The US economy faces heightened recession risks as tariff measures and softening consumer sentiment weigh on growth. At the same time, rapid shifts in trade, fiscal, and monetary policies are driving significant market disruptions. With inflation, interest rate expectations, and fiscal deficits in focus, managing risk amid this uncertainty is critical for maintaining portfolio resilience. For institutional investors, the key to navigating this challenging environment will be balancing defensive positioning with tactical allocations to emerging areas of value as policy trajectories become clearer.

To help investors look through this complexity, PGIM brings together the following perspectives from its affiliates examining the opportunities and risks that are emerging across asset classes.