3 lessons from Eye on the Market 20th Anniversary Edition
Sources: PIIE; Bloomberg Finance L.P. Data as of June 11, 2025. Indices used: XAU Curncy; MXWOU Index; SPY US EQUITY; DXY Index. Events from PIIE post inauguration.
This bar chart shows absolute return on tariff event days for several asset classes. On 1-Feb U.S. IG Bonds return was 0.1%, U.S. HY Bonds was 0.3%, USD was 0.6%, Gold was 0.6%, S&P500 was 0.7%, World ex U.S. Equities was 1.9%, European Equities was 1.3%. On 4-Feb U.S. IG Bonds return was 0.2%, U.S. HY…
