“Nothing in life is so exhilarating as to be shot at without result,” said Winston Churchill.
He was referring to war but this summer it is an aphorism for the US stock market as it lives with President Donald Trump's tariff hostilities. US signs 'massive' trade deal with Japan Momentum has returned to the market. The S&P 500 keeps testing new all-time highs, the threat of a full-blown trade war looks all but averted, Trump's fiscally stimulative tax bill has passed and the US is back to business as usual. But reversion is not so simple. Out of the wreckage of such a crisis, there is often a trail of clues in the recovery that reveal subtle shifts, suggesting what may come ...
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