Investment glass seems half full near mid-point of 2025

A consequence of U.S. President Donald Trump's global economic upheaval seems to be greater "home bias" in investing – going some way toward explaining the year's relative performance while seeming chaos sows stimulus around the world. Many of the half-year appraisals of Mr. Trump's often erratic trade and economic agenda attempt to cut through policy noise to suggest where the world will ultimately pan out. Larry Fink, boss of BlackRock, the world's largest asset manager, opined last week about a "second draft of globalization," one positioned somewhere between the rejected inequities of unfettered global trade and capital and another alternative…