Talk is cheap in financial markets – remember that.
A fortnight ago, fund managers were telling us the presidential race didn’t have too much impact on the market outlook (it tends to trade well in a Republican or Democrat’s first year). Just before polling day, the narrative switched to the “Trump trade” that priced in Donald Trump getting elected as US president for the second time, and assumed the result would not change things too much.
Loading...
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
