Our founder Mads N. S. Pedersen joined Bloomberg Live for an in-depth conversation with Katie Greifeld. Mads discussed the 40% reduction in equity exposure we implemented in our dynamic allocation portfolios at the start of February and the corresponding move into bonds, reflecting a more cautious positioning.

Among the highlights, Mads explained that while consumer sentiment often grabs headlines, it's the pricing of inflation expectations and movements in U.S. Treasury yields that truly drive market dynamics.

 

On policy, he noted that any rise in U.S. tariffs must be measured to ensure inflationary pressures remain transitory and not hurt the republican base.