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  "notes": "The chart uses arrows to draw attention to specific spikes in the index corresponding to historical crises.",
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      "text": "Economic Policy Uncertainty Has Spiked to Levels Consistent with Past Crises",
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      "text": "Heightened uncertainty surrounding the path for tariffs, taxes and government spending have all driven gauges of general economic policy uncertainty to levels not witnessed since 2008 and 2020. Despite this, economic growth data remains solid and continues to point towards expansion. We remain focused on these signals amid the noise and uncertainty.",
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      "text": "Source: Bloomberg, MSIM. As of February 11, 2025. The views and opinions expressed are those of the Portfolio Solutions Group at the time of writing/of this presentation and are subject to change at any time due to market, economic, or other conditions, and may not necessarily come to pass. Past performance is no guarantee of future results.",
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