Eaton Vance's Chief Income Investment Officer, Payson F. Swaffield, comments on the way that Trump's incoming presidency will affect financial markets. While the election sparked an equity rally, boosted interest rates and inflation expectations, the real outcomes could be less positive due to volatile rates.
Swaffield explores credit markets, tax changes and fiscal expenditure, and the way in which these changes could affect investment. Opportunities in US municipal bonds are discussed, but so is the need for defensive moves.
