How markets might be wrong about Trump

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The story "How markets might be wrong about Trump" was covered 1 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 1w ago

How markets might be wrong about Trump - Financial Times

Quick Summary:

We can debate how much of the post-pandemic inflation can be attributed to Biden’s fiscal policies; we can also debate whether or not people would have liked a bigger downturn with high unemployment any better than they liked inflation.

Scott Bessent, angling for a big job in the administration, argued in The Wall Street Journal that the election market rally proved the growth interpretation correct — clearing the way for critics to use his own words to argue that the next big correction will be Trump’s fault, which it almost certainly won’t be.

Unhedged’s view is that because policy takes time to make, and because the market’s visibility on the effects of Trump policy is limited, it will take some time to see a true Trump effect in markets.