Summary
What Trump 2.0 means for the economy and markets
What Trump 2.0 means for the global economy
What Trump 2.0 means for markets
USD in the Trump era: strong, but not unstoppable
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What Trump 2.0 means for the economy and...
Global Investment Views
Markets: a tug of war between inflation fears and optimism
The Trump 2.0 era is upon us and markets have already become extremely sensitive to inflation data, a trend that will likely last in the coming months. Higher inflation sensitivity has also turned equity/bond correlation back to positive. Markets are currently influenced by two opposing forces: the prospect of Trumponomics reinforces the narrative of US exceptionalism, while the imposition of tariffs introduces uncertainty into global supply chain dynamics and inflation trajectories.
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Global Investment Views - February 2025
Scenarios, risks and macroeconomic forecasts
- Main and alternative scenarios
- Macroeconomic forecasts
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