03 May 2017
•
Image:
Dowding: "The partial unwinding of the so-called ‘Trump trade’ should not detract from a strong domestic labour market and a broader synchronised global economic upturn"
A hot topic of discussion recently has been the divergence between strong economic sentiment data and trailing hard (real) data, leading investors to question the ability of the Trump administration to deliver a potent boost to the US economy.
We believe the market's outlook is meaningfully pessimistic than justified by current US economic fundamentals and policy outlook. The macro backdrop is currently pervaded with a sense of overall bearishness....
To continue reading this article...
Join Investment week
- 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
