A presentation as part of the CMT Tampa Midwinter Retreat 2025

About the Presentation: Tim’s session will focus on the 2025 market outlook and the status of long-term secular trends, assessing the cyclical bull market that started in 2022 and the secular bull intact since 2009. What trends are sustainable and what are the risks? Tim will discuss current and potential positioning across major asset classes and regions, sector leadership, currencies, gold, and the key relative performance trends to be watching as the year progresses.