Markets: "The Trump policy mix adds a significant overhang”

Since Donald Trump regained the US presidency on 5 November, bond, stock, and currency markets have all repriced yet their direction is unclear. 

To assess what this repricing says about the revised outlook for global growth, inflation, and fiscal and monetary policy, Medley Advisors brought together three in-house market analysts: Nick Stadtmiller, Dan Schwartz, and Phil Tyson. 

"The Trump policy mix adds a significant overhang to what was already a pretty fraught situation and one that's likely to be persistent," says Dan Schwartz. "I think that's what we're seeing unfold ... Certainly yields have moved up but rates markets have been choppy and we've seen big rallies ... yet the dollar's barely budging".