Let’s assume Trump wins or at least the market re-prices his chances of winning. What would a President Trump do and how would asset prices respond? It’s a question worth asking, but not an easy question to answer given that Trump describes himself as ‘totally flexible on very, very many issues’.
Seven years into this bull market, how is it that equities continue to rally? I share investors' scepticism, but not because of the duration of the bull market or the size of the rally. I struggle to find reasons to be bullish on the two fundamental drivers of equities: earnings and valuations.
A new look at old data suggests that buy-to-let has been the 'only game in town'" in the UK property market for the last 15 years. Tighter regulatory and fiscal policy threatens to disrupt that growth, with potentially significant consequences for the whole residential property market.