This is a good article from the Spectator. On the back of massive fiscal stimulus from Mr. Trump, US financial markets are still looking very attractive. The only downside is global conflict and potential trade wars. Despite all the bluster from Trump and his friends, they surely don’t want a trade war? The next critical date is May 12 for a decision on Iran‘s compliance to the nuclear deal. Will Trump kick the can down the road yet again?
The critical question is how much will the Fed raise interest rates, if at all, and when, on the back of weakening growth prospects?