Navigating Tariff Turbulence with Defensive Equity Strategy

Amid heightened volatility from U.S. tariff announcements, State Street Global Advisors explores how systematic equity strategies can help investors navigate shifting global dynamics.

• U.S. tariffs in early April triggered a sharp equity sell-off, followed by a swift recovery, despite unchanged earnings forecasts.

• Geographic exposure had limited influence on performance; stock moves across U.S., China, and RoW were surprisingly similar.

• Defensive sectors like Consumer Staples and Utilities outperformed, reinforcing the value of stable exposures in turbulent markets.

Explore the full report to uncover actionable strategies in uncertain equity environments.