Global Equity Markets: Buoyant But Brittle

This comprehensive financial report, "Navigator 33 Report," provides an in-depth analysis of global markets as of August 24, 2025, highlighting a buoyant yet brittle market characterized by strong gains in tech and AI sectors but also rising concentration risk and caution from the bond market. Authored by Bill Cara, a seasoned financial expert, the document offers his strategic asset allocation model, emphasizing capital preservation, liquidity, and inflation hedging in a volatile environment. The report also explores key macroeconomic drivers such as tariffs, interest rates, and commodity prices, alongside detailed examinations of various asset classes, including equities, fixed income, forex, and commodities. Finally, it presents Cara's investment philosophy—a "barbell approach" combining high-growth disruptors with stable cash generators, guided by technical analysis and a commitment to independent, fact-based education over passive investing.