The New 'Black Gold' Needs More Bulls

Published on April 5, 2025

To most people, black gold means oil, the substance that helped build the modern world while causing the climate crisis. But a new treasure on the market is getting prospectors excited, not least for the role it could play in fixing the problem fossil fuels created.

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Mexico Gets a Tariff Lifeline. Now Sheinbaum Needs a Quick Deal.

April 5, 2025
By sparing Mexico and Canada from his reciprocal tariffs on Wednesday, US President Donald Trump has kept the pact known as USMCA on life support. That’s no small feat given the animosity shown by the US government toward its neighbors in the past weeks.

Fixed Income Markets Take Trump’s Tariffs in Stride

April 5, 2025
In the report, Fixed Income Portfolio Managers John Lloyd and Greg Wilensky discuss how fixed income markets are responding to Trump’s sweeping tariffs and the implications for investors.