Blog

Insights: The Main Street Equity Blog

Tariffs, Trade, and the Dollar

The news outlets talk a lot about the trade deficit and the strength of the dollar, but the way they interact is more important—and more complicated—than it might seem at first.

What’s Changed—and What Hasn’t

Over the last 40 years, a lot of investment decisions were made under the same basic conditions: rates were trending down, asset prices were going up, and capital was cheap and easy to find. That shaped how people approached deals, how portfolios were built, and what risks made sense to take.

February 15, 2025

Where Capital Is Moving—and Why

Until recently, many investors have allocated their portfolios primarily between stocks for growth and bonds for stability. Over the past couple of decades, however, more capital appears to be moving away from Wall Street’s traditional paper assets and into real-world assets like real estate, private credit, and private equity.