Wall Street Extends April Surge As The Strait of Hormuz Reopens

• Citi Wealth shifted from European to US equities due to the latter's stronger macroeconomic backdrop and earnings resilience amidst global shocks.
• Fixed income strategy involved trimming credit and moving to shorter duration, acknowledging tight spreads.
• Key persistent long-term investment themes include supply chain fortification (energy, raw materials, infrastructure) and advancements in AI/robotics.

The discussion centers on navigating market volatility amidst geopolitical events, specifically the Middle East conflict and its impact on energy. Citi Wealth adjusted its portfolio by trimming European equities and increasing exposure to resilient US markets. The long-term investment focus remains on fortifying supply chains for energy, raw materials, infrastructure, and capitalizing on AI and robotics.