Waverton's Palmer: Why US market could be taking one step further in bubble direction

Failed to repeal Obamacare

clock • 2 min read

The Trump Trade saw the S&P 500 return almost 13% from his election to the beginning of March. The Trump Slump then saw the index 'collapse' more than 2% to 27 March.

That now seems to be no more than a momentary Trump Dump as the index has already regained half of that. The cause of the retreat was pinned on the failure of the new President to get his repeal-and-replace of Obamacare passed. The rationale is that if he could not get rid of Barack Obama's signature law - that all Republicans from the red-blooded to the lily-livered hated - then the chances of getting tax reform through were limited, especially when facing formidable resistance from the Tea Party.   How five big US equity funds could fare in a rising inflation and rates environmen...

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

'Trade risks remain' after Canada scraps digital services tax on US companies
US

'Trade risks remain' after Canada scraps digital services tax on US companies

Tariff talks likely to be extended

Sorin Dojan
clock 30 June 2025 • 4 min read
Trump says US and China sign trade deal in potential tension cooldown
US

Trump says US and China sign trade deal in potential tension cooldown

'Everybody wants to make a deal'

Sorin Dojan
clock 27 June 2025 • 1 min read
US intervention in Iran-Israel conflict will likely leave nations without a trade deal
US

US intervention in Iran-Israel conflict will likely leave nations without a trade deal

Tariff pause nears end

Eve Maddock-Jones
clock 25 June 2025 • 4 min read
Trustpilot