There’s no consensus on what defines “tactical” for asset allocation, but I know it when I see it. But on Wall Street and beyond the details vary widely, enough so that two investors chatting about the topic can be referring to radically different ideas. Cue up an invitation to lay down some thoughts on the basic assumptions a tactical asset allocation strategy.
Daily Archives: November 7, 2025
Macro Briefing: 7 November 2025
US layoffs surged in October, rising to the highest level in more than 20 years, according to data from Challenger, Gray & Christmas. “October’s pace of job cutting was much higher than average for the month,” said chief revenue officer for the data firm. “Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes.”
