Last week, in one of our daily morning team meetings (when all the economists, strategists and fund managers gather round to exchange market-relevant news and views), each and every one of the contributions was about politics; including Brexit, Germany, Italy, Catalonia, the Netherlands, the US and Japan.
The filibuster is an important procedural device in the US Senate that makes it significantly harder to break the gridlock between Republicans and Democrats. President Trump argues that the "very outdated filibuster must go". But what is it? Why is it important? And what are the investment implications of throwing it on the Congressional scrapheap?
Sterling-based investors face the additional uncertainty caused by the Brexit vote alongside the usual vagaries in markets. When in doubt, it can be tempting to extrapolate recent performance, however today that could prove unwise.
Recently John and Justin have been asked at a few events that they've attended "what keeps the team up at night as investors?". Seeing as I'm always one to jump on the opportunity to create an infographic, I thought I'd try something a little more interactive...
President Trump's approval ratings after his first 100 days in office make for grim reading. As markets question the ability of the White House to get its own way, we've seen a significant retracement in the "Trump trade" in both equities and fixed income. The President needs to become the cajoler, not just the commander, in chief to revive hopes of a large fiscal stimulus.