MLD Market Update - October 2025

Summary

Markets remain resilient despite US shutdown risks; MLD favours defensive US equity, international diversification, alternatives, and commodities like gold and copper for balanced growth.

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Highlights

• October often brings shifting headlines and fresh perspectives. In this month’s episode of MLD Wealth Money Matters, Chad Larson outlines how we are positioning portfolios for both resilience and growth in an uncertain market.

Topics Include

• Why markets have shrugged off the U.S. government shutdown, and why we remain more defensive on U.S. equities.
• The case for rebalancing toward international equities, supported by attractive valuations and potential currency tailwinds.
• Alternatives in focus: how the Alternative Private Income Portfolio continues to deliver strong risk-adjusted returns.
• Why beta, manager diligence, and the use of ETFs remain essential tools for tactical positioning.• Gold as a core defensive holding and copper as a growth-linked “green metal” driving the energy transition.
• Tariffs, technology, and transition as forces reshaping global markets and creating both opportunities and risks.

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