The Big Question Part II: Is President Donald Trump a market menace - or a welcome disruptor?

Second instalment of series

Jayna Rana
clock • 11 min read

In the second part of our Big Question, portfolio managers assess how President Donald Trump's policies can be factored into investment decision-making.

Mark Leach, portfolio manager, James Hambro & Partners Volatile leader Initially, from a short-term investment perspective, Trump's tax reforms have had a positive impact on earnings, while deregulation and budgetary largesse have helped companies prosper further.  The average earnings growth of the S&P 500 in the latest reporting round was 24% compared with Europe's 10% and Japan's 11%, illustrating not just the effect of reduced corporate taxes but also better underlying activity; companies outpaced analyst expectations by 6% on average in Q1.  From a domestic point of view, the...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on US

US-tariff landscape shifts with increased levy on China as officials warn Trump of 'havoc' wrecking policies
US

US-tariff landscape shifts with increased levy on China as officials warn Trump of 'havoc' wrecking policies

California suing Trump over tariffs

Eve Maddock-Jones
clock 17 April 2025 • 3 min read
Jerome Powell warns Trump's tariffs could jeopardise Fed's inflation and unemployment targets
US

Jerome Powell warns Trump's tariffs could jeopardise Fed's inflation and unemployment targets

Speaking at the Economic Club of Chicago

Sorin Dojan
clock 17 April 2025 • 2 min read
BCA Research's Matt Gertken: Trump turns to Iran
US

BCA Research's Matt Gertken: Trump turns to Iran

'Major crisis is likely this year'

Matt Gertken
clock 15 April 2025 • 4 min read
Trustpilot