Macro Musings: Trump Trade, ECB Taper & UK inflation - 7IM
Ben Kumar, Investment Manager at 7IM shares his view on the most trending topics in the world of Finance and Markets.
On Trump Trade
The recent fall in US equities isn’t the unwinding of the Trump trade. There is a good deal of optimism in the global markets.
Need for ultra easy monetary policy fading somewhat, courtesy of strong earnings growth, stable markets. However, QE taper is unlikely any time soon as inflation still low.
UK inflation and BOE rate hike
Kumar says raising rates would complicate matters for floating rate mortgage holders
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