It’s been a bleak period for US stocks. If this risk aversion continues, will we see the Fed put or the Trump put first? And is the era of US stock market exceptionalism over? Will the US yield curve continue to steepen in 2025? And how much further can the dollar decline? Click here to take part in the latest MLIV Pulse survey.
Less than two months into Donald Trump’s second presidency, a new reality seems to be settling in: This time around, the billionaire who has promoted his own gospel of wealth isn’t watching the stock market as a barometer of his success.
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