US President Donald Trump’s first 100 days in the White House this year have rocked capital markets globally, with the ricochet effect of ‘Liberation Day’ throwing the notion of US exceptionalism into question.
At a rally in Michigan on Tuesday (29 April) evening, Trump declared that his first 100 days represented the most successful administration in US history. But in reality, his tenure so far has overseen the worst US stock market performance for half a century, since President Gerald Ford endured a horrendous entry period to the Oval office in 1974, according to Hargreaves Lansdown,. Markets massively increase odds of May Fed rate cut since Trump trade war began As a result, Moody's, JP Morgan and Apollo have all set out predictions that the US is set to dive into a recession, despi...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
