Markets vs Trade Tensions
Rising trade tensions, new tariffs and protectionist threats are threatening the upside potential of both stock prices and bond yields. Were it not for these risks, we think equity markets would likely have moved higher this year and government bonds would be under more pressure. Even more than the actual negative economic impact, the uncertainty […]
International Events vs Earnings
Investor attention remains focused on trade issues. Tensions eased somewhat last week, as Chinese officials indicated they may be open to negotiating resolutions. It is possible that the Chinese government may make some concessions that would allow President Trump to claim a political win that wouldn’t disrupt global trade. Should tensions ease further, we think […]
A Cautious Continuation in 2018
The year began with a sense of political turmoil coming from Washington. The news included President Trump’s latest confrontation with North Korea, a feud between the president and his former strategist Steve Bannon, worries about more restrictive trade measures and struggles to secure a bipartisan deal in the Senate over immigration reform. Last year saw […]
