically talks about how GenAI has leapfrogged traditional AI tools and tells us what excites him about the technology today and its future potential.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/video-gen-ai-the-next-frontier-of-artificial-intelligence-and-innovation\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>What dueling data and the Fed\u2019s dual mandate mean for interest rate cuts<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">But U.S. labour market data pointing in different directions, we sift through the mixed messages and the impact on the Fed\u2019s rate cut plans.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/what-dueling-data-and-the-feds-dual-mandate-mean-for-interest-rate-cuts\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Inside the S&amp;P 500: Time to pass the baton?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">While mega-cap tech stocks have dominated U.S. equity performance so far this year, recently the rest of the market has been trying to take the baton. We discuss the main factors needed to make a clean handoff.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/inside-the-s-and-p-500-time-to-pass-the-baton\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Weaving the threads of U.S. equity outperformance<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">While AI and the Magnificent 7 have been exceedingly visible in their leadership, we spotlight two other trends with a clear impact on portfolio performance.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/weaving-the-threads-of-us-equity-outperformance\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>U.S. debt dilemma: No quick fixes and no catastrophes<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The federal government\u2019s debt has doubled since 2015 \u2013 and shows no signs of turning around.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/us-debt-dilemma-no-quick-fixes-and-no-catastrophes\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The fine, frustrating U.S. equity rally<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The U.S. stock market rally continues to outdo itself. But several factors make for a more nuanced narrative. We assess the backdrop framing the rally and how to position equity portfolios.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-fine-frustrating-us-equity-rally\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Redder: Updating our recession scorecard<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Midway through 2024, changes in our U.S. Recession Scorecard signal rising economic risks for equity investors in the second half of the year.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/redder-updating-our-recession-scorecard\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Longevity: How science is extending lifespans<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Amid an innovation revolution in biotech that stands to not only transform our lives but also impact investment portfolios, what should investors be looking for?<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/video-longevity-how-science-is-extending-healthspans\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>A return to yield curve normalcy?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The ongoing yield curve inversion appears out of line with record equity markets and robust commodity pricing. We look at some reasons investors are accepting lower yields on longer-maturity bonds.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/a-return-to-yield-curve-normalcy\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>State of economic play<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">More-demanding valuations appear to signal investors have become more confident of a \u201csoft landing\u201d outcome. We provide an update on the macro environment and its implications for portfolios.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/state-of-economic-play \" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Longevity: Cracking the ageing code<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Science is developing ways to slow, stall, and possibly even reverse ageing. We explore the most promising advances and the link between scientific breakthroughs and intriguing investments.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/longevity-cracking-the-ageing-code \" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>BoC-Fed divergence: In it for the long haul?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The BoC lowered its policy rate, and we think it will continue to cut rates sooner and faster than the Fed. We discuss why fixed income investors outside the U.S. should consider U.S. exposure where rates are likely to remain higher for longer.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/boc-fed-divergence-in-it-for-the-long-haul \" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Longevity: How science is extending healthspans<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Amid an innovation revolution in biotech that stands to not only transform our lives but also impact investment portfolios, what should investors be looking for?<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/video-longevity-how-science-is-extending-healthspans \" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Gold: More than meets the eye<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">In a conversation with RBC Capital Markets, LLC Commodity Strategist Christopher Louney, we look at aspects driving the gold rally and explain how world events and policy shifts could impact its prospects.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/gold-more-than-meets-the-eye\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The Fed adjusts its focus, but the rate outlook remains blurry<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The Fed keeps playing down upside risks to inflation, but did it just start playing up downside risks to labour markets? Ahead of key jobs data, how sensitive might the Fed be to any labour market weakness?<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-fed-adjusts-its-focus-but-the-rate-outlook-remains-blurry\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Energy stocks: A hedge to rising geopolitical risk<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Oil\u2019s rally is fueling an intriguing opportunity. We contend the global oil sector is benefiting from improved fundamentals and exposure in equity portfolios can act as an offset to geopolitical risk.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/energy-stocks-a-hedge-to-rising-geopolitical-risk?utm_medium=email&amp;utm_source=na&amp;utm_campaign=global-insight&amp;utm_content=hidden&amp;utm_id=59863b2481a1a24917666fee98fa266a\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Don\u2019t fight (or fear) the Fed<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The U.S. central bank is an incredibly powerful institution that can exert influence on essentially any U.S. dollar-denominated asset. However, we believe the Fed is also widely misunderstood.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/dont-fight-or-fear-the-fed\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>2024 earnings: The likely convergence of the \u201chaves and have nots\u201d<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">As all eyes focus on Q1 earnings results, we think the full-year earnings growth trajectory is more important. Growth rates for the Magnificent 7 and non-Mag 7 stocks are expected to converge, but some earnings risks remain.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/2024-earnings-the-likely-convergence-of-the-haves-and-have-nots\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The metamorphosis of European equities<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">No longer wan and listless, we think European equities are emerging from their chrysalis with newfound potential. We look at how the investment story is transforming and why investors should take a fresh look at the asset class.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-metamorphosis-of-european-equities \" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>High expectations for the U.S. equity market<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Most major equity markets have moved to new high ground, propelled by expectations for interest rate cuts. But we are not out of the woods yet.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/high-expectations-for-the-us-equity-market \" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The importance of focusing on time horizon<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Too often, we find investors focusing on what the press puts before them instead of concentrating on issues relevant to their goals. We explain why investment time horizon should be a key focus of portfolio thinking.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-importance-of-focusing-on-time-horizon \" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Central banks are off to the races<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">While the Fed\u2019s meeting didn\u2019t deliver much that was new, it at least eased concerns that rate cuts could be delayed. Other central banks grabbed the spotlight, with potentially significant ramifications.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/central-banks-are-off-to-the-races \" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Is the U.S. equity market getting bubbly again?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">A growing chorus on Wall Street is warning an AI-led bubble may be forming. While a near-term pullback can\u2019t be ruled out, we argue this is not Tech Bubble 2.0.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/is-the-us-equity-market-getting-bubbly-again  \" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Key things to know about U.S. elections<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">As presidential elections have become more contentious, perceptions have risen that the stock market\u2019s fate can hang in the balance depending on who wins. There are four principles investors should keep in mind.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/key-things-to-know-about-us-elections \" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>A worldwide wave of elections<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">2024 marks a case of rare planetary alignment, with close to half the world\u2019s population heading to the polls. While the brightest spotlight will fall on the U.S. election, we focus on elections beyond the U.S. and why they matter to investors.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/a-worldwide-wave-of-elections\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Shaking up corporate Japan<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">The Nikkei 225 recently climbed past its all-time closing high. We explore the factors behind investors\u2019 enthusiasm and explain why a disappointing macroeconomic backdrop is not seen as an obstacle.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/shaking-up-corporate-japan\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>An evolving investment landscape<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">We survey the macro factors shaping the global economy, and their implications for portfolio positioning as 2024 unfolds.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/an-evolving-investment-landscape\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Positioning for inflation shocks<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Geopolitical tensions and policy uncertainty are driving inflation risks. We look at the potential role of fixed income in portfolio positioning.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/positioning-for-inflation-shocks?utm_medium=email&amp;utm_source=giw-021524-web&amp;utm_campaign=global-insight&amp;utm_id=ff8afc4be40c5cf06760f90918928d2e\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>The death of (traditional) value<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">We think investors willing to expand their traditional investment toolset to incorporate extra-financial factors stand to reap superior returns over time.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/the-death-of-traditional-value\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Are banks facing a real estate reckoning?<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Despite the hard realities of mounting losses on real estate loans, we think a fair dose of hyperbole is going around. We dissect the problem before arguing the overall U.S. banking system is healthy and able to weather any volatility ahead.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/are-banks-facing-a-real-estate-reckoning?utm_medium=email&amp;utm_source=giw-020824-web&amp;utm_campaign=global-insight&amp;utm_id=f4f151c143a44c56da1b987cc8792b4c\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>When a Fed push results in a market shove<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Fed Chair Jerome Powell tried to push back on near-term rate cut expectations, but markets shoved right back. Pricing suggests markets are concerned that if the Fed waits too long to cut rates policymakers will only have to cut them more.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/when-a-fed-push-results-in-a-market-shove\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Video: The de-dollarisation dilemma<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">As trade and geopolitical tensions persist and global trade becomes more fragmented, will the U.S. dollar continue to be the global reserve currency of choice?<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/video-the-de-dollarization-dilemma\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Mission critical: Securing supply of critical minerals<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">Critical minerals are the building blocks of most modern technologies. We explore the drive for resilient supply chains and weigh the portfolio implications.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/mission-critical-securing-supply-of-critical-minerals\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbcwm-media-card rbc-card-col-my rbc-media-card-col col-lg-4 col-md-2 col-1\" data-attr-open-new-tab=\"true\"><div class=\"rbc-card rbc-media-card rbc-card-hover rbc-media-card-stacked-vertical \" data-observe=\"{&quot;add&quot;:&quot;ani-card-up&quot;,&quot;remove&quot;:&quot;ani-card-up-from&quot;}\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body \"><h4 class=\"rbc-media-card-title rbc-media-card-title-wrap \"><span class=\"rbc-media-card-title-link\"><span>Worlds apart: Risks and opportunities as deglobalisation looms<\/span><\/span><\/h4><span class=\"category rbc-media-card-category\">Analysis<\/span><p class=\"rbc-media-card-text\">With trade relations more fragmented and the potential for a great power rivalry between the U.S. and China, investors need to be ready for a new paradigm.<\/p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/worlds-apart-risks-and-opportunities-as-deglobalization-looms\" class=\"rbc-media-card-footer-link align-self-end link-chev rbc-card-link-full\"><span aria-label=\"Read more\" class=\"rbc-media-card-cta-link\">Read more<div class=\"rbc-icon\"><i aria-hidden=\"true\" class=\"rbc-icon-img fal fa-angle-right\"><\/i><\/div><\/span><\/a><\/div><\/div><\/div><\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>Stay ahead with our latest insights. Timely analysis and expert views to inform your wealth strategy.<\/p>\n","protected":false},"author":92,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"editor_notices":[],"rbc_url_alias":"","footnotes":""},"rbcwm_content_owner":[],"class_list":["post-23824","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Global insights from RBC &#8211; RBC Wealth Management United Kingdom<\/title>\n<meta name=\"description\" content=\"Stay ahead with our latest insights. Timely analysis and expert views to inform your wealth strategy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/global-insights-from-rbc\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global insights from RBC &#8211; RBC Wealth Management United Kingdom\" \/>\n<meta property=\"og:description\" content=\"Stay ahead with our latest insights. Timely analysis and expert views to inform your wealth strategy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/global-insights-from-rbc\" \/>\n<meta property=\"og:site_name\" content=\"RBC Wealth Management United Kingdom\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-20T18:03:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2026\/05\/share-logo-rbc-wm.png?w=2000\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"24 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/global-insights-from-rbc\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/global-insights-from-rbc\",\"name\":\"Global insights from RBC &#8211; RBC Wealth Management United Kingdom\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#website\"},\"datePublished\":\"2024-02-26T15:54:29+00:00\",\"dateModified\":\"2026-05-20T18:03:08+00:00\",\"description\":\"Stay ahead with our latest insights. Timely analysis and expert views to inform your wealth strategy.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/global-insights-from-rbc#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/global-insights-from-rbc\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/global-insights-from-rbc#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Global insights from RBC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#website\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/\",\"name\":\"RBC Wealth Management United Kingdom\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#organization\",\"name\":\"RBC Wealth Management United Kingdom\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2026\\\/05\\\/rbc.png\",\"contentUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2026\\\/05\\\/rbc.png\",\"width\":3000,\"height\":2000,\"caption\":\"RBC Wealth Management United Kingdom\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Global insights from RBC &#8211; RBC Wealth Management United Kingdom","description":"Stay ahead with our latest insights. Timely analysis and expert views to inform your wealth strategy.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/global-insights-from-rbc","og_locale":"en_GB","og_type":"article","og_title":"Global insights from RBC &#8211; RBC Wealth Management United Kingdom","og_description":"Stay ahead with our latest insights. Timely analysis and expert views to inform your wealth strategy.","og_url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/global-insights-from-rbc","og_site_name":"RBC Wealth Management United Kingdom","article_modified_time":"2026-05-20T18:03:08+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2026\/05\/share-logo-rbc-wm.png?w=2000","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"24 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/global-insights-from-rbc","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/global-insights-from-rbc","name":"Global insights from RBC &#8211; RBC Wealth Management United Kingdom","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#website"},"datePublished":"2024-02-26T15:54:29+00:00","dateModified":"2026-05-20T18:03:08+00:00","description":"Stay ahead with our latest insights. Timely analysis and expert views to inform your wealth strategy.","breadcrumb":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/global-insights-from-rbc#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcwealthmanagement.com\/en-uk\/global-insights-from-rbc"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/global-insights-from-rbc#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/"},{"@type":"ListItem","position":2,"name":"Global insights from RBC"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#website","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/","name":"RBC Wealth Management United Kingdom","description":"","publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#organization","name":"RBC Wealth Management United Kingdom","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2026\/05\/rbc.png","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2026\/05\/rbc.png","width":3000,"height":2000,"caption":"RBC Wealth Management United Kingdom"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#\/schema\/logo\/image\/"}}]}},"publishpress_future_action":{"enabled":false,"date":"2026-06-28 09:52:50","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"rbcwm_content_owner","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"RBC Wealth Management United Kingdom","distributor_original_site_url":"https:\/\/www.rbcwealthmanagement.com\/en-uk","push-errors":false,"last_revision_date":"2026-05-20 18:03:06","_links":{"self":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/pages\/23824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/comments?post=23824"}],"version-history":[{"count":121,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/pages\/23824\/revisions"}],"predecessor-version":[{"id":54195,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/pages\/23824\/revisions\/54195"}],"wp:attachment":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/media?parent=23824"}],"wp:term":[{"taxonomy":"rbcwm_content_owner","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_content_owner?post=23824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}