Markets 'complacent' about the risks of a Trump win, strategist says
Publishing timestamp: 2024-01-23 08:29:46
Summary
The article discusses the potential risks associated with a second Donald Trump presidency, including the impact on bond markets and the economy. It also mentions the market's complacency towards these risks and the potential for a "tantrum" in bond markets. The article highlights the current bullishness in risk assets driven by expectations of interest rate cuts and the focus on short-term economic data. It also mentions the deteriorating fiscal position of the US government and the potential impact on future fiscal stimulus and tax cuts. The article concludes by mentioning the risks associated with Trump's proposed tariffs and his approach to foreign policy decisions.
Sentiment: MIXED
Keywords: dow jones industrial average, business news, breaking news: markets, elections, breaking news: politics, breaking news: economy, politics, s&p 500 index, economy, u.s. economy, markets,