Trade
Remembering Trump
Donald Trump will be remembered as the most polarizing political figure in U.S. history, but he was an unwitting consensus-builder on an issue that was long thought to be “settled science.”
Tightening And Trade Risks Still Underestimated
Many were caught off guard by the relentless drop in stock prices and bond yields, but we think the real problem is that most people have underestimated the twin threats of central bank tightening and the ongoing trade war with China.
Is The Trade War Short-Term Bullish?
We believe the U.S. free-trade initiatives of the last 25 years have been wildly bullish for the stock market.
Trade War & Libor—More Bark Than Bite?
Isn’t a trade war more bark than bite? We think a full-blown trade war may be eventually negotiated away but the process is not necessarily painless to investors.
More On The Dollar Bear Market
A potential trade war (not quite there yet) is not good for the dollar as it will inevitably invite retaliation and sour sentiment toward dollar assets.
Trump Rally—More Tortoise & Less Hare Please
Market reaction since the election has been right on the money. What we didn’t expect was the speed and the magnitude of the so-called “Trump Trade."
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