The grid: overlooked and underinvested
Electrification of the global economy remains a compelling investment theme, with a multi-decade runway for growth.
The sweeping Republican victory is expected to have potentially significant implications for geopolitical risks and trade flows, and for the outlook for various asset classes and sectors.
We expect equities will continue to rise in 2025, due to solid corporate earnings growth and easing financial conditions, while fixed income faces challenges in a divergent policy setting.
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